Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.029%

Price spread now: Vest against Aster−0.051%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · Vest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.051% cheaper against Aster than usual: you would sell low and buy high (spread −0.051% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 3.7 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XCUUSDT	6.8479	0	get 0.0000% / 4h	1h 47m	$35K	$31K	50x
Short	Vest HG-PERP	6.8444	0.0046	get 0.0006% / 1h	47m 47s	—	$36K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Aster. 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 AsterbpFee VestbpOrdersPrice spread, now −0.051%Rate

Funding earned: $9.59
Price spread: −0.051% → 0.000%: −$5.06
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Vest: 1 bp × 2 orders: −$2
Net: −$5.47
Costs to cover: 0.100%
Break-even: 11.0 days

Slippage unknown: Aster: no order-book sample; Vest: 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 Aster no order-book sample	—	—	—	—	—
Sell Vest no order-book sample	—	—	—	—	—

Aster and 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 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
BloFin XCU-USDT	−0.0002%	8h	6.8423	−0.081%	$49K	$302K	20x	as long as short
Aster XCUUSDTlong	0.0000%	4h	6.8479	long leg	$35K	$31K	50x
Binance COPPERUSDT	0.0000%	4h	6.8450	−0.042%	$9.0M	$32.0M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8420	−0.086%	$508K	$800K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8330	−0.217%	$1.3M	$181K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8470	−0.013%	$26.3M	$5.5M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8450	−0.042%	$3.6M	$1.9M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8508	+0.042%	$775K	$538K	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8514	+0.052%	$92K	$2.3M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8470	−0.013%	—	$4.8M	20x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX COPPER-USDT	0.0000%	4h	6.8540	+0.090%	$61K	$71K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8380	−0.144%	$4.2M	$82K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8439	−0.058%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0007%	4h	6.8492	+0.019%	$95K	$320K	20x	as long as short
QFEX COPPER-USD	+0.0011%	1h	6.8450	−0.042%	$1.5M	$150K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8535	+0.082%	$480K	$25K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8446	−0.048%	$271K	$1.7M	20x	as long as short
Vest HG-PERPshort	+0.0046%	1h	6.8444	−0.051%	—	$36K	25x
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8415	−0.093%	$10.8M	$3.8M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8448	−0.045%	$906	$6K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8448	−0.045%	$2K	$825	5x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8531	+0.076%	$59K	$52K	15x	as long as short
Phoenix COPPER	+0.0093%	1h	6.8474	−0.007%	$44K	$18K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8453	−0.037%	$24K	$13K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8480	+0.002%	$267K	$39K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8540	+0.090%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8459	−0.029%	$313	—	10x	as long as short
Kraken Futures PF_XCUUSD	+0.0337%	1h	6.8452	−0.039%	$34K	$180K	20x	as long as short