Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0036%/8hnext payment +$0.05 per $10,000 · paid last 24h +0.024%

Price spread now: SoDEX against QFEX−0.063%7-day average — · you buy dearer than you sell

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

Long on QFEX Short on SoDEX

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—needs both histories

Funding pays, the price is against you. SoDEX is 0.063% cheaper against QFEX than usual: you would sell low and buy high (spread −0.063% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 5.8 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX COPPER-USD	6.7900	0.0014	pay 0.0002% / 1h	21m 47s	$1.5M	$91K	20x
Short	SoDEX COPPER-USD	6.7857	0.0050	get 0.0006% / 1h	21m 47s	$899	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against QFEX. 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 QFEXbpFee SoDEXbpOrdersPrice spread, now −0.063%Rate

Funding earned: $7.59
Price spread: −0.063% → 0.000%: −$6.33
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$16.74
Costs to cover: 0.180%
Break-even: 22.4 days

Slippage unknown: QFEX: live order book, 9 min ago; SoDEX: 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 QFEX live order book, 9 min ago	2.21 bp	7.2 bp −$7	11.2 bp −$112	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
edgeX COPPERUSDC	−0.0004%	4h	6.7885	−0.022%	$93K	$316K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.7861	−0.057%	$32K	$52K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.7910	+0.015%	$9.0M	$34.7M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.7836	−0.094%	$476K	$1.2M	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7750	−0.221%	$1.3M	$518K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.7910	+0.015%	$25.6M	$4.1M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.7885	−0.023%	$753K	$1.6M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.7900	0.000%	$95K	$2.0M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.7920	+0.029%	—	$7.9M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.7930	+0.044%	$60K	$28K	75x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex COPPERUSDT	0.0000%	4h	6.7910	+0.015%	$4.2M	$80K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.7851	−0.072%	$176K	—	250x	as long as short
BloFin COPPER-USDT	+0.0010%	4h	6.7910	+0.015%	$89K	$147K	100x	as long as short
QFEX COPPER-USDlong	+0.0014%	1h	6.7900	long leg	$1.5M	$91K	20x
Phoenix COPPER	+0.0024%	1h	6.7865	−0.052%	$45K	$30K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.7852	−0.070%	$240K	$2.9M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.7850	−0.074%	—	$82K	25x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.7867	−0.049%	$10.5M	$5.8M	20x	as long as short
SoDEX COPPER-USDshort	+0.0050%	1h	6.7857	−0.063%	$899	$3K	20x
Paradex XCU-USD-PERP	+0.0050%	8h	6.7896	−0.005%	$1K	$3K	5x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.7881	−0.028%	$62K	$20K	15x	as long as short
Bitget COPPERUSDT	+0.0086%	4h	6.7910	+0.015%	$1.7M	$1.0M	100x	as long as short
Kraken Futures PF_XCUUSD	+0.0095%	1h	6.7897	−0.005%	$26K	$209K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.7911	+0.017%	$25K	$11K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.7860	−0.059%	$258K	$25K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.7970	+0.103%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.7907	+0.010%	$310	—	10x	as long as short
Lighter XCU	+0.0152%	1h	6.7973	+0.108%	$476K	$46K	20x	as long as short