Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.052%

Price spread now: MEXC against Aevo+0.023%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 MEXC

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. MEXC is 0.023% dearer against Aevo than usual: you sell high and buy low (spread +0.023% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo COPPER-PERP	6.8434	0.0104	pay 0.0013% / 1h	47m 01s	$313	—	10x
Short	MEXC COPPER_USDT	6.8450	0	get 0.0000% / 4h	1h 47m	$26.3M	$5.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$21.84
Price spread: +0.023% → 0.000%: $2.28
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee MEXC: 0 bp × 2 orders: $0
Net: −$35.56
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; MEXC: live order book, 5 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 MEXC live order book, 5 min ago	0.73 bp	0.7 bp −$1	2.2 bp −$22	8.4 bp −$836	236.9 bp −$118.4K

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 exchanges

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	6.8464	+0.043%	$35K	$31K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8457	+0.032%	$9.0M	$32.0M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8394	−0.059%	$508K	$800K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8320	−0.167%	$1.3M	$181K	100x	as long as short
MEXC COPPER_USDTshort	0.0000%	4h	6.8450	+0.023%	$26.3M	$5.5M	100x
Bitget COPPERUSDT	0.0000%	4h	6.8440	+0.008%	$3.6M	$1.9M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8508	+0.107%	$775K	$538K	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8491	+0.083%	$92K	$2.3M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8450	+0.023%	—	$4.8M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8540	+0.154%	$61K	$71K	75x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex COPPERUSDT	0.0000%	4h	6.8390	−0.065%	$4.2M	$82K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8425	−0.014%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0007%	4h	6.8492	+0.084%	$95K	$320K	20x	as long as short
QFEX COPPER-USD	+0.0011%	1h	6.8430	−0.006%	$1.5M	$150K	20x	as long as short
BloFin XCU-USDT	+0.0013%	8h	6.8404	−0.044%	$49K	$302K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8540	+0.154%	$480K	$25K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8430	−0.006%	$271K	$1.7M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8420	−0.021%	—	$36K	25x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8420	−0.021%	$10.8M	$3.8M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8424	−0.015%	$906	$6K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8425	−0.013%	$2K	$825	5x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8531	+0.141%	$59K	$52K	15x	as long as short
Phoenix COPPER	+0.0093%	1h	6.8474	+0.058%	$44K	$18K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8430	−0.006%	$24K	$13K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8460	+0.037%	$267K	$39K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8520	+0.125%	$3K	—	10x	as long as short
Aevo COPPER-PERPlong	+0.0104%	1h	6.8434	long leg	$313	—	10x
Kraken Futures PF_XCUUSD	+0.0337%	1h	6.8422	−0.019%	$34K	$180K	20x	as long as short