Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.5% APRpaid last 24h +0.003%

Price spread now: Vest against Paradex−0.094%48s7-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 Vest

What this pair did over the last

the charts below follow

Funding, last 3 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 · Vest: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Vest is 0.094% cheaper against Paradex than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XCU-USD-PERP	6.8003	0.0050	pay 0.0050% / 8h	6h 35m	$1K	$2K	5x
Short	Vest HG-PERP	6.7939	0.0046	get 0.0006% / 1h	35m 39s	—	$82K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.094%Rate

Funding earned: −$0.91
Price spread: −0.094% → 0.000%: −$9.37
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Vest: 1 bp × 2 orders: −$2
Net: −$16.27
Costs to cover: 0.060%
Break-even: never at this rate

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

Paradex and Vest: 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	−0.1015%	1h	6.7954	−0.071%	$32K	$176K	20x	as long as short
tradeXYZ xyz:COPPER	−0.0137%	1h	6.7939	−0.094%	$10.4M	$4.8M	20x	as long as short
BloFin COPPER-USDT	−0.0051%	4h	6.8050	+0.070%	$88K	$144K	100x	as long as short
Aster XCUUSDT	0.0000%	4h	6.7997	−0.008%	$32K	$35K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8011	+0.012%	$9.1M	$32.2M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.7975	−0.041%	$472K	$939K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7830	−0.254%	$1.3M	$478K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.7980	−0.033%	$26.0M	$5.0M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.7990	−0.019%	$1.7M	$1.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.7954	−0.071%	$741K	$1.4M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8012	+0.014%	$95K	$2.1M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.7960	−0.063%	—	$6.9M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.7980	−0.033%	$61K	$26K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.7910	−0.136%	$4.2M	$74K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.7945	−0.086%	$176K	—	250x	as long as short
QFEX COPPER-USD	+0.0006%	1h	6.8010	+0.011%	$1.5M	$129K	20x	as long as short
edgeX COPPERUSDC	+0.0016%	4h	6.7986	−0.024%	$94K	$317K	20x	as long as short
Phoenix COPPER	+0.0035%	1h	6.7970	−0.048%	$45K	$30K	20x	as long as short
Lighter XCU	+0.0040%	1h	6.8084	+0.120%	$476K	$39K	20x	as long as short
Vest HG-PERPshort	+0.0046%	1h	6.7939	−0.094%	—	$82K	25x
Paradex XCU-USD-PERPlong	+0.0050%	8h	6.8003	long leg	$1K	$2K	5x
SoDEX COPPER-USD	+0.0050%	1h	6.7945	−0.085%	$900	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.7902	−0.148%	$56K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.7984	−0.027%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.7990	−0.019%	$258K	$25K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8000	−0.004%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.7956	−0.069%	$311	—	10x	as long as short
Extended XCU-USD	+0.0416%	1h	6.7992	−0.016%	$229K	$2.9M	20x	as long as short