Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.001%

Price spread now: HTX against gTrade (Gains Network)−0.036%51s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on HTX

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

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

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.036% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) HG/USD	6.8195	L +0.0002% / S −0.0001%	pay 0.0000% / 1h	57m 28s	$178K	—	250x
Short	HTX COPPER-USDT	6.8170	0	get 0.0000% / 4h	57m 28s	$61K	$24K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee HTXbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$0.4
Price spread: −0.036% → 0.000%: −$3.62
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$26.02
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 12 min ago; HTX: 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 gTrade (Gains Network) virtual book (oracle venue), 12 min ago	130.01 bp	229.7 bp −$230	1613.4 bp −$16.1K	13153.2 bp −$1.32M	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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	−0.0021%	4h	6.8220	+0.037%	$88K	$144K	100x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8224	+0.043%	$32K	$27K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8250	+0.081%	$9.0M	$34.1M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8187	−0.011%	$495K	$1.0M	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8080	−0.168%	$1.3M	$528K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8240	+0.066%	$26.0M	$5.0M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8240	+0.066%	$2.9M	$2.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8103	−0.134%	$751K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8110	−0.124%	$86K	$2.4M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8230	+0.052%	—	$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-USDTshort	0.0000%	4h	6.8170	−0.036%	$61K	$24K	75x
Phemex COPPERUSDT	0.0000%	4h	6.8220	+0.037%	$4.2M	$83K	100x	as long as short
edgeX COPPERUSDC	+0.0002%	4h	6.8180	−0.021%	$94K	$317K	20x	as long as short
gTrade (Gains Network) HG/USDlong	L +0.0002% / S −0.0001%	1h	6.8195	long leg	$178K	—	250x
QFEX COPPER-USD	+0.0017%	1h	6.8230	+0.052%	$1.5M	$128K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8193	−0.002%	—	$82K	25x	as long as short
Phoenix COPPER	+0.0047%	1h	6.8061	−0.196%	$45K	$22K	20x	as long as short
Extended XCU-USD	+0.0048%	1h	6.8201	+0.010%	$272K	$2.3M	20x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8205	+0.015%	$10.6M	$5.0M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8178	−0.024%	$4K	$5K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8210	+0.022%	$2K	$1K	5x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8181	−0.020%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8210	+0.022%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8230	+0.052%	$278K	$37K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8270	+0.110%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8190	−0.007%	$312	—	10x	as long as short
Lighter XCU	+0.0168%	1h	6.8338	+0.210%	$478K	$26K	20x	as long as short
Kraken Futures PF_XCUUSD	+0.0358%	1h	6.8207	+0.019%	$34K	$177K	20x	as long as short