Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0102%/8h= −11.2% APRpaid last 24h −0.043%

Price spread now: BloFin against Paradex+0.030%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 BloFin

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. BloFin is 0.030% dearer against Paradex than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XCU-USD-PERP	6.8080	0.0050	pay 0.0050% / 8h	1h 25m	$1K	$2K	5x
Short	BloFin COPPER-USDT	6.8100	−0.0052	pay 0.0026% / 4h	1h 25m	$88K	$139K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$21.45
Price spread: +0.030% → 0.000%: $2.95
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$34.49
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; BloFin: live order book, 46 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 BloFin live order book, 46 min ago	1.47 bp	7.5 bp −$7	11.2 bp −$112	35.0 bp −$3,496	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
BloFin COPPER-USDTshort	−0.0052%	4h	6.8100	+0.030%	$88K	$139K	100x
tradeXYZ xyz:COPPER	−0.0001%	1h	6.8053	−0.039%	$10.6M	$5.0M	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8096	+0.024%	$32K	$27K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8101	+0.031%	$9.1M	$33.9M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8074	−0.009%	$493K	$981K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7960	−0.176%	$1.3M	$523K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8090	+0.015%	$26.2M	$5.0M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8080	0.000%	$2.9M	$2.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8063	−0.025%	$734K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8090	+0.015%	$98K	$2.4M	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	6.8100	+0.030%	—	$6.4M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8140	+0.088%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8110	+0.044%	$4.2M	$83K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8058	−0.032%	$177K	—	250x	as long as short
QFEX COPPER-USD	+0.0003%	1h	6.8100	+0.030%	$1.5M	$129K	20x	as long as short
edgeX COPPERUSDC	+0.0010%	4h	6.8103	+0.034%	$94K	$317K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8055	−0.036%	$275K	$2.3M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8064	−0.023%	—	$82K	25x	as long as short
Phoenix COPPER	+0.0047%	1h	6.8066	−0.020%	$45K	$22K	20x	as long as short
Paradex XCU-USD-PERPlong	+0.0050%	8h	6.8080	long leg	$1K	$2K	5x
SoDEX COPPER-USD	+0.0050%	1h	6.8053	−0.039%	$4K	$5K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8102	+0.032%	$57K	$55K	15x	as long as short
Lighter XCU	+0.0088%	1h	6.8205	+0.184%	$477K	$42K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8065	−0.022%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8110	+0.044%	$278K	$37K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8150	+0.103%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8088	+0.011%	$311	—	10x	as long as short
Kraken Futures PF_XCUUSD	+0.0108%	1h	6.8096	+0.024%	$34K	$176K	20x	as long as short