Settings8H · net · $10k
Funding arb · Price arb /

COPPER

RWAall COPPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h −0.035%
Price spread now: Paradex against Extended+0.002%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · Paradex: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended XCU-USD6.82700.0032pay 0.0004% / 1h9m 19s$274K$2.0M20x
ShortParadex XCU-USD-PERP6.82720.0050get 0.0050% / 8h9m 19s$2K$1K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Extended. 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

Funding earned
$3.79
Price spread: +0.002% → 0.000%
$0.23
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$4.99
Costs to cover
0.090%
Break-even
16.2 days
Slippage unknown: Extended: live order book, 4 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 4 min ago2.12 bp6.4 bp −$650.4 bp −$504doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster XCUUSDT0.0000%4h6.8307+0.053%$32K$28K50xas long as short
Binance COPPERUSDT0.0000%4h6.8295+0.036%$9.0M$33.5M100xas long as short
OKX XCU-USDT-SWAP0.0000%8h6.8240−0.045%$496K$975K50xas long as short
Gate XCU_USDT0.0000%8h6.8140−0.191%$1.3M$529K100xas long as short
MEXC COPPER_USDT0.0000%4h6.8290+0.029%$26.7M$5.3M100xas long as short
Bitget COPPERUSDT0.0000%4h6.8290+0.029%$2.9M$1.6M100xas long as short
Variational Omni COPPER0.0000%4h6.8286+0.024%$766K$1.4Mas long as short
GRVT COPPER_USDT_Perp0.0000%4h6.8310+0.058%$94K$2.4M25xas long as short
SunX COPPER-USDT0.0000%4h6.8290+0.029%$6.1M20xas long as short
HTX COPPER-USDT0.0000%4h6.8330+0.087%$61K$24K75xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex COPPERUSDT0.0000%4h6.8180−0.132%$4.2M$83K100xas long as short
gTrade (Gains Network) HG/USDL +0.0002% / S −0.0001%1h6.8261−0.014%$178K250xas long as short
BloFin COPPER-USDT+0.0008%4h6.8300+0.043%$88K$149K100xas long as short
edgeX COPPERUSDC+0.0014%4h6.8298+0.041%$95K$318K20xas long as short
QFEX COPPER-USD+0.0017%1h6.8300+0.043%$1.5M$137K20xas long as short
Extended XCU-USDlong+0.0032%1h6.8270long leg$274K$2.0M20x
Vest HG-PERP+0.0046%1h6.8271+0.001%$82K25xas long as short
tradeXYZ xyz:COPPER+0.0050%1h6.8243−0.040%$10.6M$5.0M20xas long as short
SoDEX COPPER-USD+0.0050%1h6.8237−0.049%$4K$5K20xas long as short
Paradex XCU-USD-PERPshort+0.0050%8h6.8272+0.002%$2K$1K5x
Ondo Perps COPPER-USD.P+0.0050%1h6.8333+0.092%$57K$55K15xas long as short
Pacifica COPPER+0.0100%1h6.8275+0.006%$23K$14K10xas long as short
KuCoin COPPERUSDTM+0.0100%4h6.8280+0.014%$278K$36K50xas long as short
Orderly PERP_COPPER_USDC_mythos+0.0100%8h6.8360+0.131%$3K10xas long as short
Aevo COPPER-PERP+0.0104%1h6.8287+0.024%$31210xas long as short
Phoenix COPPER+0.0106%1h6.8258−0.018%$45K$22K20xas long as short
Lighter XCU+0.0160%1h6.8385+0.168%$479K$27K20xas long as short
Kraken Futures PF_XCUUSD+0.0358%1h6.8256−0.021%$34K$178K20xas long as short