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

COPPER

RWAall COPPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Orderly against Pacifica+0.065%7-day average · you sell dearer than you buy
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.065% dearer against Pacifica than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica COPPER6.80060.0100pay 0.0013% / 1h3m 46s$23K$14K10x
ShortOrderly PERP_COPPER_USDC_mythos6.80500.0100get 0.0100% / 8h1h 03m$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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

Funding earned
$0
Price spread: +0.065% → 0.000%
$6.46
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$7.54
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Pacifica: no order-book sample; Orderly: 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
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica no order-book sample
Sell Orderly no order-book sample
Pacifica and Orderly: 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
tradeXYZ xyz:COPPER−0.0030%1h6.7979−0.040%$10.4M$5.4M20xas long as short
QFEX COPPER-USD−0.0015%1h6.8010+0.006%$1.5M$138K20xas long as short
edgeX COPPERUSDC−0.0002%4h6.7987−0.028%$93K$318K20xas long as short
Aster XCUUSDT0.0000%4h6.8012+0.008%$32K$36K50xas long as short
Binance COPPERUSDT0.0000%4h6.8031+0.037%$9.0M$34.7M100xas long as short
OKX XCU-USDT-SWAP0.0000%8h6.7978−0.041%$467K$1.2M50xas long as short
Gate XCU_USDT0.0000%8h6.7870−0.200%$1.3M$499K100xas long as short
MEXC COPPER_USDT0.0000%4h6.8020+0.020%$27.0M$5.1M100xas long as short
Bitget COPPERUSDT0.0000%4h6.8040+0.050%$1.7M$1.0M100xas long as short
Variational Omni COPPER0.0000%4h6.7986−0.030%$739K$1.6Mas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT COPPER_USDT_Perp0.0000%4h6.8000−0.009%$90K$2.2M25xas long as short
SunX COPPER-USDT0.0000%4h6.8020+0.020%$7.7M20xas long as short
HTX COPPER-USDT0.0000%4h6.8050+0.065%$60K$28K75xas long as short
Phemex COPPERUSDT0.0000%4h6.7960−0.068%$4.2M$81K100xas long as short
gTrade (Gains Network) HG/USDL +0.0002% / S −0.0001%1h6.7991−0.022%$176K250xas long as short
BloFin COPPER-USDT+0.0020%4h6.7940−0.097%$87K$149K100xas long as short
Lighter XCU+0.0032%1h6.8090+0.123%$476K$45K20xas long as short
Extended XCU-USD+0.0040%1h6.7996−0.015%$231K$2.9M20xas long as short
Vest HG-PERP+0.0046%1h6.7983−0.034%$82K25xas long as short
Paradex XCU-USD-PERP+0.0050%8h6.8009+0.004%$1K$3K5xas long as short
SoDEX COPPER-USD+0.0050%1h6.7973−0.049%$900$3K20xas long as short
Ondo Perps COPPER-USD.P+0.0050%1h6.7936−0.103%$56K$55K15xas long as short
Kraken Futures PF_XCUUSD+0.0060%1h6.8011+0.007%$27K$171K20xas long as short
Pacifica COPPERlong+0.0100%1h6.8006long leg$23K$14K10x
KuCoin COPPERUSDTM+0.0100%4h6.8010+0.006%$258K$25K50xas long as short
Orderly PERP_COPPER_USDC_mythosshort+0.0100%8h6.8050+0.065%$3K10x
Aevo COPPER-PERP+0.0104%1h6.8001−0.008%$31110xas long as short
Phoenix COPPER+0.0329%1h6.7965−0.060%$45K$30K20xas long as short