Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.054%

Price spread now: Vest against Binance−0.032%7-day average — · you buy dearer than you sell

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

Long on Binance 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 airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.032% cheaper against Binance than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.4 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	Binance COPPERUSDT	6.8310	0	get 0.0000% / 4h	10m 13s	$9.0M	$33.5M	100x
Short	Vest HG-PERP	6.8288	0.0046	get 0.0006% / 1h	10m 13s	—	$82K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Binance. 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 BinancebpFee VestbpOrdersPrice spread, now −0.032%Rate

Funding earned: $9.59
Price spread: −0.032% → 0.000%: −$3.22
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: −$5.63
Costs to cover: 0.120%
Break-even: 11.1 days

Slippage unknown: Binance: live order book, 1 min ago; 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 Binance live order book, 1 min ago	0.73 bp	6.1 bp −$6	10.2 bp −$102	49.1 bp −$4,907	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

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 COPPER-USDT	−0.0032%	4h	6.8320	+0.015%	$89K	$149K	100x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8320	+0.015%	$32K	$28K	50x	as long as short
Binance COPPERUSDTlong	0.0000%	4h	6.8310	long leg	$9.0M	$33.5M	100x
OKX XCU-USDT-SWAP	0.0000%	8h	6.8240	−0.102%	$496K	$975K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8150	−0.234%	$1.3M	$529K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8310	0.000%	$26.7M	$5.3M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8300	−0.015%	$2.9M	$1.7M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8286	−0.034%	$766K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8320	+0.015%	$94K	$2.4M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8300	−0.015%	—	$6.1M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX COPPER-USDT	0.0000%	4h	6.8330	+0.029%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8190	−0.176%	$4.2M	$83K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8290	−0.029%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0003%	4h	6.8215	−0.138%	$95K	$320K	20x	as long as short
QFEX COPPER-USD	+0.0017%	1h	6.8310	0.000%	$1.5M	$137K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8289	−0.031%	$274K	$2.0M	20x	as long as short
Vest HG-PERPshort	+0.0046%	1h	6.8288	−0.032%	—	$82K	25x
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8265	−0.066%	$10.6M	$5.0M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8267	−0.063%	$4K	$5K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8272	−0.055%	$2K	$1K	5x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8247	−0.092%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8272	−0.055%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8300	−0.015%	$278K	$36K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8370	+0.088%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8304	−0.009%	$312	—	10x	as long as short
Phoenix COPPER	+0.0106%	1h	6.8275	−0.051%	$45K	$22K	20x	as long as short
Lighter XCU	+0.0160%	1h	6.8404	+0.138%	$479K	$27K	20x	as long as short
Kraken Futures PF_XCUUSD	+0.0358%	1h	6.8263	−0.069%	$34K	$178K	20x	as long as short