Settings8H · net · $10k
Funding arb · Price arb /

COPPER

RWAall COPPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0262%/8h= +28.7% APRpaid last 24h +0.020%
Price spread now: Extended against Paradex+0.002%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · Extended: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$8 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex XCU-USD-PERP6.80720.0050pay 0.0050% / 8h6h 16m$1K$2K5x
ShortExtended XCU-USD6.80730.0312get 0.0039% / 1h16m 11s$232K$2.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$55.02
Price spread: +0.002% → 0.000%
$0.2
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$46.22
Costs to cover
0.090%
Break-even
1.1 days
Slippage unknown: Paradex: no order-book sample; Extended: 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
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample
Sell Extended live order book, 3 min ago0.07 bp4.0 bp −$463.9 bp −$639doesn't fitdoesn'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 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_XCUUSD−0.1013%1h6.8078+0.008%$32K$176K20xas long as short
tradeXYZ xyz:COPPER−0.0130%1h6.8063−0.013%$10.5M$4.8M20xas long as short
Aster XCUUSDT0.0000%4h6.8115+0.063%$32K$35K50xas long as short
Binance COPPERUSDT0.0000%4h6.8076+0.006%$9.0M$32.1M100xas long as short
OKX XCU-USDT-SWAP0.0000%8h6.8080+0.012%$472K$932K50xas long as short
Gate XCU_USDT0.0000%8h6.7920−0.223%$1.3M$478K100xas long as short
MEXC COPPER_USDT0.0000%4h6.8060−0.018%$26.0M$5.0M100xas long as short
Bitget COPPERUSDT0.0000%4h6.8090+0.026%$1.7M$1.0M100xas long as short
Variational Omni COPPER0.0000%4h6.8012−0.088%$741K$1.4Mas long as short
GRVT COPPER_USDT_Perp0.0000%4h6.8017−0.080%$95K$2.0M25xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX COPPER-USDT0.0000%4h6.8080+0.012%$6.8M20xas long as short
HTX COPPER-USDT0.0000%4h6.8070−0.003%$61K$26K75xas long as short
Phemex COPPERUSDT0.0000%4h6.8000−0.106%$4.2M$74K100xas long as short
gTrade (Gains Network) HG/USDL +0.0002% / S −0.0001%1h6.8088+0.024%$177K250xas long as short
QFEX COPPER-USD+0.0006%1h6.8070−0.003%$1.5M$129K20xas long as short
edgeX COPPERUSDC+0.0016%4h6.7998−0.109%$94K$319K20xas long as short
Lighter XCU+0.0032%1h6.8180+0.159%$477K$39K20xas long as short
Phoenix COPPER+0.0035%1h6.8001−0.104%$45K$30K20xas long as short
Vest HG-PERP+0.0046%1h6.8082+0.015%$82K25xas long as short
Paradex XCU-USD-PERPlong+0.0050%8h6.8072long leg$1K$2K5x
SoDEX COPPER-USD+0.0050%1h6.8069−0.005%$901$3K20xas long as short
Ondo Perps COPPER-USD.P+0.0050%1h6.8020−0.076%$57K$55K15xas long as short
Pacifica COPPER+0.0100%1h6.8067−0.007%$23K$14K10xas long as short
KuCoin COPPERUSDTM+0.0100%4h6.8090+0.026%$258K$23K50xas long as short
Orderly PERP_COPPER_USDC_mythos+0.0100%8h6.8130+0.085%$3K10xas long as short
Aevo COPPER-PERP+0.0104%1h6.8070−0.003%$31110xas long as short
Extended XCU-USDshort+0.0312%1h6.8073+0.002%$232K$2.9M20x