Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0110%/8hpaid last 24h +0.033%

Price spread now: Gate against Bitget−0.191%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$650.646% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.247%+$25 on $10k

Price spread, last 7 days+0.147%+$15 · spread now −0.191%, 7d avg −0.075%

Together, before fees+0.395%+$39 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.116% cheaper against Bitget than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.075%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.247%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget COPPERUSDT	6.7890	0.0110	pay 0.0055% / 4h	7m 19s	$1.7M	$1.0M	100x
Short	Gate XCU_USDT	6.7760	0	get 0.0000% / 8h	4h 07m	$1.3M	$520K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.191%Rate

Funding earned: −$23.1
Price spread: −0.191% → −0.075%: −$11.65
Slippage, 4 orders: −$37.61
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$99.36
Costs to cover: 0.646%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Gate: live order book, 4 min ago.

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, 4 min ago	0.74 bp	10.0 bp −$10	24.4 bp −$244	89.3 bp −$8,935	doesn't fit
Sell Gate live order book, 4 min ago	2.21 bp	19.4 bp −$19	255.5 bp −$2,555	doesn't fit	doesn't fit

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 XCU-USDT	−0.0010%	8h	6.7817	−0.108%	$51K	$262K	20x	as long as short
edgeX COPPERUSDC	−0.0004%	4h	6.7880	−0.015%	$93K	$316K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.7875	−0.023%	$32K	$52K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.7880	−0.015%	$8.9M	$34.8M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.7811	−0.116%	$473K	$1.2M	50x	as long as short
Gate XCU_USDTshort	0.0000%	8h	6.7760	−0.191%	$1.3M	$520K	100x
MEXC COPPER_USDT	0.0000%	4h	6.7870	−0.029%	$25.6M	$4.1M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.7895	+0.007%	$753K	$1.6M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.7920	+0.044%	$91K	$2.1M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.7880	−0.015%	—	$7.9M	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	6.7900	+0.015%	$60K	$28K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.7880	−0.015%	$4.2M	$81K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.7819	−0.105%	$176K	—	250x	as long as short
QFEX COPPER-USD	+0.0014%	1h	6.7880	−0.015%	$1.5M	$135K	20x	as long as short
Phoenix COPPER	+0.0024%	1h	6.7900	+0.015%	$45K	$30K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.7826	−0.094%	$235K	$2.9M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.7816	−0.109%	—	$82K	25x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.7849	−0.060%	$10.4M	$5.9M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.7855	−0.052%	$899	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.7831	−0.087%	$62K	$24K	15x	as long as short
Paradex XCU-USD-PERP	+0.0051%	8h	6.7851	−0.057%	$1K	$3K	5x	as long as short
Kraken Futures PF_XCUUSD	+0.0095%	1h	6.7887	−0.004%	$26K	$209K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.7869	−0.031%	$25K	$13K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.7830	−0.088%	$258K	$25K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.7960	+0.103%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.7883	−0.011%	$310	—	10x	as long as short
Bitget COPPERUSDTlong	+0.0110%	4h	6.7890	long leg	$1.7M	$1.0M	100x
Lighter XCU	+0.0176%	1h	6.7955	+0.096%	$476K	$46K	20x	as long as short