Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.072%

Price spread now: Pacifica against Aster−0.076%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Pacifica: Active · farm boardneeds both histories

Funding pays, the price is against you. Pacifica is 0.076% cheaper against Aster than usual: you would sell low and buy high (spread −0.076% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XCUUSDT	6.8014	0	get 0.0000% / 4h	2h 47m	$32K	$35K	50x
Short	Pacifica COPPER	6.7962	0.0100	get 0.0013% / 1h	47m 07s	$23K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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

Position, each leg$Hold fordaysFee AsterbpFee PacificabpOrdersPrice spread, now −0.076%Rate

Funding earned: $21
Price spread: −0.076% → 0.000%: −$7.61
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$2.61
Costs to cover: 0.160%
Break-even: 7.9 days

Slippage unknown: Aster: no order-book sample; Pacifica: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster no order-book sample	—	—	—	—	—
Sell Pacifica no order-book sample	—	—	—	—	—

Aster and Pacifica: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_XCUUSD	−0.1015%	1h	6.7964	−0.073%	$32K	$175K	20x	as long as short
tradeXYZ xyz:COPPER	−0.0127%	1h	6.7943	−0.104%	$10.4M	$4.8M	20x	as long as short
BloFin COPPER-USDT	−0.0051%	4h	6.8050	+0.054%	$88K	$144K	100x	as long as short
Aster XCUUSDTlong	0.0000%	4h	6.8014	long leg	$32K	$35K	50x
Binance COPPERUSDT	0.0000%	4h	6.8000	−0.020%	$9.1M	$32.4M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.7974	−0.058%	$472K	$943K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7870	−0.211%	$1.3M	$478K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.7990	−0.035%	$26.8M	$4.9M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8010	−0.005%	$1.7M	$1.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8104	+0.134%	$742K	$1.4M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8060	+0.068%	$95K	$2.1M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8000	−0.020%	—	$6.9M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8030	+0.024%	$61K	$26K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.7910	−0.152%	$4.2M	$75K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.7978	−0.053%	$176K	—	250x	as long as short
QFEX COPPER-USD	+0.0006%	1h	6.7990	−0.035%	$1.5M	$129K	20x	as long as short
edgeX COPPERUSDC	+0.0020%	4h	6.8040	+0.039%	$94K	$319K	20x	as long as short
Phoenix COPPER	+0.0035%	1h	6.8087	+0.108%	$45K	$30K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.7971	−0.063%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.7987	−0.039%	$1K	$2K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.7979	−0.051%	$900	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8061	+0.070%	$57K	$55K	15x	as long as short
Lighter XCU	+0.0080%	1h	6.8100	+0.127%	$476K	$39K	20x	as long as short
Pacifica COPPERshort	+0.0100%	1h	6.7962	−0.076%	$23K	$14K	10x
KuCoin COPPERUSDTM	+0.0100%	4h	6.8000	−0.020%	$258K	$25K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8070	+0.083%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.7984	−0.044%	$311	—	10x	as long as short
Extended XCU-USD	+0.0424%	1h	6.7979	−0.050%	$229K	$2.9M	20x	as long as short