Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.049%

Price spread now: Aevo against Bitget−0.056%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Aevo

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

Funding pays, the price is against you. Aevo is 0.056% cheaper against Bitget than usual: you would sell low and buy high (spread −0.056% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 43 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget COPPERUSDT	6.8310	0	get 0.0000% / 4h	1h 09m	$1.7M	$987K	100x
Short	Aevo COPPER-PERP	6.8272	0.0104	get 0.0013% / 1h	9m 17s	$312	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bitget. 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 BitgetbpFee AevobpOrdersPrice spread, now −0.056%Rate

Funding earned: $21.84
Price spread: −0.056% → 0.000%: −$5.63
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$11.79
Costs to cover: 0.280%
Break-even: 10.8 days

Slippage unknown: Bitget: live order book, 2 min ago; Aevo: 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 Bitget live order book, 2 min ago	0.73 bp	9.3 bp −$9	24.1 bp −$241	81.6 bp −$8,161	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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
BloFin COPPER-USDT	−0.0057%	4h	6.8290	−0.029%	$88K	$143K	100x	as long as short
QFEX COPPER-USD	0.0000%	1h	6.8280	−0.044%	$1.5M	$129K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8265	−0.066%	$32K	$21K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8280	−0.044%	$9.0M	$32.5M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8241	−0.101%	$471K	$949K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8090	−0.322%	$1.3M	$493K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8270	−0.059%	$26.1M	$4.2M	100x	as long as short
Bitget COPPERUSDTlong	0.0000%	4h	6.8310	long leg	$1.7M	$987K	100x
Variational Omni COPPER	0.0000%	4h	6.8282	−0.041%	$742K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8305	−0.007%	$94K	$2.1M	25x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX COPPER-USDT	0.0000%	4h	6.8280	−0.044%	—	$6.7M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8310	0.000%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8140	−0.249%	$4.2M	$76K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8241	−0.101%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0004%	4h	6.8278	−0.047%	$95K	$318K	20x	as long as short
Phoenix COPPER	+0.0012%	1h	6.8289	−0.031%	$45K	$23K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8240	−0.102%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8266	−0.064%	$2K	$2K	5x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8259	−0.075%	$10.5M	$4.8M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8253	−0.083%	$904	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8232	−0.114%	$57K	$55K	15x	as long as short
Lighter XCU	+0.0096%	1h	6.8382	+0.105%	$478K	$39K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8281	−0.043%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8260	−0.073%	$258K	$21K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8350	+0.059%	$3K	—	10x	as long as short
Aevo COPPER-PERPshort	+0.0104%	1h	6.8272	−0.056%	$312	—	10x
Kraken Futures PF_XCUUSD	+0.0195%	1h	6.8258	−0.077%	$32K	$176K	20x	as long as short
Extended XCU-USD	+0.0816%	1h	6.8244	−0.097%	$224K	$2.8M	20x	as long as short