Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.033%

Price spread now: Bitget against Paradex+0.035%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 Bitget

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 · farm boardneeds both histories

The price spread pays, funding is against you. Bitget is 0.035% dearer against Paradex than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XCU-USD-PERP	6.8106	0.0050	pay 0.0050% / 8h	7h 03m	$1K	$2K	5x
Short	Bitget COPPERUSDT	6.8130	0	get 0.0000% / 4h	3h 03m	$1.7M	$1.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$10.5
Price spread: +0.035% → 0.000%: $3.47
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$23.03
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Bitget: live order book, 3 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 Paradex no order-book sample	—	—	—	—	—
Sell Bitget live order book, 3 min ago	0.73 bp	12.1 bp −$12	30.5 bp −$305	doesn't fit	doesn't fit

Paradex: 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	−0.0447%	1h	6.8091	−0.023%	$32K	$179K	20x	as long as short
tradeXYZ xyz:COPPER	−0.0036%	1h	6.8048	−0.086%	$10.4M	$5.0M	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8114	+0.012%	$32K	$35K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8110	+0.005%	$9.1M	$33.1M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8073	−0.049%	$471K	$978K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7970	−0.200%	$1.3M	$492K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8110	+0.005%	$27.0M	$4.9M	100x	as long as short
Bitget COPPERUSDTshort	0.0000%	4h	6.8130	+0.035%	$1.7M	$1.0M	100x
Variational Omni COPPER	0.0000%	4h	6.8122	+0.023%	$742K	$1.5M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8146	+0.058%	$97K	$2.1M	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	6.8120	+0.020%	—	$7.1M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8160	+0.079%	$61K	$25K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.7930	−0.259%	$4.2M	$76K	100x	as long as short
edgeX COPPERUSDC	+0.0002%	4h	6.8125	+0.027%	$94K	$318K	20x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8081	−0.038%	$177K	—	250x	as long as short
BloFin COPPER-USDT	+0.0002%	4h	6.8080	−0.039%	$87K	$149K	100x	as long as short
QFEX COPPER-USD	+0.0004%	1h	6.8100	−0.009%	$1.5M	$130K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8213	+0.157%	$477K	$45K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8078	−0.042%	—	$82K	25x	as long as short
Paradex XCU-USD-PERPlong	+0.0050%	8h	6.8106	long leg	$1K	$2K	5x
SoDEX COPPER-USD	+0.0050%	1h	6.8084	−0.033%	$902	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8071	−0.052%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8087	−0.029%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8100	−0.009%	$258K	$25K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8170	+0.093%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8102	−0.006%	$311	—	10x	as long as short
Phoenix COPPER	+0.0118%	1h	6.8111	+0.007%	$45K	$30K	20x	as long as short
Extended XCU-USD	+0.0376%	1h	6.8079	−0.040%	$234K	$2.9M	20x	as long as short