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: SunX against Pacifica+0.055%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 SunX

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

The price spread pays, funding is against you. SunX is 0.055% dearer against Pacifica than usual: you sell high and buy low (spread +0.055% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica COPPER	6.8252	0.0100	pay 0.0013% / 1h	13m 18s	$23K	$14K	10x
Short	SunX COPPER-USDT	6.8290	0	get 0.0000% / 4h	13m 18s	—	$6.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$21
Price spread: +0.055% → 0.000%: $5.54
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$31.46
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; SunX: live order book, 6 min ago. 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 SunX live order book, 6 min ago	46.15 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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	−0.0059%	4h	6.8280	+0.041%	$88K	$148K	100x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8320	+0.099%	$32K	$28K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8310	+0.085%	$9.0M	$33.5M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8225	−0.040%	$494K	$983K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8140	−0.164%	$1.3M	$529K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8300	+0.070%	$26.7M	$5.2M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8280	+0.041%	$2.9M	$1.7M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8214	−0.055%	$765K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8229	−0.033%	$94K	$2.4M	25x	as long as short
SunX COPPER-USDTshort	0.0000%	4h	6.8290	+0.055%	—	$6.1M	20x

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX COPPER-USDT	0.0000%	4h	6.8240	−0.018%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8190	−0.091%	$4.2M	$83K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8277	+0.036%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0003%	4h	6.8215	−0.054%	$95K	$320K	20x	as long as short
QFEX COPPER-USD	+0.0017%	1h	6.8280	+0.041%	$1.5M	$134K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8262	+0.014%	—	$82K	25x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8269	+0.025%	$10.6M	$5.0M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8257	+0.007%	$4K	$5K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8251	−0.002%	$2K	$1K	5x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8247	−0.008%	$57K	$55K	15x	as long as short
Extended XCU-USD	+0.0072%	1h	6.8276	+0.034%	$274K	$2.0M	20x	as long as short
Pacifica COPPERlong	+0.0100%	1h	6.8252	long leg	$23K	$14K	10x
KuCoin COPPERUSDTM	+0.0100%	4h	6.8290	+0.055%	$278K	$36K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8380	+0.187%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8296	+0.064%	$312	—	10x	as long as short
Phoenix COPPER	+0.0106%	1h	6.8239	−0.019%	$45K	$22K	20x	as long as short
Lighter XCU	+0.0168%	1h	6.8404	+0.222%	$479K	$27K	20x	as long as short
Kraken Futures PF_XCUUSD	+0.0358%	1h	6.8254	+0.002%	$34K	$178K	20x	as long as short