Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.016%

Price spread now: Aevo against KuCoin+0.041%57s7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (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: Aevo is 0.041% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 57 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	KuCoin COPPERUSDTM	6.8250	0.0100	pay 0.0050% / 4h	7m 26s	$278K	$36K	50x
Short	Aevo COPPER-PERP	6.8278	0.0104	get 0.0013% / 1h	7m 26s	$312	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against KuCoin. 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 KuCoinbpFee AevobpOrdersPrice spread, now +0.041%Rate

Funding earned: $0.84
Price spread: +0.041% → 0.000%: $4.09
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$23.07
Costs to cover: 0.280%
Break-even: 199.3 days

Slippage unknown: KuCoin: live order book, 25 min ago; Aevo: 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 KuCoin live order book, 25 min ago	14.64 bp	48.1 bp −$48	500.6 bp −$5,006	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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
Aster XCUUSDT	0.0000%	4h	6.8277	+0.040%	$32K	$28K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8260	+0.015%	$9.0M	$33.5M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8194	−0.082%	$496K	$973K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8110	−0.205%	$1.3M	$529K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8260	+0.015%	$26.7M	$5.3M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8250	0.000%	$2.9M	$1.6M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8286	+0.053%	$766K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8310	+0.088%	$94K	$2.4M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8290	+0.059%	—	$6.1M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8360	+0.161%	$61K	$24K	75x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex COPPERUSDT	0.0000%	4h	6.8170	−0.117%	$4.2M	$83K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8251	+0.002%	$178K	—	250x	as long as short
BloFin COPPER-USDT	+0.0008%	4h	6.8300	+0.073%	$88K	$149K	100x	as long as short
edgeX COPPERUSDC	+0.0014%	4h	6.8298	+0.071%	$95K	$318K	20x	as long as short
QFEX COPPER-USD	+0.0017%	1h	6.8270	+0.029%	$1.5M	$137K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8231	−0.028%	$274K	$2.0M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8236	−0.021%	—	$82K	25x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8209	−0.060%	$10.6M	$5.0M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8232	−0.026%	$4K	$5K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8227	−0.034%	$2K	$1K	5x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8333	+0.122%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8224	−0.037%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTMlong	+0.0100%	4h	6.8250	long leg	$278K	$36K	50x
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8350	+0.147%	$3K	—	10x	as long as short
Aevo COPPER-PERPshort	+0.0104%	1h	6.8278	+0.041%	$312	—	10x
Phoenix COPPER	+0.0106%	1h	6.8258	+0.012%	$45K	$22K	20x	as long as short
Lighter XCU	+0.0160%	1h	6.8354	+0.152%	$478K	$27K	20x	as long as short
Kraken Futures PF_XCUUSD	+0.0358%	1h	6.8256	+0.008%	$34K	$178K	20x	as long as short