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

COPPER

RWAall COPPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: Orderly against HTX+0.029%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.029% dearer against HTX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX COPPER-USDT6.83300get 0.0000% / 4h11m 37s$61K$24K75x
ShortOrderly PERP_COPPER_USDC_mythos6.83500.0100get 0.0100% / 8h11m 37s$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against HTX. 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
$21
Price spread: +0.029% → 0.000%
$2.93
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Orderly: 3 bp × 2 orders
−$6
Net
$5.93
Costs to cover
0.180%
Break-even
5.0 days
Slippage unknown: HTX: no order-book sample; Orderly: 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 HTX no order-book sample
Sell Orderly no order-book sample
HTX and Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin COPPER-USDT−0.0059%4h6.8280−0.073%$88K$148K100xas long as short
Aster XCUUSDT0.0000%4h6.8317−0.019%$32K$28K50xas long as short
Binance COPPERUSDT0.0000%4h6.8310−0.030%$9.0M$33.5M100xas long as short
OKX XCU-USDT-SWAP0.0000%8h6.8238−0.135%$496K$974K50xas long as short
Gate XCU_USDT0.0000%8h6.8150−0.263%$1.3M$529K100xas long as short
MEXC COPPER_USDT0.0000%4h6.8300−0.044%$26.8M$5.3M100xas long as short
Bitget COPPERUSDT0.0000%4h6.8280−0.073%$2.9M$1.7M100xas long as short
Variational Omni COPPER0.0000%4h6.8214−0.169%$765K$1.4Mas long as short
GRVT COPPER_USDT_Perp0.0000%4h6.8320−0.015%$94K$2.4M25xas long as short
SunX COPPER-USDT0.0000%4h6.8310−0.029%$6.1M20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX COPPER-USDTlong0.0000%4h6.8330long leg$61K$24K75x
Phemex COPPERUSDT0.0000%4h6.8190−0.205%$4.2M$83K100xas long as short
gTrade (Gains Network) HG/USDL +0.0002% / S −0.0001%1h6.8269−0.089%$178K250xas long as short
edgeX COPPERUSDC+0.0003%4h6.8215−0.168%$95K$320K20xas long as short
QFEX COPPER-USD+0.0017%1h6.8290−0.059%$1.5M$134K20xas long as short
Vest HG-PERP+0.0046%1h6.8269−0.089%$82K25xas long as short
tradeXYZ xyz:COPPER+0.0050%1h6.8261−0.101%$10.6M$5.0M20xas long as short
SoDEX COPPER-USD+0.0050%1h6.8255−0.110%$4K$5K20xas long as short
Paradex XCU-USD-PERP+0.0050%8h6.8280−0.074%$2K$1K5xas long as short
Ondo Perps COPPER-USD.P+0.0050%1h6.8247−0.121%$57K$55K15xas long as short
Extended XCU-USD+0.0056%1h6.8269−0.090%$274K$2.0M20xas long as short
Pacifica COPPER+0.0100%1h6.8281−0.071%$23K$14K10xas long as short
KuCoin COPPERUSDTM+0.0100%4h6.8290−0.059%$278K$36K50xas long as short
Orderly PERP_COPPER_USDC_mythosshort+0.0100%8h6.8350+0.029%$3K10x
Aevo COPPER-PERP+0.0104%1h6.8301−0.042%$31210xas long as short
Phoenix COPPER+0.0106%1h6.8239−0.133%$45K$22K20xas long as short
Lighter XCU+0.0168%1h6.8399+0.101%$479K$27K20xas long as short
Kraken Futures PF_XCUUSD+0.0358%1h6.8251−0.116%$34K$178K20xas long as short