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 +0.027%

Price spread now: Paradex against Bitget−0.026%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 0.026% cheaper against Bitget than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 42 hours of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget COPPERUSDT	6.8230	0	get 0.0000% / 4h	2h 05m	$2.9M	$2.0M	100x
Short	Paradex XCU-USD-PERP	6.8212	0.0050	get 0.0050% / 8h	2h 05m	$2K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bitget. 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 BitgetbpFee ParadexbpOrdersPrice spread, now −0.026%Rate

Funding earned: $10.5
Price spread: −0.026% → 0.000%: −$2.64
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$8.14
Costs to cover: 0.160%
Break-even: 12.4 days

Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago	0.73 bp	9.9 bp −$10	21.5 bp −$215	75.6 bp −$7,561	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
Kraken Futures PF_XCUUSD	−0.0481%	1h	6.8225	−0.008%	$35K	$176K	20x	as long as short
QFEX COPPER-USD	−0.0001%	1h	6.8220	−0.015%	$1.5M	$130K	20x	as long as short
tradeXYZ xyz:COPPER	0.0000%	1h	6.8190	−0.059%	$10.6M	$5.0M	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8225	−0.007%	$32K	$27K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8230	0.000%	$9.2M	$33.5M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8178	−0.076%	$498K	$973K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8080	−0.220%	$1.3M	$533K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8230	0.000%	$26.7M	$4.9M	100x	as long as short
Bitget COPPERUSDTlong	0.0000%	4h	6.8230	long leg	$2.9M	$2.0M	100x
Variational Omni COPPER	0.0000%	4h	6.8243	+0.019%	$740K	$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	6.8264	+0.050%	$95K	$2.3M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8230	0.000%	—	$6.5M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8280	+0.073%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8180	−0.073%	$4.2M	$81K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8197	−0.049%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0017%	4h	6.8245	+0.021%	$95K	$319K	20x	as long as short
BloFin COPPER-USDT	+0.0021%	4h	6.8220	−0.015%	$87K	$139K	100x	as long as short
Phoenix COPPER	+0.0023%	1h	6.8223	−0.010%	$45K	$23K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8300	+0.103%	$477K	$40K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8204	−0.039%	$276K	$2.4M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8201	−0.043%	—	$82K	25x	as long as short
Paradex XCU-USD-PERPshort	+0.0050%	8h	6.8212	−0.026%	$2K	$2K	5x
SoDEX COPPER-USD	+0.0050%	1h	6.8182	−0.070%	$903	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8274	+0.064%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8205	−0.037%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8220	−0.015%	$278K	$35K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8300	+0.103%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8223	−0.011%	$312	—	10x	as long as short