Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.013%

Price spread now: HTX against Ondo Perps+0.070%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

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

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

The price spread pays, funding is against you. HTX is 0.070% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.070% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps COPPER-USD.P	6.8562	0.0050	pay 0.0006% / 1h	55m 31s	$59K	$54K	15x
Short	HTX COPPER-USDT	6.8610	0	get 0.0000% / 4h	55m 31s	$61K	$71K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Ondo Perps. 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 Ondo PerpsbpFee HTXbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$10.58
Price spread: +0.070% → 0.000%: $7
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$20.58
Costs to cover: 0.170%
Break-even: never at this rate

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

Ondo Perps and 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 exchanges

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	−0.0009%	4h	6.8600	+0.055%	$90K	$155K	100x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8550	−0.018%	$35K	$31K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8539	−0.034%	$9.1M	$32.8M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8444	−0.172%	$532K	$823K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8350	−0.309%	$1.3M	$173K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8530	−0.047%	$26.3M	$5.6M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8520	−0.061%	$3.9M	$2.2M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8547	−0.022%	$774K	$540K	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8582	+0.029%	$91K	$2.3M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8560	−0.003%	—	$4.6M	20x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX COPPER-USDTshort	0.0000%	4h	6.8610	+0.070%	$61K	$71K	75x
Phemex COPPERUSDT	0.0000%	4h	6.8390	−0.251%	$4.2M	$83K	100x	as long as short
edgeX COPPERUSDC	+0.0001%	4h	6.8588	+0.038%	$95K	$319K	20x	as long as short
QFEX COPPER-USD	+0.0001%	1h	6.8510	−0.076%	$1.5M	$151K	20x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8495	−0.098%	$179K	—	250x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8502	−0.088%	$270K	$1.7M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8518	−0.064%	—	$36K	25x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8522	−0.058%	$907	$6K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8518	−0.064%	$2K	$825	5x	as long as short
Ondo Perps COPPER-USD.Plong	+0.0050%	1h	6.8562	long leg	$59K	$54K	15x
Lighter XCU	+0.0072%	1h	6.8606	+0.064%	$480K	$26K	20x	as long as short
Phoenix COPPER	+0.0093%	1h	6.8606	+0.064%	$44K	$10K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8510	−0.075%	$24K	$13K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8500	−0.090%	$267K	$39K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8600	+0.055%	$3K	—	10x	as long as short
tradeXYZ xyz:COPPER	+0.0102%	1h	6.8524	−0.055%	$10.9M	$3.9M	20x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8529	−0.049%	$313	—	10x	as long as short
Kraken Futures PF_XCUUSD	+0.0181%	1h	6.8520	−0.061%	$34K	$180K	20x	as long as short