Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.028%

Price spread now: HTX against Aevo+0.038%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 HTX

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—needs both histories

The price spread pays, funding is against you. HTX is 0.038% dearer against Aevo than usual: you sell high and buy low (spread +0.038% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo COPPER-PERP	6.8164	0.0104	pay 0.0013% / 1h	51m 42s	$312	—	10x
Short	HTX COPPER-USDT	6.8190	0	get 0.0000% / 4h	1h 51m	$61K	$24K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$21.84
Price spread: +0.038% → 0.000%: $3.77
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee HTX: 6 bp × 2 orders: −$12
Net: −$46.07
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; HTX: no order-book sample. 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 HTX no order-book sample	—	—	—	—	—

Aevo and HTX: 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	6.8143	−0.032%	$32K	$27K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8130	−0.050%	$9.2M	$33.6M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8089	−0.111%	$497K	$971K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8040	−0.182%	$1.3M	$520K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8130	−0.050%	$26.6M	$4.7M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8120	−0.065%	$2.9M	$2.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8223	+0.086%	$736K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8239	+0.110%	$90K	$2.3M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8170	+0.008%	—	$6.5M	20x	as long as short
HTX COPPER-USDTshort	0.0000%	4h	6.8190	+0.038%	$61K	$24K	75x

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex COPPERUSDT	0.0000%	4h	6.8130	−0.050%	$4.2M	$82K	100x	as long as short
edgeX COPPERUSDC	+0.0001%	4h	6.8209	+0.066%	$95K	$318K	20x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8135	−0.043%	$178K	—	250x	as long as short
QFEX COPPER-USD	+0.0003%	1h	6.8170	+0.008%	$1.5M	$130K	20x	as long as short
BloFin COPPER-USDT	+0.0004%	4h	6.8170	+0.008%	$88K	$139K	100x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8125	−0.057%	$273K	$2.4M	20x	as long as short
tradeXYZ xyz:COPPER	+0.0034%	1h	6.8098	−0.097%	$10.6M	$5.0M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8138	−0.039%	—	$82K	25x	as long as short
Phoenix COPPER	+0.0047%	1h	6.8186	+0.032%	$45K	$22K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8114	−0.074%	$1K	$2K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8123	−0.061%	$902	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8207	+0.063%	$57K	$55K	15x	as long as short
Lighter XCU	+0.0072%	1h	6.8229	+0.095%	$477K	$41K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8120	−0.065%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8140	−0.036%	$278K	$37K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8250	+0.126%	$3K	—	10x	as long as short
Aevo COPPER-PERPlong	+0.0104%	1h	6.8164	long leg	$312	—	10x
Kraken Futures PF_XCUUSD	+0.0108%	1h	6.8145	−0.029%	$34K	$176K	20x	as long as short