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

COPPER

RWAall COPPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC−0.0029%/8hpaid last 24h −0.019%
Price spread now: BloFin against SunX−0.090%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 7 days−0.021%−$2 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.090% cheaper against SunX than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX COPPER-USDT6.78700get 0.0000% / 4h4m 28s$7.9M20x
ShortBloFin XCU-USDT6.7809−0.0029pay 0.0029% / 8h4h 04m$45K$262K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against SunX. 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
−$6.1
Price spread: −0.090% → 0.000%
−$8.99
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$35.08
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 9 min ago; BloFin: live order book, 23 min ago. 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 SunX live order book, 9 min ago46.39 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 23 min ago0.15 bp7.5 bp −$7doesn't fitdoesn't fitdoesn't fit

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
BloFin XCU-USDTshort−0.0029%8h6.7809−0.090%$45K$262K20x
edgeX COPPERUSDC−0.0004%4h6.7880+0.015%$93K$316K20xas long as short
Aster XCUUSDT0.0000%4h6.7892+0.032%$32K$52K50xas long as short
Binance COPPERUSDT0.0000%4h6.7888+0.026%$9.0M$34.8M100xas long as short
OKX XCU-USDT-SWAP0.0000%8h6.7816−0.080%$473K$1.2M50xas long as short
Gate XCU_USDT0.0000%8h6.7770−0.147%$1.3M$520K100xas long as short
MEXC COPPER_USDT0.0000%4h6.7880+0.015%$25.6M$4.1M100xas long as short
Variational Omni COPPER0.0000%4h6.7875+0.007%$750K$1.6Mas long as short
GRVT COPPER_USDT_Perp0.0000%4h6.7890+0.029%$87K$2.1M25xas long as short
SunX COPPER-USDTlong0.0000%4h6.7870long leg$7.9M20x
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX COPPER-USDT0.0000%4h6.7900+0.044%$60K$28K75xas long as short
Phemex COPPERUSDT0.0000%4h6.7860−0.015%$4.2M$81K100xas long as short
gTrade (Gains Network) HG/USDL +0.0002% / S −0.0001%1h6.7836−0.050%$176K250xas long as short
QFEX COPPER-USD+0.0014%1h6.7890+0.029%$1.5M$135K20xas long as short
Phoenix COPPER+0.0024%1h6.7900+0.044%$45K$30K20xas long as short
Extended XCU-USD+0.0032%1h6.7845−0.037%$235K$2.9M20xas long as short
Vest HG-PERP+0.0046%1h6.7832−0.056%$82K25xas long as short
tradeXYZ xyz:COPPER+0.0050%1h6.7858−0.018%$10.4M$5.9M20xas long as short
SoDEX COPPER-USD+0.0050%1h6.7839−0.046%$898$3K20xas long as short
Ondo Perps COPPER-USD.P+0.0050%1h6.7860−0.015%$62K$24K15xas long as short
Paradex XCU-USD-PERP+0.0051%8h6.7868−0.003%$1K$3K5xas long as short
Kraken Futures PF_XCUUSD+0.0095%1h6.7887+0.026%$26K$209K20xas long as short
Pacifica COPPER+0.0100%1h6.7887+0.026%$25K$13K10xas long as short
KuCoin COPPERUSDTM+0.0100%4h6.7850−0.029%$258K$25K50xas long as short
Orderly PERP_COPPER_USDC_mythos+0.0100%8h6.7970+0.147%$3K10xas long as short
Aevo COPPER-PERP+0.0104%1h6.7878+0.012%$31010xas long as short
Bitget COPPERUSDT+0.0110%4h6.7890+0.029%$1.7M$1.0M100xas long as short
Lighter XCU+0.0176%1h6.7976+0.156%$476K$46K20xas long as short