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+0.0001%/8h= +0.2% APRpaid last 24h 0.000%
Price spread now: gTrade (Gains Network) against Gate+0.165%7-day average +0.187% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$514as in the Price arb table
costs, in and out, $10k−$5125.117% of the position
What this pair did over the last
the charts below follow
Funding, last 1 day (all we have)+0.001%$0 on $10k
Price spread, last 4 days (all we have)+0.127%+$13 · spread now +0.165%, 7d avg +0.187%
Together, before fees+0.127%+$13 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: gTrade (Gains Network) is 0.021% cheaper against Gate than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.187%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate XCU_USDT6.80700get 0.0000% / 8h58m 00s$1.3M$528K100x
ShortgTrade (Gains Network) HG/USD6.8182L +0.0002% / S −0.0001%get 0.0000% / 1h58m 00s$178K250x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Gate. 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
$0.3
Price spread: +0.165% → +0.187%
−$2.14
Slippage, 4 orders
−$486.66
Fee Gate: 7.5 bp × 2 orders
−$15
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$513.5
Costs to cover
5.117%
Break-even
11859.2 days
Slippage from Gate: live order book, 4 min ago; gTrade (Gains Network): virtual book (oracle venue), 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 4 min ago1.47 bp18.7 bp −$1995.5 bp −$955doesn't fitdoesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 11 min ago130.01 bp213.6 bp −$2141617.5 bp −$16.2Kdoesn't fitdoesn't fit

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
BloFin COPPER-USDT−0.0021%4h6.8220+0.220%$88K$144K100xas long as short
Aster XCUUSDT0.0000%4h6.8217+0.215%$32K$27K50xas long as short
Binance COPPERUSDT0.0000%4h6.8240+0.250%$9.0M$34.1M100xas long as short
OKX XCU-USDT-SWAP0.0000%8h6.8166+0.141%$495K$1.0M50xas long as short
Gate XCU_USDTlong0.0000%8h6.8070long leg$1.3M$528K100x
MEXC COPPER_USDT0.0000%4h6.8240+0.250%$26.0M$5.0M100xas long as short
Bitget COPPERUSDT0.0000%4h6.8240+0.250%$2.9M$2.0M100xas long as short
Variational Omni COPPER0.0000%4h6.8103+0.049%$751K$1.4Mas long as short
GRVT COPPER_USDT_Perp0.0000%4h6.8110+0.059%$86K$2.4M25xas long as short
SunX COPPER-USDT0.0000%4h6.8230+0.235%$6.4M20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX COPPER-USDT0.0000%4h6.8170+0.147%$61K$24K75xas long as short
Phemex COPPERUSDT0.0000%4h6.8220+0.220%$4.2M$83K100xas long as short
gTrade (Gains Network) HG/USDshortL +0.0002% / S −0.0001%1h6.8182+0.165%$178K250x
edgeX COPPERUSDC+0.0012%4h6.8088+0.027%$94K$319K20xas long as short
QFEX COPPER-USD+0.0017%1h6.8220+0.220%$1.5M$128K20xas long as short
Vest HG-PERP+0.0046%1h6.8179+0.160%$82K25xas long as short
Phoenix COPPER+0.0047%1h6.8061−0.013%$45K$22K20xas long as short
Extended XCU-USD+0.0048%1h6.8197+0.186%$272K$2.3M20xas long as short
tradeXYZ xyz:COPPER+0.0050%1h6.8197+0.187%$10.6M$5.0M20xas long as short
SoDEX COPPER-USD+0.0050%1h6.8178+0.159%$4K$5K20xas long as short
Paradex XCU-USD-PERP+0.0050%8h6.8189+0.174%$2K$1K5xas long as short
Ondo Perps COPPER-USD.P+0.0050%1h6.8181+0.163%$57K$55K15xas long as short
Pacifica COPPER+0.0100%1h6.8174+0.153%$23K$14K10xas long as short
KuCoin COPPERUSDTM+0.0100%4h6.8220+0.220%$278K$37K50xas long as short
Orderly PERP_COPPER_USDC_mythos+0.0100%8h6.8270+0.294%$3K10xas long as short
Aevo COPPER-PERP+0.0104%1h6.8190+0.176%$31210xas long as short
Lighter XCU+0.0168%1h6.8325+0.375%$478K$26K20xas long as short
Kraken Futures PF_XCUUSD+0.0358%1h6.8207+0.202%$34K$177K20xas long as short