Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.032%

Price spread now: Aster against gTrade (Gains Network)+0.114%132s7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Aster

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.114% dearer against gTrade (Gains Network) than usual: you sell high and buy low, +$11 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 132 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	gTrade (Gains Network) HG/USD	6.8055	L +0.0002% / S −0.0001%	pay 0.0000% / 1h	29m 03s	$177K	—	250x
Short	Aster XCUUSDT	6.8132	0	get 0.0000% / 4h	1h 29m	$32K	$27K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now +0.114%Rate

Funding earned: −$0.4
Price spread: +0.114% → 0.000%: $11.42
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$6.97
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 45 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 45 min ago	130.01 bp	229.7 bp −$230	1613.4 bp −$16.1K	13153.2 bp −$1.32M	doesn'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 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
tradeXYZ xyz:COPPER	−0.0007%	1h	6.8074	+0.029%	$10.6M	$5.0M	20x	as long as short
Aster XCUUSDTshort	0.0000%	4h	6.8132	+0.114%	$32K	$27K	50x
Binance COPPERUSDT	0.0000%	4h	6.8120	+0.096%	$9.1M	$34.0M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8032	−0.033%	$493K	$981K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7960	−0.139%	$1.3M	$523K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8120	+0.096%	$26.2M	$4.9M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8110	+0.082%	$2.9M	$2.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8063	+0.013%	$734K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8090	+0.052%	$98K	$2.4M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8110	+0.082%	—	$6.4M	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	6.8130	+0.111%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8120	+0.096%	$4.2M	$82K	100x	as long as short
gTrade (Gains Network) HG/USDlong	L +0.0002% / S −0.0001%	1h	6.8055	long leg	$177K	—	250x
QFEX COPPER-USD	+0.0003%	1h	6.8100	+0.067%	$1.5M	$129K	20x	as long as short
BloFin COPPER-USDT	+0.0003%	4h	6.8110	+0.082%	$88K	$139K	100x	as long as short
edgeX COPPERUSDC	+0.0013%	4h	6.8072	+0.025%	$94K	$320K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8086	+0.046%	$275K	$2.3M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8069	+0.021%	—	$82K	25x	as long as short
Phoenix COPPER	+0.0047%	1h	6.8066	+0.017%	$45K	$22K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8089	+0.051%	$1K	$2K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8063	+0.012%	$4K	$5K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8022	−0.048%	$57K	$55K	15x	as long as short
Lighter XCU	+0.0080%	1h	6.8223	+0.248%	$477K	$42K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8078	+0.035%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8120	+0.096%	$278K	$37K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8150	+0.140%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8098	+0.064%	$311	—	10x	as long as short
Kraken Futures PF_XCUUSD	+0.0108%	1h	6.8073	+0.028%	$34K	$176K	20x	as long as short