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

COPPER

RWAall COPPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%
Price spread now: Ondo Perps against Paradex−0.089%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · Ondo Perps: 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: Ondo Perps is 0.089% cheaper against Paradex than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex XCU-USD-PERP6.80640.0050pay 0.0050% / 8h7h 22m$1K$3K5x
ShortOndo Perps COPPER-USD.P6.80040.0050get 0.0006% / 1h22m 16s$57K$55K15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against Paradex. 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
$0.09
Price spread: −0.089% → 0.000%
−$8.87
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$17.79
Costs to cover
0.090%
Break-even
1461.2 days
Slippage unknown: Paradex: 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
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample
Sell Ondo Perps no order-book sample
Paradex 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_XCUUSD−0.0448%1h6.7991−0.108%$32K$179K20xas long as short
tradeXYZ xyz:COPPER−0.0007%1h6.7997−0.099%$10.4M$5.0M20xas long as short
Aster XCUUSDT0.0000%4h6.8041−0.034%$32K$36K50xas long as short
Binance COPPERUSDT0.0000%4h6.8047−0.026%$9.0M$33.4M100xas long as short
OKX XCU-USDT-SWAP0.0000%8h6.8062−0.003%$471K$981K50xas long as short
Gate XCU_USDT0.0000%8h6.7920−0.212%$1.3M$492K100xas long as short
MEXC COPPER_USDT0.0000%4h6.8040−0.036%$26.8M$4.9M100xas long as short
Bitget COPPERUSDT0.0000%4h6.8070+0.008%$1.7M$1.0M100xas long as short
Variational Omni COPPER0.0000%4h6.8044−0.030%$741K$1.5Mas long as short
GRVT COPPER_USDT_Perp0.0000%4h6.8077+0.018%$97K$2.1M25xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX COPPER-USDT0.0000%4h6.8060−0.006%$7.2M20xas long as short
HTX COPPER-USDT0.0000%4h6.8080+0.023%$60K$26K75xas long as short
Phemex COPPERUSDT0.0000%4h6.7910−0.227%$4.2M$77K100xas long as short
gTrade (Gains Network) HG/USDL +0.0002% / S −0.0001%1h6.8026−0.057%$177K250xas long as short
QFEX COPPER-USD+0.0004%1h6.8030−0.051%$1.5M$134K20xas long as short
edgeX COPPERUSDC+0.0007%4h6.8044−0.030%$94K$318K20xas long as short
Lighter XCU+0.0032%1h6.8146+0.120%$477K$45K20xas long as short
Vest HG-PERP+0.0046%1h6.8020−0.065%$82K25xas long as short
Paradex XCU-USD-PERPlong+0.0050%8h6.8064long leg$1K$3K5x
SoDEX COPPER-USD+0.0050%1h6.8029−0.052%$901$3K20xas long as short
Ondo Perps COPPER-USD.Pshort+0.0050%1h6.8004−0.089%$57K$55K15x
BloFin COPPER-USDT+0.0059%4h6.8060−0.006%$87K$149K100xas long as short
Pacifica COPPER+0.0100%1h6.8048−0.024%$23K$14K10xas long as short
KuCoin COPPERUSDTM+0.0100%4h6.8050−0.021%$258K$25K50xas long as short
Orderly PERP_COPPER_USDC_mythos+0.0100%8h6.8100+0.052%$3K10xas long as short
Aevo COPPER-PERP+0.0104%1h6.8037−0.040%$31110xas long as short
Phoenix COPPER+0.0118%1h6.8035−0.043%$45K$30K20xas long as short
Extended XCU-USD+0.0328%1h6.8028−0.054%$228K$2.9M20xas long as short