Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h +0.056%

Price spread now: SoDEX against edgeX−0.068%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 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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. SoDEX is 0.068% cheaper against edgeX than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 7.4 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	edgeX COPPERUSDC	6.8281	0.0020	pay 0.0010% / 4h	3h 42m	$95K	$320K	20x
Short	SoDEX COPPER-USD	6.8235	0.0050	get 0.0006% / 1h	42m 48s	$904	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.068%Rate

Funding earned: $6.39
Price spread: −0.068% → 0.000%: −$6.77
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$17.38
Costs to cover: 0.170%
Break-even: 26.0 days

Slippage unknown: edgeX: live order book, 10 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 edgeX live order book, 10 min ago	7.33 bp	12.6 bp −$13	25.2 bp −$252	doesn't fit	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
Kraken Futures PF_XCUUSD	−0.0404%	1h	6.8207	−0.109%	$34K	$176K	20x	as long as short
tradeXYZ xyz:COPPER	−0.0076%	1h	6.8226	−0.081%	$10.5M	$4.8M	20x	as long as short
QFEX COPPER-USD	−0.0003%	1h	6.8250	−0.046%	$1.5M	$129K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8256	−0.037%	$32K	$27K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8250	−0.046%	$9.1M	$33.0M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8245	−0.053%	$481K	$961K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8060	−0.324%	$1.3M	$497K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8250	−0.046%	$25.9M	$4.3M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8240	−0.060%	$2.5M	$1.7M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8273	−0.012%	$743K	$1.4M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8269	−0.018%	$97K	$2.2M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8250	−0.046%	—	$6.6M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8300	+0.028%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8150	−0.192%	$4.2M	$78K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8250	−0.046%	$178K	—	250x	as long as short
BloFin COPPER-USDT	+0.0014%	4h	6.8280	−0.002%	$88K	$135K	100x	as long as short
edgeX COPPERUSDClong	+0.0020%	4h	6.8281	long leg	$95K	$320K	20x
Lighter XCU	+0.0032%	1h	6.8355	+0.108%	$477K	$40K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8251	−0.044%	$266K	$2.6M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8252	−0.043%	—	$82K	25x	as long as short
Phoenix COPPER	+0.0047%	1h	6.8269	−0.018%	$45K	$23K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8237	−0.064%	$2K	$2K	5x	as long as short
SoDEX COPPER-USDshort	+0.0050%	1h	6.8235	−0.068%	$904	$3K	20x
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8302	+0.030%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8263	−0.026%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8260	−0.031%	$291K	$32K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8310	+0.042%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8239	−0.062%	$312	—	10x	as long as short