Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0127%/8h= +13.9% APRpaid last 24h +0.063%

Price spread now: Pacifica against BloFin−0.068%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Pacifica is 0.068% cheaper against BloFin than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 43 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin COPPER-USDT	6.8110	−0.0027	get 0.0013% / 4h	1h 25m	$88K	$139K	100x
Short	Pacifica COPPER	6.8064	0.0100	get 0.0013% / 1h	25m 16s	$23K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against BloFin. 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 BloFinbpFee PacificabpOrdersPrice spread, now −0.068%Rate

Funding earned: $26.64
Price spread: −0.068% → 0.000%: −$6.77
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$0.13
Costs to cover: 0.200%
Break-even: 7.0 days

Slippage unknown: BloFin: live order book, 47 min ago; 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 BloFin live order book, 47 min ago	1.47 bp	7.5 bp −$7	7.9 bp −$79	36.4 bp −$3,643	111.8 bp −$55.9K
Sell Pacifica no order-book sample	—	—	—	—	—

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
BloFin COPPER-USDTlong	−0.0027%	4h	6.8110	long leg	$88K	$139K	100x
Aster XCUUSDT	0.0000%	4h	6.8095	−0.021%	$32K	$27K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8100	−0.015%	$9.1M	$33.9M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8074	−0.053%	$493K	$981K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7950	−0.235%	$1.3M	$523K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8090	−0.029%	$26.2M	$5.0M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8080	−0.044%	$2.9M	$2.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8093	−0.025%	$734K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8107	−0.004%	$98K	$2.4M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8100	−0.015%	—	$6.4M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX COPPER-USDT	0.0000%	4h	6.8140	+0.044%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8100	−0.015%	$4.2M	$82K	100x	as long as short
tradeXYZ xyz:COPPER	+0.0002%	1h	6.8045	−0.095%	$10.6M	$5.0M	20x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8058	−0.076%	$177K	—	250x	as long as short
QFEX COPPER-USD	+0.0003%	1h	6.8080	−0.044%	$1.5M	$129K	20x	as long as short
edgeX COPPERUSDC	+0.0010%	4h	6.8091	−0.027%	$94K	$317K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8053	−0.084%	$275K	$2.3M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8054	−0.082%	—	$82K	25x	as long as short
Phoenix COPPER	+0.0047%	1h	6.8068	−0.062%	$45K	$22K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8078	−0.047%	$1K	$2K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8050	−0.088%	$4K	$5K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8102	−0.012%	$57K	$55K	15x	as long as short
Lighter XCU	+0.0088%	1h	6.8195	+0.125%	$477K	$42K	20x	as long as short
Pacifica COPPERshort	+0.0100%	1h	6.8064	−0.068%	$23K	$14K	10x
KuCoin COPPERUSDTM	+0.0100%	4h	6.8100	−0.015%	$278K	$37K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8140	+0.044%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8085	−0.037%	$311	—	10x	as long as short
Kraken Futures PF_XCUUSD	+0.0108%	1h	6.8074	−0.053%	$34K	$176K	20x	as long as short