Settings8H · net · $10k
Funding arb · Price arb /

COPPER

RWAall COPPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0047%/8h= +5.1% APRnext payment +$0.23 per $10,000 · paid last 24h −0.002%
Price spread now: BloFin against Aster−0.028%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.043%−$4 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Funding pays, the price is against you. BloFin is 0.028% cheaper against Aster than usual: you would sell low and buy high (spread −0.028% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.0 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster XCUUSDT6.82390get 0.0000% / 4h2h 06m$32K$27K50x
ShortBloFin COPPER-USDT6.82200.0047get 0.0023% / 4h2h 06m$87K$140K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Aster. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$9.82
Price spread: −0.028% → 0.000%
−$2.81
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$12.99
Costs to cover
0.200%
Break-even
16.3 days
Slippage unknown: Aster: no order-book sample; BloFin: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell BloFin live order book, 5 min ago1.47 bp7.5 bp −$711.2 bp −$11235.0 bp −$3,496doesn't fit
Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

COPPER on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_XCUUSD−0.0480%1h6.8243+0.005%$35K$176K20xas long as short
tradeXYZ xyz:COPPER−0.0002%1h6.8207−0.047%$10.6M$5.0M20xas long as short
QFEX COPPER-USD−0.0001%1h6.8230−0.013%$1.5M$130K20xas long as short
Aster XCUUSDTlong0.0000%4h6.8239long leg$32K$27K50x
Binance COPPERUSDT0.0000%4h6.8258+0.028%$9.2M$33.5M100xas long as short
OKX XCU-USDT-SWAP0.0000%8h6.8178−0.090%$498K$973K50xas long as short
Gate XCU_USDT0.0000%8h6.8100−0.204%$1.3M$532K100xas long as short
MEXC COPPER_USDT0.0000%4h6.8250+0.016%$26.7M$4.9M100xas long as short
Bitget COPPERUSDT0.0000%4h6.8240+0.001%$2.9M$2.0M100xas long as short
Variational Omni COPPER0.0000%4h6.8223−0.024%$740K$1.4Mas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT COPPER_USDT_Perp0.0000%4h6.8221−0.027%$95K$2.3M25xas long as short
SunX COPPER-USDT0.0000%4h6.8250+0.016%$6.5M20xas long as short
HTX COPPER-USDT0.0000%4h6.8280+0.060%$61K$24K75xas long as short
Phemex COPPERUSDT0.0000%4h6.8220−0.028%$4.2M$81K100xas long as short
gTrade (Gains Network) HG/USDL +0.0002% / S −0.0001%1h6.8223−0.024%$178K250xas long as short
edgeX COPPERUSDC+0.0009%4h6.8219−0.029%$95K$318K20xas long as short
Phoenix COPPER+0.0023%1h6.8242+0.004%$45K$23K20xas long as short
Lighter XCU+0.0032%1h6.8327+0.129%$478K$40K20xas long as short
Extended XCU-USD+0.0032%1h6.8225−0.021%$276K$2.4M20xas long as short
Vest HG-PERP+0.0046%1h6.8223−0.024%$82K25xas long as short
BloFin COPPER-USDTshort+0.0047%4h6.8220−0.028%$87K$140K100x
Paradex XCU-USD-PERP+0.0050%8h6.8222−0.025%$2K$2K5xas long as short
SoDEX COPPER-USD+0.0050%1h6.8206−0.049%$903$3K20xas long as short
Ondo Perps COPPER-USD.P+0.0050%1h6.8245+0.009%$57K$55K15xas long as short
Pacifica COPPER+0.0100%1h6.8224−0.022%$23K$14K10xas long as short
KuCoin COPPERUSDTM+0.0100%4h6.8250+0.016%$278K$35K50xas long as short
Orderly PERP_COPPER_USDC_mythos+0.0100%8h6.8320+0.118%$3K10xas long as short
Aevo COPPER-PERP+0.0104%1h6.8244+0.007%$31210xas long as short