Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h +0.047%

Price spread now: Vest against BloFin−0.051%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 Vest

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—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.051% cheaper against BloFin than usual: you would sell low and buy high (spread −0.051% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 3.4 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	BloFin COPPER-USDT	6.8100	−0.0004	get 0.0002% / 4h	1h 38m	$88K	$138K	100x
Short	Vest HG-PERP	6.8065	0.0046	get 0.0006% / 1h	38m 38s	—	$82K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.051%Rate

Funding earned: $10.43
Price spread: −0.051% → 0.000%: −$5.14
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$8.71
Costs to cover: 0.140%
Break-even: 12.8 days

Slippage unknown: BloFin: live order book, 33 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 BloFin live order book, 33 min ago	1.47 bp	7.5 bp −$7	7.9 bp −$79	36.4 bp −$3,643	111.8 bp −$55.9K
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-USDTlong	−0.0004%	4h	6.8100	long leg	$88K	$138K	100x
Aster XCUUSDT	0.0000%	4h	6.8087	−0.019%	$32K	$27K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8087	−0.020%	$9.1M	$33.7M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8002	−0.144%	$496K	$969K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7940	−0.235%	$1.3M	$521K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8080	−0.029%	$26.3M	$4.9M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8060	−0.059%	$2.9M	$2.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8133	+0.049%	$735K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8150	+0.073%	$90K	$2.3M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8100	0.000%	—	$6.4M	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	6.8190	+0.132%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8090	−0.015%	$4.2M	$82K	100x	as long as short
edgeX COPPERUSDC	+0.0001%	4h	6.8115	+0.022%	$94K	$318K	20x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8056	−0.065%	$177K	—	250x	as long as short
QFEX COPPER-USD	+0.0003%	1h	6.8080	−0.029%	$1.5M	$130K	20x	as long as short
tradeXYZ xyz:COPPER	+0.0004%	1h	6.8016	−0.123%	$10.6M	$5.0M	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8044	−0.082%	$276K	$2.3M	20x	as long as short
Vest HG-PERPshort	+0.0046%	1h	6.8065	−0.051%	—	$82K	25x
Phoenix COPPER	+0.0047%	1h	6.8100	0.000%	$45K	$22K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8062	−0.056%	$1K	$2K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8046	−0.079%	$4K	$5K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8086	−0.021%	$57K	$55K	15x	as long as short
Lighter XCU	+0.0064%	1h	6.8163	+0.093%	$476K	$42K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8049	−0.075%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8090	−0.015%	$278K	$37K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8170	+0.103%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8096	−0.006%	$311	—	10x	as long as short
Kraken Futures PF_XCUUSD	+0.0108%	1h	6.8101	+0.001%	$34K	$176K	20x	as long as short