Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.041%

Price spread now: Aster against Paradex+0.037%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.037% dearer against Paradex than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XCU-USD-PERP	6.8305	0.0050	pay 0.0050% / 8h	2h 49m	$2K	$2K	5x
Short	Aster XCUUSDT	6.8330	0	get 0.0000% / 4h	2h 49m	$32K	$27K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Paradex. 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 ParadexbpFee AsterbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$10.5
Price spread: +0.037% → 0.000%: $3.66
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: −$18.84
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paradex: 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 Paradex no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Paradex 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	−0.0480%	1h	6.8302	−0.005%	$35K	$176K	20x	as long as short
QFEX COPPER-USD	−0.0001%	1h	6.8320	+0.021%	$1.5M	$129K	20x	as long as short
Aster XCUUSDTshort	0.0000%	4h	6.8330	+0.037%	$32K	$27K	50x
Binance COPPERUSDT	0.0000%	4h	6.8326	+0.030%	$9.1M	$33.0M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8286	−0.028%	$490K	$969K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8140	−0.242%	$1.3M	$520K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8320	+0.021%	$26.8M	$4.6M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8310	+0.007%	$2.5M	$1.7M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8313	+0.011%	$741K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8320	+0.021%	$91K	$2.2M	25x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX COPPER-USDT	0.0000%	4h	6.8320	+0.021%	—	$6.6M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8310	+0.007%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8170	−0.198%	$4.2M	$79K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8317	+0.017%	$178K	—	250x	as long as short
tradeXYZ xyz:COPPER	+0.0007%	1h	6.8300	−0.008%	$10.6M	$4.9M	20x	as long as short
edgeX COPPERUSDC	+0.0010%	4h	6.8283	−0.033%	$95K	$318K	20x	as long as short
BloFin COPPER-USDT	+0.0014%	4h	6.8310	+0.007%	$88K	$138K	100x	as long as short
Phoenix COPPER	+0.0023%	1h	6.8311	+0.008%	$45K	$23K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8424	+0.174%	$478K	$39K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8312	+0.010%	$275K	$2.5M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8319	+0.020%	—	$82K	25x	as long as short
Paradex XCU-USD-PERPlong	+0.0050%	8h	6.8305	long leg	$2K	$2K	5x
SoDEX COPPER-USD	+0.0050%	1h	6.8297	−0.012%	$904	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8310	+0.007%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8326	+0.030%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8330	+0.036%	$279K	$35K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8380	+0.109%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8319	+0.021%	$312	—	10x	as long as short