Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0031%/8h= +3.3% APRpaid last 24h +0.025%

Price spread now: SoDEX against BloFin−0.069%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on SoDEX

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—needs both histories

Funding pays, the price is against you. SoDEX is 0.069% cheaper against BloFin than usual: you would sell low and buy high (spread −0.069% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 7.5 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	BloFin COPPER-USDT	6.8320	0.0019	pay 0.0010% / 4h	2h 55m	$88K	$153K	100x
Short	SoDEX COPPER-USD	6.8273	0.0050	get 0.0006% / 1h	55m 09s	$904	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against BloFin. 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 BloFinbpFee SoDEXbpOrdersPrice spread, now −0.069%Rate

Funding earned: $6.42
Price spread: −0.069% → 0.000%: −$6.88
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$20.46
Costs to cover: 0.200%
Break-even: 29.3 days

Slippage unknown: BloFin: live order book, 61 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 BloFin live order book, 61 min ago	0.73 bp	8.0 bp −$8	11.7 bp −$117	35.0 bp −$3,500	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
Aster XCUUSDT	0.0000%	4h	6.8315	−0.007%	$32K	$28K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8320	0.000%	$9.0M	$33.4M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8272	−0.070%	$499K	$890K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8190	−0.190%	$1.3M	$183K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8320	0.000%	$26.0M	$5.5M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8300	−0.029%	$2.9M	$1.6M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8382	+0.090%	$765K	$1.3M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8399	+0.116%	$91K	$2.4M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8330	+0.015%	—	$5.4M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8420	+0.146%	$61K	$54K	75x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex COPPERUSDT	0.0000%	4h	6.8230	−0.132%	$4.2M	$82K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8323	+0.004%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0007%	4h	6.8379	+0.086%	$95K	$318K	20x	as long as short
BloFin COPPER-USDTlong	+0.0019%	4h	6.8320	long leg	$88K	$153K	100x
QFEX COPPER-USD	+0.0020%	1h	6.8330	+0.015%	$1.5M	$144K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8287	−0.048%	$273K	$1.7M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8306	−0.020%	—	$36K	25x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8255	−0.095%	$10.8M	$4.1M	20x	as long as short
SoDEX COPPER-USDshort	+0.0050%	1h	6.8273	−0.069%	$904	$6K	20x
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8350	+0.044%	$57K	$55K	15x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8304	−0.023%	$2K	$1K	5x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8317	−0.004%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8320	0.000%	$266K	$39K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8400	+0.117%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8310	−0.014%	$312	—	10x	as long as short
Phoenix COPPER	+0.0129%	1h	6.8365	+0.066%	$45K	$17K	20x	as long as short
Lighter XCU	+0.0144%	1h	6.8427	+0.157%	$479K	$23K	20x	as long as short
Kraken Futures PF_XCUUSD	+0.0330%	1h	6.8314	−0.009%	$34K	$178K	20x	as long as short