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

COPPER

RWAall COPPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0001%/8h= +0.2% APRpaid last 24h 0.000%
Price spread now: gTrade (Gains Network) against HTX−0.106%7-day average · you buy dearer than you sell
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 1 day (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: gTrade (Gains Network) is 0.106% cheaper against HTX than usual: you would sell low and buy high, −$11 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX COPPER-USDT6.83200get 0.0000% / 4h1h 03m$61K$24K75x
ShortgTrade (Gains Network) HG/USD6.8248L +0.0002% / S −0.0001%get 0.0000% / 1h3m 17s$178K250x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against HTX. 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: −0.106% → 0.000%
−$10.58
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$32.28
Costs to cover
0.220%
Break-even
750.2 days
Slippage unknown: HTX: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 26 min ago. 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 HTX no order-book sample
Sell gTrade (Gains Network) virtual book (oracle venue), 26 min ago130.01 bp213.6 bp −$2141617.5 bp −$16.2Kdoesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX COPPER-USD0.0000%1h6.8270−0.073%$1.5M$129K20xas long as short
Aster XCUUSDT0.0000%4h6.8270−0.074%$32K$21K50xas long as short
Binance COPPERUSDT0.0000%4h6.8290−0.044%$9.0M$32.5M100xas long as short
OKX XCU-USDT-SWAP0.0000%8h6.8254−0.097%$471K$949K50xas long as short
Gate XCU_USDT0.0000%8h6.8110−0.307%$1.3M$493K100xas long as short
MEXC COPPER_USDT0.0000%4h6.8280−0.059%$26.0M$4.2M100xas long as short
Bitget COPPERUSDT0.0000%4h6.8300−0.029%$1.7M$986K100xas long as short
Variational Omni COPPER0.0000%4h6.8282−0.056%$743K$1.4Mas long as short
GRVT COPPER_USDT_Perp0.0000%4h6.8329+0.013%$95K$2.1M25xas long as short
SunX COPPER-USDT0.0000%4h6.8280−0.059%$6.7M20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX COPPER-USDTlong0.0000%4h6.8320long leg$61K$24K75x
Phemex COPPERUSDT0.0000%4h6.8140−0.263%$4.2M$76K100xas long as short
gTrade (Gains Network) HG/USDshortL +0.0002% / S −0.0001%1h6.8248−0.106%$178K250x
Phoenix COPPER+0.0012%1h6.8297−0.034%$45K$23K20xas long as short
edgeX COPPERUSDC+0.0018%4h6.8295−0.036%$95K$319K20xas long as short
BloFin COPPER-USDT+0.0032%4h6.8270−0.073%$88K$143K100xas long as short
Vest HG-PERP+0.0046%1h6.8246−0.108%$82K25xas long as short
Paradex XCU-USD-PERP+0.0050%8h6.8264−0.082%$2K$2K5xas long as short
tradeXYZ xyz:COPPER+0.0050%1h6.8255−0.095%$10.5M$4.8M20xas long as short
SoDEX COPPER-USD+0.0050%1h6.8250−0.102%$904$3K20xas long as short
Ondo Perps COPPER-USD.P+0.0050%1h6.8300−0.029%$57K$55K15xas long as short
Lighter XCU+0.0088%1h6.8369+0.072%$478K$39K20xas long as short
Pacifica COPPER+0.0100%1h6.8272−0.070%$23K$14K10xas long as short
KuCoin COPPERUSDTM+0.0100%4h6.8270−0.073%$258K$21K50xas long as short
Orderly PERP_COPPER_USDC_mythos+0.0100%8h6.8340+0.029%$3K10xas long as short
Aevo COPPER-PERP+0.0104%1h6.8261−0.087%$31210xas long as short
Kraken Futures PF_XCUUSD+0.0195%1h6.8255−0.095%$35K$178K20xas long as short
Extended XCU-USD+0.0848%1h6.8246−0.108%$224K$2.8M20xas long as short