Settings8H · net · $10k
Funding arb · Price arb /

COPPER

RWAall COPPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.060%
Price spread now: Aster against Extended+0.039%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.278%−$28 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm boardneeds both histories
The price spread pays, funding is against you. Aster is 0.039% dearer against Extended than usual: you sell high and buy low (spread +0.039% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.0 days. At the pace of the last 7 days (−0.278% in total) that is about 23 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended XCU-USD6.85110.0032pay 0.0004% / 1h8m 26s$267K$1.7M20x
ShortAster XCUUSDT6.85370get 0.0000% / 4h1h 08m$35K$31K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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

Funding earned
−$6.72
Price spread: +0.039% → 0.000%
$3.86
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Aster: 4 bp × 2 orders
−$8
Net
−$15.86
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 3 min ago; Aster: 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 3 min ago1.02 bp4.2 bp −$455.9 bp −$559doesn't fitdoesn't fit
Sell Aster no order-book sample
Aster: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster XCUUSDTshort0.0000%4h6.8537+0.039%$35K$31K50x
Binance COPPERUSDT0.0000%4h6.8540+0.042%$9.1M$32.1M100xas long as short
OKX XCU-USDT-SWAP0.0000%8h6.8468−0.063%$518K$809K50xas long as short
Gate XCU_USDT0.0000%8h6.8360−0.220%$1.3M$181K100xas long as short
MEXC COPPER_USDT0.0000%4h6.8530+0.028%$26.3M$5.7M100xas long as short
Bitget COPPERUSDT0.0000%4h6.8520+0.013%$3.9M$2.1M100xas long as short
Variational Omni COPPER0.0000%4h6.8478−0.048%$773K$540Kas long as short
GRVT COPPER_USDT_Perp0.0000%4h6.8509−0.002%$91K$2.3M25xas long as short
SunX COPPER-USDT0.0000%4h6.8520+0.013%$4.6M20xas long as short
HTX COPPER-USDT0.0000%4h6.8540+0.042%$61K$71K75xas long as short
Show all 28 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex COPPERUSDT0.0000%4h6.8390−0.177%$4.2M$82K100xas long as short
gTrade (Gains Network) HG/USDL +0.0002% / S −0.0001%1h6.8495−0.024%$179K250xas long as short
QFEX COPPER-USD+0.0011%1h6.8510−0.001%$1.5M$151K20xas long as short
edgeX COPPERUSDC+0.0011%4h6.8497−0.021%$95K$319K20xas long as short
Lighter XCU+0.0032%1h6.8618+0.156%$480K$25K20xas long as short
Extended XCU-USDlong+0.0032%1h6.8511long leg$267K$1.7M20x
Vest HG-PERP+0.0046%1h6.8513+0.003%$36K25xas long as short
tradeXYZ xyz:COPPER+0.0050%1h6.8530+0.028%$10.9M$3.9M20xas long as short
SoDEX COPPER-USD+0.0050%1h6.8502−0.013%$907$6K20xas long as short
Paradex XCU-USD-PERP+0.0050%8h6.8516+0.007%$2K$8255xas long as short
Ondo Perps COPPER-USD.P+0.0050%1h6.8526+0.022%$59K$54K15xas long as short
BloFin COPPER-USDT+0.0056%4h6.8510−0.001%$90K$161K100xas long as short
Phoenix COPPER+0.0093%1h6.8543+0.047%$45K$18K20xas long as short
Pacifica COPPER+0.0100%1h6.8524+0.019%$24K$13K10xas long as short
KuCoin COPPERUSDTM+0.0100%4h6.8540+0.042%$267K$39K50xas long as short
Orderly PERP_COPPER_USDC_mythos+0.0100%8h6.8600+0.130%$3K10xas long as short
Aevo COPPER-PERP+0.0104%1h6.8519+0.012%$31310xas long as short
Kraken Futures PF_XCUUSD+0.0336%1h6.8510−0.001%$34K$180K20xas long as short