Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.068%

Price spread now: Paradex against edgeX−0.046%7-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 Paradex

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

Funding pays, the price is against you. Paradex is 0.046% cheaper against edgeX than usual: you would sell low and buy high (spread −0.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 4.8 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	edgeX COPPERUSDC	6.8295	0.0018	pay 0.0009% / 4h	1h 03m	$95K	$319K	20x
Short	Paradex XCU-USD-PERP	6.8264	0.0050	get 0.0050% / 8h	5h 03m	$2K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.046%Rate

Funding earned: $6.7
Price spread: −0.046% → 0.000%: −$4.57
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$10.87
Costs to cover: 0.130%
Break-even: 18.4 days

Slippage unknown: edgeX: live order book, 60 min ago; Paradex: 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, 60 min ago	7.33 bp	12.8 bp −$13	25.0 bp −$250	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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
QFEX COPPER-USD	0.0000%	1h	6.8270	−0.037%	$1.5M	$129K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8271	−0.035%	$32K	$21K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8285	−0.015%	$9.0M	$32.5M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8254	−0.060%	$471K	$949K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8110	−0.271%	$1.3M	$493K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8280	−0.022%	$26.0M	$4.2M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8290	−0.008%	$1.7M	$986K	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8282	−0.020%	$743K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8329	+0.049%	$95K	$2.1M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8280	−0.022%	—	$6.7M	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	6.8320	+0.036%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8140	−0.227%	$4.2M	$76K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8248	−0.070%	$178K	—	250x	as long as short
Phoenix COPPER	+0.0012%	1h	6.8297	+0.002%	$45K	$23K	20x	as long as short
edgeX COPPERUSDClong	+0.0018%	4h	6.8295	long leg	$95K	$319K	20x
BloFin COPPER-USDT	+0.0032%	4h	6.8270	−0.037%	$88K	$143K	100x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8246	−0.072%	—	$82K	25x	as long as short
Paradex XCU-USD-PERPshort	+0.0050%	8h	6.8264	−0.046%	$2K	$2K	5x
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8256	−0.058%	$10.5M	$4.8M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8250	−0.066%	$904	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8300	+0.007%	$57K	$55K	15x	as long as short
Lighter XCU	+0.0088%	1h	6.8369	+0.108%	$478K	$39K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8272	−0.033%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8270	−0.037%	$258K	$21K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8340	+0.065%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8261	−0.051%	$312	—	10x	as long as short
Kraken Futures PF_XCUUSD	+0.0195%	1h	6.8255	−0.059%	$35K	$178K	20x	as long as short
Extended XCU-USD	+0.0848%	1h	6.8246	−0.072%	$224K	$2.8M	20x	as long as short