Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

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: Pacifica against HTX−0.064%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Pacifica is 0.064% cheaper against HTX than usual: you would sell low and buy high (spread −0.064% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX COPPER-USDT	6.8270	0	get 0.0000% / 4h	21m 02s	$61K	$24K	75x
Short	Pacifica COPPER	6.8226	0.0100	get 0.0013% / 1h	21m 02s	$23K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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

Position, each leg$Hold fordaysFee HTXbpFee PacificabpOrdersPrice spread, now −0.064%Rate

Funding earned: $21
Price spread: −0.064% → 0.000%: −$6.44
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$5.44
Costs to cover: 0.200%
Break-even: 8.8 days

Slippage unknown: HTX: no order-book sample; Pacifica: 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 HTX no order-book sample	—	—	—	—	—
Sell Pacifica no order-book sample	—	—	—	—	—

HTX and Pacifica: 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	−0.0049%	4h	6.8270	0.000%	$88K	$148K	100x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8247	−0.034%	$32K	$28K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8242	−0.041%	$9.0M	$33.7M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8208	−0.091%	$494K	$984K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8110	−0.234%	$1.3M	$528K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8240	−0.044%	$26.6M	$5.2M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8230	−0.059%	$2.9M	$1.7M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8232	−0.055%	$770K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8290	+0.029%	$94K	$2.4M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8250	−0.029%	—	$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-USDTlong	0.0000%	4h	6.8270	long leg	$61K	$24K	75x
Phemex COPPERUSDT	0.0000%	4h	6.8150	−0.176%	$4.2M	$83K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8219	−0.075%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0014%	4h	6.8265	−0.008%	$95K	$319K	20x	as long as short
QFEX COPPER-USD	+0.0017%	1h	6.8240	−0.044%	$1.5M	$134K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8224	−0.067%	—	$82K	25x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8195	−0.110%	$10.6M	$5.0M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8205	−0.095%	$4K	$5K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8229	−0.060%	$2K	$1K	5x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8294	+0.035%	$57K	$55K	15x	as long as short
Pacifica COPPERshort	+0.0100%	1h	6.8226	−0.064%	$23K	$14K	10x
KuCoin COPPERUSDTM	+0.0100%	4h	6.8240	−0.044%	$278K	$37K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8310	+0.059%	$3K	—	10x	as long as short
Extended XCU-USD	+0.0104%	1h	6.8223	−0.069%	$283K	$2.0M	20x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8239	−0.046%	$312	—	10x	as long as short
Phoenix COPPER	+0.0106%	1h	6.8242	−0.041%	$45K	$22K	20x	as long as short
Lighter XCU	+0.0176%	1h	6.8347	+0.113%	$478K	$27K	20x	as long as short
Kraken Futures PF_XCUUSD	+0.0358%	1h	6.8205	−0.095%	$34K	$178K	20x	as long as short