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

COPPER

RWAall COPPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0001%/8h= +0.2% APRpaid last 24h 0.000%
Price spread now: gTrade (Gains Network) against SunX−0.053%7-day average +0.027% · 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 1 day (all we have)0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.091%+$9 · spread now −0.053%, 7d avg +0.027%
Together, before fees+0.092%+$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: gTrade (Gains Network) is 0.080% cheaper against SunX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.027%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX COPPER-USDT6.83000get 0.0000% / 4h1h 01m$6.7M20x
ShortgTrade (Gains Network) HG/USD6.8263L +0.0002% / S −0.0001%get 0.0000% / 1h1m 06s$178K250x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
$0.3
Price spread: −0.053% → +0.027%
−$8.02
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$25.72
Costs to cover
0.180%
Break-even
599.2 days
Slippage unknown: SunX: live order book, 8 min ago; gTrade (Gains Network): virtual book (oracle venue), 28 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, 8 min ago46.12 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 28 min ago130.01 bp213.6 bp −$2141617.5 bp −$16.2Kdoesn'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 COPPER-USDT−0.0001%4h6.8290−0.015%$88K$143K100xas long as short
QFEX COPPER-USD0.0000%1h6.8290−0.015%$1.5M$129K20xas long as short
Aster XCUUSDT0.0000%4h6.8288−0.018%$32K$21K50xas long as short
Binance COPPERUSDT0.0000%4h6.8310+0.015%$9.0M$32.5M100xas long as short
OKX XCU-USDT-SWAP0.0000%8h6.8238−0.091%$471K$946K50xas long as short
Gate XCU_USDT0.0000%8h6.8100−0.293%$1.3M$493K100xas long as short
MEXC COPPER_USDT0.0000%4h6.83000.000%$26.0M$4.2M100xas long as short
Bitget COPPERUSDT0.0000%4h6.8310+0.015%$1.7M$986K100xas long as short
Variational Omni COPPER0.0000%4h6.8291−0.013%$743K$1.4Mas long as short
GRVT COPPER_USDT_Perp0.0000%4h6.8299−0.001%$86K$2.1M25xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX COPPER-USDTlong0.0000%4h6.8300long leg$6.7M20x
HTX COPPER-USDT0.0000%4h6.83000.000%$61K$24K75xas long as short
Phemex COPPERUSDT0.0000%4h6.8150−0.220%$4.2M$76K100xas long as short
gTrade (Gains Network) HG/USDshortL +0.0002% / S −0.0001%1h6.8263−0.053%$178K250x
Phoenix COPPER+0.0012%1h6.8301+0.001%$45K$23K20xas long as short
edgeX COPPERUSDC+0.0018%4h6.8295−0.007%$95K$319K20xas long as short
Vest HG-PERP+0.0046%1h6.8256−0.064%$82K25xas long as short
Paradex XCU-USD-PERP+0.0050%8h6.8277−0.034%$2K$2K5xas long as short
tradeXYZ xyz:COPPER+0.0050%1h6.8277−0.034%$10.5M$4.8M20xas long as short
SoDEX COPPER-USD+0.0050%1h6.8272−0.041%$904$3K20xas long as short
Ondo Perps COPPER-USD.P+0.0050%1h6.8296−0.006%$57K$55K15xas long as short
Lighter XCU+0.0088%1h6.8381+0.119%$478K$39K20xas long as short
Pacifica COPPER+0.0100%1h6.8297−0.005%$23K$14K10xas long as short
KuCoin COPPERUSDTM+0.0100%4h6.8290−0.015%$258K$21K50xas long as short
Orderly PERP_COPPER_USDC_mythos+0.0100%8h6.8360+0.088%$3K10xas long as short
Aevo COPPER-PERP+0.0104%1h6.8281−0.028%$31210xas long as short
Kraken Futures PF_XCUUSD+0.0195%1h6.8274−0.038%$35K$178K20xas long as short
Extended XCU-USD+0.0840%1h6.8266−0.050%$224K$2.8M20xas long as short