Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.013%

Price spread now: SoDEX against HTX−0.132%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. SoDEX is 0.132% cheaper against HTX than usual: you would sell low and buy high (spread −0.132% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 8.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX COPPER-USDT	6.8060	0	get 0.0000% / 4h	2h 39m	$61K	$26K	75x
Short	SoDEX COPPER-USD	6.7970	0.0050	get 0.0006% / 1h	39m 15s	$900	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.132%Rate

Funding earned: $10.5
Price spread: −0.132% → 0.000%: −$13.22
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$22.72
Costs to cover: 0.200%
Break-even: 22.1 days

Slippage unknown: HTX: no order-book sample; SoDEX: 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 SoDEX no order-book sample	—	—	—	—	—

HTX and SoDEX: 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
Kraken Futures PF_XCUUSD	−0.1014%	1h	6.7979	−0.118%	$32K	$175K	20x	as long as short
tradeXYZ xyz:COPPER	−0.0140%	1h	6.7931	−0.190%	$10.4M	$4.8M	20x	as long as short
BloFin COPPER-USDT	−0.0051%	4h	6.8050	−0.015%	$88K	$144K	100x	as long as short
Aster XCUUSDT	0.0000%	4h	6.7991	−0.101%	$32K	$35K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.7990	−0.103%	$9.1M	$32.3M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.7964	−0.141%	$472K	$941K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7870	−0.279%	$1.3M	$478K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.7990	−0.103%	$26.9M	$4.9M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8010	−0.073%	$1.7M	$1.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.7974	−0.126%	$741K	$1.4M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8000	−0.088%	$95K	$2.1M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.7990	−0.103%	—	$6.9M	20x	as long as short
HTX COPPER-USDTlong	0.0000%	4h	6.8060	long leg	$61K	$26K	75x
Phemex COPPERUSDT	0.0000%	4h	6.7910	−0.220%	$4.2M	$74K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.7968	−0.136%	$176K	—	250x	as long as short
QFEX COPPER-USD	+0.0006%	1h	6.7980	−0.118%	$1.5M	$129K	20x	as long as short
edgeX COPPERUSDC	+0.0009%	4h	6.7994	−0.097%	$94K	$317K	20x	as long as short
Phoenix COPPER	+0.0035%	1h	6.7967	−0.137%	$45K	$30K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.7964	−0.141%	—	$82K	25x	as long as short
Lighter XCU	+0.0048%	1h	6.8088	+0.041%	$476K	$39K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.7991	−0.101%	$1K	$2K	5x	as long as short
SoDEX COPPER-USDshort	+0.0050%	1h	6.7970	−0.132%	$900	$3K	20x
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.7986	−0.109%	$56K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.7983	−0.113%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8000	−0.088%	$258K	$25K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8030	−0.044%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.7981	−0.116%	$311	—	10x	as long as short
Extended XCU-USD	+0.0416%	1h	6.7972	−0.129%	$230K	$2.9M	20x	as long as short