Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.011%

Price spread now: Ondo Perps against HTX−0.088%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

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

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

Funding pays, the price is against you. Ondo Perps is 0.088% cheaper against HTX than usual: you would sell low and buy high (spread −0.088% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 5.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX COPPER-USDT	6.8270	0	get 0.0000% / 4h	3m 49s	$61K	$24K	75x
Short	Ondo Perps COPPER-USD.P	6.8210	0.0050	get 0.0006% / 1h	3m 49s	$57K	$55K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Position, each leg$Hold fordaysFee HTXbpFee Ondo PerpsbpOrdersPrice spread, now −0.088%Rate

Funding earned: $10.58
Price spread: −0.088% → 0.000%: −$8.79
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$15.2
Costs to cover: 0.170%
Break-even: 17.1 days

Slippage unknown: HTX: no order-book sample; Ondo Perps: 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 HTX no order-book sample	—	—	—	—	—
Sell Ondo Perps no order-book sample	—	—	—	—	—

HTX and Ondo Perps: 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	−0.0017%	4h	6.8270	0.000%	$88K	$144K	100x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8264	−0.009%	$32K	$28K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8260	−0.015%	$9.0M	$33.3M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8193	−0.113%	$496K	$974K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8100	−0.249%	$1.3M	$529K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8250	−0.029%	$26.7M	$5.3M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8240	−0.044%	$2.9M	$1.6M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8246	−0.035%	$765K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8276	+0.009%	$89K	$2.4M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8250	−0.029%	—	$6.0M	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-USDTlong	0.0000%	4h	6.8270	long leg	$61K	$24K	75x
Phemex COPPERUSDT	0.0000%	4h	6.8140	−0.190%	$4.2M	$83K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8216	−0.080%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0012%	4h	6.8259	−0.016%	$95K	$319K	20x	as long as short
QFEX COPPER-USD	+0.0017%	1h	6.8230	−0.059%	$1.5M	$140K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8225	−0.066%	$274K	$2.0M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8220	−0.073%	—	$82K	25x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8203	−0.098%	$10.6M	$5.0M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8199	−0.104%	$4K	$5K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8224	−0.067%	$2K	$1K	5x	as long as short
Ondo Perps COPPER-USD.Pshort	+0.0050%	1h	6.8210	−0.088%	$57K	$55K	15x
Pacifica COPPER	+0.0100%	1h	6.8224	−0.067%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8240	−0.044%	$278K	$36K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8320	+0.073%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8243	−0.039%	$312	—	10x	as long as short
Phoenix COPPER	+0.0106%	1h	6.8258	−0.018%	$45K	$22K	20x	as long as short
Lighter XCU	+0.0152%	1h	6.8346	+0.111%	$478K	$27K	20x	as long as short
Kraken Futures PF_XCUUSD	+0.0358%	1h	6.8211	−0.086%	$34K	$178K	20x	as long as short