Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.045%

Price spread now: HTX against Extended+0.077%7-day average — · you sell dearer than you buy

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

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

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

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

The price spread pays, funding is against you. HTX is 0.077% dearer against Extended than usual: you sell high and buy low (spread +0.077% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XCU-USD	6.8278	0.0032	pay 0.0004% / 1h	9m 53s	$274K	$2.0M	20x
Short	HTX COPPER-USDT	6.8330	0	get 0.0000% / 4h	9m 53s	$61K	$24K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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

Position, each leg$Hold fordaysFee ExtendedbpFee HTXbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$6.72
Price spread: +0.077% → 0.000%: $7.69
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$16.03
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 4 min ago; HTX: 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 Extended live order book, 4 min ago	2.12 bp	6.4 bp −$6	50.4 bp −$504	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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-USDT	−0.0032%	4h	6.8320	+0.062%	$89K	$149K	100x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8310	+0.047%	$32K	$28K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8300	+0.033%	$9.0M	$33.5M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8240	−0.055%	$496K	$975K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8150	−0.187%	$1.3M	$529K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8300	+0.033%	$26.7M	$5.3M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8280	+0.004%	$2.9M	$1.7M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8286	+0.013%	$766K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8320	+0.062%	$94K	$2.4M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8300	+0.033%	—	$6.1M	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-USDTshort	0.0000%	4h	6.8330	+0.077%	$61K	$24K	75x
Phemex COPPERUSDT	0.0000%	4h	6.8190	−0.128%	$4.2M	$83K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8290	+0.019%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0003%	4h	6.8215	−0.091%	$95K	$320K	20x	as long as short
QFEX COPPER-USD	+0.0017%	1h	6.8310	+0.048%	$1.5M	$137K	20x	as long as short
Extended XCU-USDlong	+0.0032%	1h	6.8278	long leg	$274K	$2.0M	20x
Vest HG-PERP	+0.0046%	1h	6.8288	+0.015%	—	$82K	25x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8244	−0.049%	$10.6M	$5.0M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8267	−0.015%	$4K	$5K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8272	−0.008%	$2K	$1K	5x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8247	−0.045%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8272	−0.008%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8290	+0.018%	$278K	$36K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8370	+0.135%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8304	+0.039%	$312	—	10x	as long as short
Phoenix COPPER	+0.0106%	1h	6.8275	−0.004%	$45K	$22K	20x	as long as short
Lighter XCU	+0.0160%	1h	6.8404	+0.185%	$479K	$27K	20x	as long as short
Kraken Futures PF_XCUUSD	+0.0358%	1h	6.8263	−0.022%	$34K	$178K	20x	as long as short