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

COPPER

RWAall COPPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%
Price spread now: Binance against Variational Omni+0.024%7-day average +0.011% · 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 3 days (all we have)−0.009%−$1 on $10k
Price spread, last 2 days (all we have)+0.001%$0 · spread now +0.024%, 7d avg +0.011%
Together, before fees−0.008%+ Points / potential airdropVariational Omni: Active · farm board−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni COPPER6.81540get 0.0000% / 4h1h 54m$742K$1.4M
ShortBinance COPPERUSDT6.81700get 0.0000% / 4h1h 54m$9.1M$32.4M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. 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: +0.024% → +0.011%
$1.26
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Binance: 5 bp × 2 orders
−$10
Net
−$8.74
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Binance: live order book, 2 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 Variational Omni RFQ quote, 4 min ago2.97 bpdoesn't fit10.4 bp −$104doesn't fitdoesn't fit
Sell Binance live order book, 2 min ago0.73 bp7.7 bp −$813.0 bp −$13084.5 bp −$8,454doesn't fit

COPPER on 27 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
QFEX COPPER-USD0.0000%1h6.8130−0.035%$1.5M$129K20xas long as short
Aster XCUUSDT0.0000%4h6.8172+0.027%$32K$21K50xas long as short
Binance COPPERUSDTshort0.0000%4h6.8170+0.024%$9.1M$32.4M100x
OKX XCU-USDT-SWAP0.0000%8h6.8107−0.069%$474K$935K50xas long as short
Gate XCU_USDT0.0000%8h6.8020−0.196%$1.3M$478K100xas long as short
MEXC COPPER_USDT0.0000%4h6.8150−0.006%$26.0M$4.2M100xas long as short
Bitget COPPERUSDT0.0000%4h6.8180+0.039%$1.7M$1.0M100xas long as short
Variational Omni COPPERlong0.0000%4h6.8154long leg$742K$1.4M
GRVT COPPER_USDT_Perp0.0000%4h6.8181+0.040%$88K$2.0M25xas long as short
SunX COPPER-USDT0.0000%4h6.8140−0.020%$6.8M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX COPPER-USDT0.0000%4h6.8180+0.039%$61K$25K75xas long as short
Phemex COPPERUSDT0.0000%4h6.7980−0.255%$4.2M$75K100xas long as short
gTrade (Gains Network) HG/USDL +0.0002% / S −0.0001%1h6.8103−0.074%$178K250xas long as short
edgeX COPPERUSDC+0.0014%4h6.8151−0.005%$94K$317K20xas long as short
Lighter XCU+0.0032%1h6.8236+0.121%$477K$39K20xas long as short
Phoenix COPPER+0.0035%1h6.81540.000%$45K$23K20xas long as short
Vest HG-PERP+0.0046%1h6.8106−0.070%$82K25xas long as short
Paradex XCU-USD-PERP+0.0050%8h6.8128−0.038%$1K$2K5xas long as short
tradeXYZ xyz:COPPER+0.0050%1h6.8125−0.042%$10.4M$4.8M20xas long as short
SoDEX COPPER-USD+0.0050%1h6.8113−0.060%$902$3K20xas long as short
Ondo Perps COPPER-USD.P+0.0050%1h6.8107−0.069%$57K$55K15xas long as short
Pacifica COPPER+0.0100%1h6.8115−0.056%$23K$14K10xas long as short
KuCoin COPPERUSDTM+0.0100%4h6.8150−0.006%$258K$20K50xas long as short
Orderly PERP_COPPER_USDC_mythos+0.0100%8h6.8190+0.053%$3K10xas long as short
Aevo COPPER-PERP+0.0104%1h6.8125−0.042%$31110xas long as short
Kraken Futures PF_XCUUSD+0.0195%1h6.8129−0.037%$32K$176K20xas long as short
Extended XCU-USD+0.0424%1h6.8132−0.032%$224K$2.8M20xas long as short