Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.055%

Price spread now: Vest against Aster−0.064%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 Vest

What this pair did over the last

the charts below follow

Funding, last 3 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 · Vest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.064% cheaper against Aster than usual: you would sell low and buy high (spread −0.064% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 4.7 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XCUUSDT	6.8228	0	get 0.0000% / 4h	1h 27m	$32K	$21K	50x
Short	Vest HG-PERP	6.8184	0.0046	get 0.0006% / 1h	27m 54s	—	$82K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.064%Rate

Funding earned: $9.59
Price spread: −0.064% → 0.000%: −$6.38
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Vest: 1 bp × 2 orders: −$2
Net: −$6.79
Costs to cover: 0.100%
Break-even: 12.0 days

Slippage unknown: Aster: no order-book sample; Vest: 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 Vest no order-book sample	—	—	—	—	—

Aster and Vest: 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
BloFin COPPER-USDT	−0.0050%	4h	6.8200	−0.040%	$88K	$143K	100x	as long as short
QFEX COPPER-USD	0.0000%	1h	6.8190	−0.055%	$1.5M	$129K	20x	as long as short
Aster XCUUSDTlong	0.0000%	4h	6.8228	long leg	$32K	$21K	50x
Binance COPPERUSDT	0.0000%	4h	6.8230	+0.004%	$9.1M	$32.4M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8177	−0.074%	$470K	$945K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8040	−0.275%	$1.3M	$491K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8230	+0.004%	$26.1M	$4.2M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8250	+0.033%	$1.7M	$987K	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8181	−0.068%	$742K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8191	−0.053%	$87K	$2.0M	25x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX COPPER-USDT	0.0000%	4h	6.8230	+0.004%	—	$6.7M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8230	+0.004%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8070	−0.231%	$4.2M	$75K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8205	−0.034%	$178K	—	250x	as long as short
Phoenix COPPER	+0.0012%	1h	6.8180	−0.070%	$45K	$23K	20x	as long as short
edgeX COPPERUSDC	+0.0012%	4h	6.8169	−0.085%	$94K	$319K	20x	as long as short
Vest HG-PERPshort	+0.0046%	1h	6.8184	−0.064%	—	$82K	25x
Paradex XCU-USD-PERP	+0.0050%	8h	6.8207	−0.030%	$2K	$2K	5x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8210	−0.026%	$10.5M	$4.8M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8200	−0.040%	$903	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8138	−0.131%	$57K	$55K	15x	as long as short
Lighter XCU	+0.0072%	1h	6.8333	+0.155%	$478K	$39K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8199	−0.042%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8200	−0.040%	$258K	$21K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8290	+0.092%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8219	−0.013%	$312	—	10x	as long as short
Kraken Futures PF_XCUUSD	+0.0195%	1h	6.8224	−0.005%	$32K	$176K	20x	as long as short
Extended XCU-USD	+0.0680%	1h	6.8201	−0.039%	$223K	$2.8M	20x	as long as short