Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.020%

Price spread now: Pacifica against Paradex−0.023%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Pacifica

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 · Pacifica: Active · farm boardneeds both histories

Funding pays, the price is against you. Pacifica is 0.023% cheaper against Paradex than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 37 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XCU-USD-PERP	6.8123	0.0050	pay 0.0050% / 8h	7h 04m	$1K	$2K	5x
Short	Pacifica COPPER	6.8107	0.0100	get 0.0013% / 1h	4m 58s	$23K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.023%Rate

Funding earned: $10.5
Price spread: −0.023% → 0.000%: −$2.31
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$3.81
Costs to cover: 0.120%
Break-even: 9.5 days

Slippage unknown: Paradex: no order-book sample; Pacifica: 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 Pacifica no order-book sample	—	—	—	—	—

Paradex and 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
Kraken Futures PF_XCUUSD	−0.0447%	1h	6.8125	+0.003%	$32K	$179K	20x	as long as short
tradeXYZ xyz:COPPER	−0.0033%	1h	6.8058	−0.095%	$10.4M	$5.0M	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8120	−0.004%	$32K	$35K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8130	+0.010%	$9.1M	$33.1M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8092	−0.045%	$471K	$978K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7990	−0.195%	$1.3M	$492K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8120	−0.004%	$27.0M	$4.9M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8140	+0.025%	$1.7M	$1.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8122	0.000%	$742K	$1.5M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8132	+0.014%	$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	6.8140	+0.025%	—	$7.1M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8160	+0.055%	$61K	$25K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.7950	−0.254%	$4.2M	$76K	100x	as long as short
edgeX COPPERUSDC	+0.0002%	4h	6.8125	+0.003%	$94K	$318K	20x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8103	−0.029%	$177K	—	250x	as long as short
BloFin COPPER-USDT	+0.0002%	4h	6.8080	−0.063%	$87K	$149K	100x	as long as short
QFEX COPPER-USD	+0.0004%	1h	6.8110	−0.019%	$1.5M	$130K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8227	+0.153%	$477K	$45K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8095	−0.041%	—	$82K	25x	as long as short
Paradex XCU-USD-PERPlong	+0.0050%	8h	6.8123	long leg	$1K	$2K	5x
SoDEX COPPER-USD	+0.0050%	1h	6.8100	−0.033%	$902	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8080	−0.063%	$57K	$55K	15x	as long as short
Pacifica COPPERshort	+0.0100%	1h	6.8107	−0.023%	$23K	$14K	10x
KuCoin COPPERUSDTM	+0.0100%	4h	6.8100	−0.033%	$258K	$25K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8180	+0.084%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8118	−0.007%	$311	—	10x	as long as short
Phoenix COPPER	+0.0118%	1h	6.8111	−0.017%	$45K	$30K	20x	as long as short
Extended XCU-USD	+0.0360%	1h	6.8087	−0.052%	$229K	$2.9M	20x	as long as short