Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.061%

Price spread now: Aster against Pacifica+0.040%7-day average — · you sell dearer than you buy

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

Long on Pacifica Short on Aster

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 · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.040% dearer against Pacifica than usual: you sell high and buy low (spread +0.040% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica COPPER	6.8160	0.0100	pay 0.0013% / 1h	13m 01s	$23K	$14K	10x
Short	Aster XCUUSDT	6.8188	0	get 0.0000% / 4h	2h 13m	$32K	$27K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Pacifica. 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 PacificabpFee AsterbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$21
Price spread: +0.040% → 0.000%: $4
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$33
Costs to cover: 0.160%
Break-even: never at this rate

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

Pacifica and 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
Kraken Futures PF_XCUUSD	−0.0481%	1h	6.8169	+0.013%	$34K	$176K	20x	as long as short
tradeXYZ xyz:COPPER	−0.0013%	1h	6.8161	+0.001%	$10.6M	$5.0M	20x	as long as short
QFEX COPPER-USD	−0.0001%	1h	6.8160	−0.001%	$1.5M	$130K	20x	as long as short
Aster XCUUSDTshort	0.0000%	4h	6.8188	+0.040%	$32K	$27K	50x
Binance COPPERUSDT	0.0000%	4h	6.8200	+0.058%	$9.3M	$33.4M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8143	−0.025%	$498K	$973K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8010	−0.221%	$1.3M	$529K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8170	+0.014%	$26.1M	$4.8M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8180	+0.029%	$2.9M	$2.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8084	−0.112%	$739K	$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	6.8119	−0.061%	$94K	$2.3M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8170	+0.014%	—	$6.5M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8120	−0.059%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8170	+0.014%	$4.2M	$80K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8153	−0.010%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0008%	4h	6.8096	−0.095%	$94K	$320K	20x	as long as short
Phoenix COPPER	+0.0023%	1h	6.8137	−0.034%	$45K	$23K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8254	+0.137%	$477K	$40K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8154	−0.009%	$276K	$2.4M	20x	as long as short
BloFin COPPER-USDT	+0.0040%	4h	6.8200	+0.058%	$88K	$139K	100x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8148	−0.018%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8147	−0.020%	$1K	$2K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8145	−0.023%	$902	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8052	−0.159%	$57K	$55K	15x	as long as short
Pacifica COPPERlong	+0.0100%	1h	6.8160	long leg	$23K	$14K	10x
KuCoin COPPERUSDTM	+0.0100%	4h	6.8180	+0.029%	$278K	$35K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8220	+0.087%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8166	+0.009%	$312	—	10x	as long as short