Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h −0.072%

Price spread now: edgeX against Vest+0.067%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 edgeX

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 · edgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. edgeX is 0.067% dearer against Vest than usual: you sell high and buy low (spread +0.067% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest HG-PERP	6.8101	0.0046	pay 0.0006% / 1h	46m 42s	—	$82K	25x
Short	edgeX COPPERUSDC	6.8146	0.0015	get 0.0008% / 4h	1h 46m	$94K	$319K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.067%Rate

Funding earned: −$6.38
Price spread: +0.067% → 0.000%: $6.67
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$10.71
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; edgeX: live order book, 16 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 edgeX live order book, 16 min ago	7.33 bp	12.9 bp −$13	24.1 bp −$241	doesn't fit	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
BloFin XCU-USDT	−0.0021%	8h	6.8114	+0.019%	—	$267K	20x	as long as short
QFEX COPPER-USD	0.0000%	1h	6.8120	+0.028%	$1.5M	$129K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8105	+0.005%	$32K	$21K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8084	−0.025%	$9.0M	$32.4M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8068	−0.048%	$472K	$938K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7980	−0.178%	$1.3M	$478K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8080	−0.031%	$26.0M	$4.2M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8100	−0.001%	$1.7M	$999K	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8132	+0.045%	$742K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8154	+0.078%	$95K	$2.0M	25x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX COPPER-USDT	0.0000%	4h	6.8130	+0.043%	—	$6.7M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8180	+0.116%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.7980	−0.178%	$4.2M	$75K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8100	−0.001%	$178K	—	250x	as long as short
Phoenix COPPER	+0.0012%	1h	6.8126	+0.037%	$45K	$23K	20x	as long as short
edgeX COPPERUSDCshort	+0.0015%	4h	6.8146	+0.067%	$94K	$319K	20x
Vest HG-PERPlong	+0.0046%	1h	6.8101	long leg	—	$82K	25x
Paradex XCU-USD-PERP	+0.0050%	8h	6.8113	+0.018%	$1K	$2K	5x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8059	−0.062%	$10.4M	$4.8M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8106	+0.007%	$902	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8095	−0.009%	$57K	$55K	15x	as long as short
Lighter XCU	+0.0080%	1h	6.8180	+0.116%	$477K	$39K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8060	−0.060%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8090	−0.016%	$258K	$21K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8200	+0.145%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8129	+0.041%	$311	—	10x	as long as short
Kraken Futures PF_XCUUSD	+0.0195%	1h	6.8133	+0.047%	$32K	$176K	20x	as long as short
Extended XCU-USD	+0.0520%	1h	6.8067	−0.050%	$224K	$2.8M	20x	as long as short