Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.040%

Price spread now: SoDEX against Bitget−0.047%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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. SoDEX is 0.047% cheaper against Bitget than usual: you would sell low and buy high (spread −0.047% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 3.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget COPPERUSDT	6.7960	0	get 0.0000% / 4h	1h 45m	$1.7M	$1.0M	100x
Short	SoDEX COPPER-USD	6.7928	0.0050	get 0.0006% / 1h	45m 57s	$900	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.047%Rate

Funding earned: $10.5
Price spread: −0.047% → 0.000%: −$4.71
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$14.21
Costs to cover: 0.200%
Break-even: 16.5 days

Slippage unknown: Bitget: live order book, 1 min ago; SoDEX: 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, 1 min ago	0.74 bp	11.0 bp −$11	21.1 bp −$211	88.9 bp −$8,889	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.0043%	4h	6.7940	−0.029%	$87K	$149K	100x	as long as short
tradeXYZ xyz:COPPER	−0.0019%	1h	6.7929	−0.046%	$10.4M	$5.8M	20x	as long as short
QFEX COPPER-USD	−0.0015%	1h	6.7950	−0.015%	$1.5M	$135K	20x	as long as short
edgeX COPPERUSDC	−0.0002%	4h	6.7945	−0.022%	$93K	$317K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.7957	−0.004%	$32K	$52K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.7970	+0.015%	$8.9M	$34.6M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.7886	−0.109%	$466K	$1.2M	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7810	−0.221%	$1.3M	$499K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.7960	0.000%	$27.0M	$5.1M	100x	as long as short
Bitget COPPERUSDTlong	0.0000%	4h	6.7960	long leg	$1.7M	$1.0M	100x

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni COPPER	0.0000%	4h	6.7939	−0.031%	$735K	$1.6M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.7950	−0.015%	$90K	$2.2M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.7970	+0.015%	—	$7.7M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.7990	+0.044%	$60K	$28K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.7940	−0.029%	$4.2M	$81K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.7938	−0.033%	$176K	—	10x	as long as short
Lighter XCU	+0.0032%	1h	6.8030	+0.103%	$476K	$45K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.7925	−0.052%	$229K	$2.9M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.7928	−0.047%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.7960	+0.001%	$1K	$3K	5x	as long as short
SoDEX COPPER-USDshort	+0.0050%	1h	6.7928	−0.047%	$900	$3K	20x
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.7989	+0.043%	$56K	$32K	15x	as long as short
Kraken Futures PF_XCUUSD	+0.0060%	1h	6.7961	+0.001%	$26K	$176K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.7962	+0.003%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.7950	−0.015%	$258K	$26K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8000	+0.059%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.7966	+0.009%	$311	—	10x	as long as short
Phoenix COPPER	+0.0329%	1h	6.7942	−0.026%	$45K	$30K	20x	as long as short