Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.013%

Price spread now: HTX against SoDEX+0.051%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. HTX is 0.051% dearer against SoDEX than usual: you sell high and buy low (spread +0.051% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX COPPER-USD	6.8245	0.0050	pay 0.0006% / 1h	24m 43s	$904	$3K	20x
Short	HTX COPPER-USDT	6.8280	0	get 0.0000% / 4h	1h 24m	$61K	$24K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against SoDEX. 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 SoDEXbpFee HTXbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$10.5
Price spread: +0.051% → 0.000%: $5.13
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$25.37
Costs to cover: 0.200%
Break-even: never at this rate

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

SoDEX and HTX: 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
QFEX COPPER-USD	0.0000%	1h	6.8240	−0.007%	$1.5M	$129K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8271	+0.037%	$32K	$21K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8290	+0.066%	$9.1M	$32.4M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8236	−0.013%	$471K	$946K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8090	−0.227%	$1.3M	$491K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8280	+0.051%	$26.1M	$4.2M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8300	+0.081%	$1.7M	$984K	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8241	−0.006%	$743K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8270	+0.037%	$94K	$2.1M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8270	+0.037%	—	$6.7M	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-USDTshort	0.0000%	4h	6.8280	+0.051%	$61K	$24K	75x
Phemex COPPERUSDT	0.0000%	4h	6.8090	−0.227%	$4.2M	$75K	100x	as long as short
edgeX COPPERUSDC	0.0000%	4h	6.8228	−0.024%	$94K	$317K	20x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8251	+0.008%	$178K	—	250x	as long as short
Phoenix COPPER	+0.0012%	1h	6.8263	+0.026%	$45K	$23K	20x	as long as short
BloFin COPPER-USDT	+0.0031%	4h	6.8230	−0.022%	$88K	$143K	100x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8241	−0.006%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8242	−0.004%	$2K	$2K	5x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8250	+0.007%	$10.5M	$4.8M	20x	as long as short
SoDEX COPPER-USDlong	+0.0050%	1h	6.8245	long leg	$904	$3K	20x
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8138	−0.157%	$57K	$55K	15x	as long as short
Lighter XCU	+0.0072%	1h	6.8383	+0.202%	$478K	$39K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8267	+0.032%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8250	+0.007%	$259K	$21K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8330	+0.125%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8259	+0.021%	$312	—	10x	as long as short
Kraken Futures PF_XCUUSD	+0.0195%	1h	6.8263	+0.026%	$32K	$176K	20x	as long as short
Extended XCU-USD	+0.0656%	1h	6.8249	+0.006%	$227K	$2.8M	20x	as long as short