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

COPPER

RWAall COPPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.001%
Price spread now: SunX against QFEX+0.015%7-day average +0.007% · 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)+0.019%+$2 on $10k
Price spread, last 4 days (all we have)−0.015%−$1 · spread now +0.015%, 7d avg +0.007%
Together, before fees+0.004%$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX COPPER-USD6.8210−0.0001get 0.0000% / 1h10m 34s$1.5M$130K20x
ShortSunX COPPER-USDT6.82200get 0.0000% / 4h2h 10m$6.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
$0.12
Price spread: +0.015% → +0.007%
$0.79
Slippage, 4 orders
no order book: not counted
Fee QFEX: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$17.09
Costs to cover
0.180%
Break-even
1024.4 days
Slippage unknown: QFEX: live order book, 1 min ago; SunX: live order book, 8 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 QFEX live order book, 1 min ago2.20 bp10.1 bp −$1012.8 bp −$128doesn't fitdoesn't fit
Sell SunX live order book, 8 min ago46.24 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

COPPER on 28 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−0.0481%1h6.8209−0.002%$34K$176K20xas long as short
tradeXYZ xyz:COPPER−0.0006%1h6.8185−0.037%$10.6M$5.0M20xas long as short
QFEX COPPER-USDlong−0.0001%1h6.8210long leg$1.5M$130K20x
Aster XCUUSDT0.0000%4h6.8225+0.022%$32K$27K50xas long as short
Binance COPPERUSDT0.0000%4h6.8230+0.029%$9.2M$33.4M100xas long as short
OKX XCU-USDT-SWAP0.0000%8h6.8176−0.050%$498K$973K50xas long as short
Gate XCU_USDT0.0000%8h6.8070−0.205%$1.3M$531K100xas long as short
MEXC COPPER_USDT0.0000%4h6.8230+0.029%$26.4M$4.9M100xas long as short
Bitget COPPERUSDT0.0000%4h6.8220+0.015%$2.9M$2.0M100xas long as short
Variational Omni COPPER0.0000%4h6.8223+0.019%$740K$1.4Mas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT COPPER_USDT_Perp0.0000%4h6.8119−0.134%$94K$2.3M25xas long as short
SunX COPPER-USDTshort0.0000%4h6.8220+0.015%$6.5M20x
HTX COPPER-USDT0.0000%4h6.8250+0.059%$61K$24K75xas long as short
Phemex COPPERUSDT0.0000%4h6.82100.000%$4.2M$81K100xas long as short
gTrade (Gains Network) HG/USDL +0.0002% / S −0.0001%1h6.8191−0.027%$178K250xas long as short
edgeX COPPERUSDC+0.0007%4h6.8161−0.072%$94K$317K20xas long as short
Phoenix COPPER+0.0023%1h6.8137−0.107%$45K$23K20xas long as short
BloFin COPPER-USDT+0.0025%4h6.82100.000%$88K$139K100xas long as short
Lighter XCU+0.0032%1h6.8286+0.111%$477K$40K20xas long as short
Extended XCU-USD+0.0032%1h6.8198−0.018%$276K$2.4M20xas long as short
Vest HG-PERP+0.0046%1h6.8189−0.031%$82K25xas long as short
Paradex XCU-USD-PERP+0.0050%8h6.8203−0.011%$2K$2K5xas long as short
SoDEX COPPER-USD+0.0050%1h6.8191−0.028%$903$3K20xas long as short
Ondo Perps COPPER-USD.P+0.0050%1h6.8245+0.051%$57K$55K15xas long as short
Pacifica COPPER+0.0100%1h6.8201−0.014%$23K$14K10xas long as short
KuCoin COPPERUSDTM+0.0100%4h6.8220+0.015%$278K$35K50xas long as short
Orderly PERP_COPPER_USDC_mythos+0.0100%8h6.8270+0.088%$3K10xas long as short
Aevo COPPER-PERP+0.0104%1h6.82100.000%$31210xas long as short