Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.030%

Price spread now: Bitget against Vest+0.043%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Bitget

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—+ Points / potential airdropVest: Active · farm boardneeds both histories

The price spread pays, funding is against you. Bitget is 0.043% dearer against Vest than usual: you sell high and buy low (spread +0.043% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest HG-PERP	6.8201	0.0046	pay 0.0006% / 1h	5m 14s	—	$82K	25x
Short	Bitget COPPERUSDT	6.8230	0	get 0.0000% / 4h	2h 05m	$2.9M	$2.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Vest. 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 VestbpFee BitgetbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$9.59
Price spread: +0.043% → 0.000%: $4.25
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$19.34
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Bitget: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Vest no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	0.73 bp	10.1 bp −$10	30.6 bp −$306	102.6 bp −$10.3K	doesn't fit

Vest: 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
Kraken Futures PF_XCUUSD	−0.0481%	1h	6.8225	+0.035%	$35K	$176K	20x	as long as short
QFEX COPPER-USD	−0.0001%	1h	6.8220	+0.028%	$1.5M	$130K	20x	as long as short
tradeXYZ xyz:COPPER	0.0000%	1h	6.8190	−0.016%	$10.6M	$5.0M	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8225	+0.035%	$32K	$27K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8230	+0.043%	$9.2M	$33.5M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8178	−0.034%	$498K	$973K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8080	−0.177%	$1.3M	$533K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8230	+0.043%	$26.7M	$4.9M	100x	as long as short
Bitget COPPERUSDTshort	0.0000%	4h	6.8230	+0.043%	$2.9M	$2.0M	100x
Variational Omni COPPER	0.0000%	4h	6.8243	+0.062%	$740K	$1.4M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8264	+0.093%	$95K	$2.3M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8230	+0.043%	—	$6.5M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8280	+0.116%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8180	−0.031%	$4.2M	$81K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8197	−0.006%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0017%	4h	6.8245	+0.064%	$95K	$319K	20x	as long as short
BloFin COPPER-USDT	+0.0021%	4h	6.8220	+0.028%	$87K	$139K	100x	as long as short
Phoenix COPPER	+0.0023%	1h	6.8223	+0.032%	$45K	$23K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8300	+0.145%	$477K	$40K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8204	+0.004%	$276K	$2.4M	20x	as long as short
Vest HG-PERPlong	+0.0046%	1h	6.8201	long leg	—	$82K	25x
Paradex XCU-USD-PERP	+0.0050%	8h	6.8212	+0.016%	$2K	$2K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8182	−0.028%	$903	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8274	+0.107%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8205	+0.006%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8220	+0.028%	$278K	$35K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8300	+0.145%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8223	+0.032%	$312	—	10x	as long as short