Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0087%/8h= −9.5% APRpaid last 24h −0.071%

Price spread now: edgeX against Aevo+0.078%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. edgeX is 0.078% dearer against Aevo than usual: you sell high and buy low (spread +0.078% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo COPPER-PERP	6.8065	0.0104	pay 0.0013% / 1h	19m 09s	$311	—	10x
Short	edgeX COPPERUSDC	6.8119	0.0017	get 0.0009% / 4h	1h 19m	$94K	$318K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Aevo. 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 AevobpFee edgeXbpOrdersPrice spread, now +0.078%Rate

Funding earned: −$18.27
Price spread: +0.078% → 0.000%: $7.81
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$35.46
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; edgeX: live order book, 24 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 Aevo no order-book sample	—	—	—	—	—
Sell edgeX live order book, 24 min ago	7.34 bp	13.0 bp −$13	24.6 bp −$246	doesn't fit	doesn't fit

Aevo: 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
Aster XCUUSDT	0.0000%	4h	6.8079	+0.020%	$32K	$27K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8080	+0.022%	$9.0M	$33.9M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8049	−0.024%	$486K	$989K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7940	−0.184%	$1.3M	$523K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8070	+0.007%	$26.2M	$5.0M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8090	+0.036%	$2.9M	$2.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8103	+0.055%	$748K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8133	+0.099%	$88K	$2.4M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8080	+0.022%	—	$6.4M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8120	+0.080%	$61K	$24K	75x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex COPPERUSDT	0.0000%	4h	6.8080	+0.022%	$4.2M	$82K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8064	−0.003%	$177K	—	250x	as long as short
QFEX COPPER-USD	+0.0003%	1h	6.8080	+0.022%	$1.5M	$128K	20x	as long as short
edgeX COPPERUSDCshort	+0.0017%	4h	6.8119	+0.078%	$94K	$318K	20x
tradeXYZ xyz:COPPER	+0.0023%	1h	6.8047	−0.027%	$10.6M	$5.0M	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8042	−0.035%	$275K	$2.3M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8044	−0.031%	—	$82K	25x	as long as short
Phoenix COPPER	+0.0047%	1h	6.8085	+0.029%	$45K	$22K	20x	as long as short
BloFin COPPER-USDT	+0.0048%	4h	6.8070	+0.007%	$88K	$139K	100x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8055	−0.015%	$1K	$2K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8041	−0.036%	$4K	$5K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8072	+0.010%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8040	−0.038%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8110	+0.066%	$278K	$37K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8140	+0.110%	$3K	—	10x	as long as short
Lighter XCU	+0.0104%	1h	6.8192	+0.186%	$477K	$42K	20x	as long as short
Aevo COPPER-PERPlong	+0.0104%	1h	6.8065	long leg	$311	—	10x
Kraken Futures PF_XCUUSD	+0.0108%	1h	6.8082	+0.024%	$34K	$176K	20x	as long as short