Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.051%

Price spread now: Paradex against Binance−0.038%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.038% cheaper against Binance than usual: you would sell low and buy high (spread −0.038% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.6 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	Binance COPPERUSDT	6.8140	0	get 0.0000% / 4h	1h 51m	$9.2M	$33.6M	100x
Short	Paradex XCU-USD-PERP	6.8114	0.0050	get 0.0050% / 8h	1h 51m	$1K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Binance. 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 BinancebpFee ParadexbpOrdersPrice spread, now −0.038%Rate

Funding earned: $10.5
Price spread: −0.038% → 0.000%: −$3.83
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$7.33
Costs to cover: 0.140%
Break-even: 11.9 days

Slippage unknown: Binance: live order book, 5 min ago; Paradex: 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 Binance live order book, 5 min ago	0.73 bp	5.7 bp −$6	10.2 bp −$102	56.2 bp −$5,625	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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
Aster XCUUSDT	0.0000%	4h	6.8148	+0.011%	$32K	$27K	50x	as long as short
Binance COPPERUSDTlong	0.0000%	4h	6.8140	long leg	$9.2M	$33.6M	100x
OKX XCU-USDT-SWAP	0.0000%	8h	6.8086	−0.079%	$497K	$971K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8000	−0.205%	$1.3M	$520K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8130	−0.015%	$26.6M	$4.7M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8130	−0.015%	$2.9M	$2.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8223	+0.122%	$736K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8190	+0.073%	$93K	$2.3M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8170	+0.044%	—	$6.5M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8190	+0.073%	$61K	$24K	75x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex COPPERUSDT	0.0000%	4h	6.8130	−0.015%	$4.2M	$82K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8135	−0.007%	$178K	—	250x	as long as short
QFEX COPPER-USD	+0.0003%	1h	6.8140	0.000%	$1.5M	$130K	20x	as long as short
BloFin COPPER-USDT	+0.0004%	4h	6.8170	+0.044%	$88K	$139K	100x	as long as short
edgeX COPPERUSDC	+0.0008%	4h	6.8177	+0.055%	$94K	$318K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8108	−0.048%	$273K	$2.4M	20x	as long as short
tradeXYZ xyz:COPPER	+0.0034%	1h	6.8098	−0.062%	$10.6M	$5.0M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8111	−0.043%	—	$82K	25x	as long as short
Phoenix COPPER	+0.0047%	1h	6.8168	+0.041%	$45K	$22K	20x	as long as short
Paradex XCU-USD-PERPshort	+0.0050%	8h	6.8114	−0.038%	$1K	$2K	5x
SoDEX COPPER-USD	+0.0050%	1h	6.8123	−0.025%	$902	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8207	+0.098%	$57K	$55K	15x	as long as short
Lighter XCU	+0.0072%	1h	6.8229	+0.131%	$477K	$41K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8120	−0.029%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8140	0.000%	$278K	$37K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8250	+0.161%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8164	+0.036%	$312	—	10x	as long as short
Kraken Futures PF_XCUUSD	+0.0108%	1h	6.8145	+0.007%	$34K	$176K	20x	as long as short