Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.085%

Price spread now: MEXC against Pacifica+0.036%7-day average — · you sell dearer than you buy

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

Long on Pacifica Short on MEXC

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—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

The price spread pays, funding is against you. MEXC is 0.036% dearer against Pacifica than usual: you sell high and buy low (spread +0.036% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica COPPER	6.8096	0.0100	pay 0.0013% / 1h	2m 16s	$23K	$14K	10x
Short	MEXC COPPER_USDT	6.8120	0	get 0.0000% / 4h	3h 02m	$27.0M	$4.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Pacifica. 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 PacificabpFee MEXCbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$21
Price spread: +0.036% → 0.000%: $3.57
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$25.43
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; MEXC: live order book, 2 min ago. 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 Pacifica no order-book sample	—	—	—	—	—
Sell MEXC live order book, 2 min ago	0.73 bp	0.7 bp −$1	3.1 bp −$31	12.7 bp −$1,268	doesn't fit

Pacifica: 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
Kraken Futures PF_XCUUSD	−0.0447%	1h	6.8095	−0.002%	$32K	$179K	20x	as long as short
tradeXYZ xyz:COPPER	−0.0038%	1h	6.8060	−0.052%	$10.4M	$5.0M	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8120	+0.036%	$32K	$35K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8120	+0.036%	$9.1M	$33.1M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8085	−0.016%	$472K	$978K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7980	−0.170%	$1.3M	$492K	100x	as long as short
MEXC COPPER_USDTshort	0.0000%	4h	6.8120	+0.036%	$27.0M	$4.9M	100x
Bitget COPPERUSDT	0.0000%	4h	6.8150	+0.080%	$1.7M	$1.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8122	+0.039%	$742K	$1.5M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8146	+0.074%	$97K	$2.1M	25x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX COPPER-USDT	0.0000%	4h	6.8110	+0.021%	—	$7.1M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8150	+0.080%	$61K	$25K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.7940	−0.229%	$4.2M	$76K	100x	as long as short
edgeX COPPERUSDC	+0.0002%	4h	6.8125	+0.043%	$94K	$318K	20x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8097	+0.002%	$177K	—	250x	as long as short
QFEX COPPER-USD	+0.0004%	1h	6.8100	+0.006%	$1.5M	$130K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8220	+0.183%	$477K	$45K	20x	as long as short
BloFin COPPER-USDT	+0.0043%	4h	6.8080	−0.023%	$87K	$149K	100x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8087	−0.013%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8116	+0.030%	$1K	$2K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8099	+0.005%	$902	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8071	−0.036%	$57K	$55K	15x	as long as short
Pacifica COPPERlong	+0.0100%	1h	6.8096	long leg	$23K	$14K	10x
KuCoin COPPERUSDTM	+0.0100%	4h	6.8100	+0.006%	$258K	$25K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8180	+0.124%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8111	+0.023%	$311	—	10x	as long as short
Phoenix COPPER	+0.0118%	1h	6.8111	+0.022%	$45K	$30K	20x	as long as short
Extended XCU-USD	+0.0384%	1h	6.8101	+0.007%	$234K	$2.9M	20x	as long as short