Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0062%/8h= +6.7% APRpaid last 24h +0.071%

Price spread now: Ondo Perps against edgeX−0.061%54s7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.286%+$29 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · Ondo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Ondo Perps is 0.061% cheaper against edgeX than usual: you would sell low and buy high (spread −0.061% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 3.3 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.286% in total) that is about 36 hours. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX COPPERUSDC	6.7995	−0.0011	get 0.0006% / 4h	14m 37s	$93K	$319K	20x
Short	Ondo Perps COPPER-USD.P	6.7953	0.0050	get 0.0006% / 1h	14m 37s	$56K	$55K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against edgeX. 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 edgeXbpFee Ondo PerpsbpOrdersPrice spread, now −0.061%Rate

Funding earned: $12.92
Price spread: −0.061% → 0.000%: −$6.14
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$7.22
Costs to cover: 0.140%
Break-even: 10.9 days

Slippage unknown: edgeX: live order book, 64 min ago; Ondo Perps: 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 edgeX live order book, 64 min ago	7.36 bp	13.0 bp −$13	24.4 bp −$244	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
edgeX COPPERUSDClong	−0.0011%	4h	6.7995	long leg	$93K	$319K	20x
Aster XCUUSDT	0.0000%	4h	6.8010	+0.022%	$32K	$36K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8010	+0.022%	$9.0M	$34.2M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.7975	−0.029%	$467K	$1.2M	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7870	−0.183%	$1.3M	$493K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8010	+0.022%	$26.9M	$4.9M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8020	+0.037%	$1.7M	$1.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.7995	+0.001%	$739K	$1.6M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8007	+0.019%	$90K	$2.1M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8010	+0.022%	—	$7.5M	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	6.8030	+0.052%	$60K	$27K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.7950	−0.066%	$4.2M	$79K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.7970	−0.036%	$176K	—	250x	as long as short
QFEX COPPER-USD	+0.0013%	1h	6.7990	−0.007%	$1.5M	$130K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8104	+0.161%	$476K	$45K	20x	as long as short
Phoenix COPPER	+0.0035%	1h	6.7997	+0.003%	$45K	$30K	20x	as long as short
BloFin COPPER-USDT	+0.0036%	4h	6.7980	−0.022%	$87K	$149K	100x	as long as short
Vest HG-PERP	+0.0046%	1h	6.7973	−0.032%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8006	+0.017%	$1K	$3K	5x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.7980	−0.022%	$10.4M	$5.1M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.7974	−0.031%	$900	$3K	20x	as long as short
Ondo Perps COPPER-USD.Pshort	+0.0050%	1h	6.7953	−0.061%	$56K	$55K	15x
Pacifica COPPER	+0.0100%	1h	6.8007	+0.018%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.7990	−0.007%	$258K	$25K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8040	+0.067%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8001	+0.009%	$311	—	10x	as long as short
Kraken Futures PF_XCUUSD	+0.0312%	1h	6.7982	−0.018%	$28K	$173K	20x	as long as short
Extended XCU-USD	+0.0480%	1h	6.7987	−0.012%	$230K	$2.9M	20x	as long as short