Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h −0.056%

Price spread now: edgeX against SoDEX+0.101%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on edgeX

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 airdropedgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. edgeX is 0.101% dearer against SoDEX than usual: you sell high and buy low (spread +0.101% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX COPPER-USD	6.8046	0.0050	pay 0.0006% / 1h	38m 31s	$4K	$5K	20x
Short	edgeX COPPERUSDC	6.8115	0.0001	get 0.0000% / 4h	1h 38m	$94K	$318K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against SoDEX. 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 SoDEXbpFee edgeXbpOrdersPrice spread, now +0.101%Rate

Funding earned: −$10.31
Price spread: +0.101% → 0.000%: $10.14
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$17.16
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; edgeX: live order book, 5 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell edgeX live order book, 5 min ago	7.34 bp	13.0 bp −$13	24.6 bp −$246	doesn't fit	doesn't fit

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
BloFin COPPER-USDT	−0.0004%	4h	6.8100	+0.079%	$88K	$138K	100x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8066	+0.030%	$32K	$27K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8065	+0.028%	$9.1M	$33.7M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8002	−0.065%	$496K	$969K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7940	−0.156%	$1.3M	$521K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8060	+0.021%	$26.3M	$4.9M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8060	+0.021%	$2.9M	$2.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8133	+0.128%	$735K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8150	+0.153%	$90K	$2.3M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8100	+0.079%	—	$6.4M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX COPPER-USDT	0.0000%	4h	6.8190	+0.212%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8090	+0.065%	$4.2M	$82K	100x	as long as short
edgeX COPPERUSDCshort	+0.0001%	4h	6.8115	+0.101%	$94K	$318K	20x
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8018	−0.042%	$177K	—	250x	as long as short
QFEX COPPER-USD	+0.0003%	1h	6.8080	+0.050%	$1.5M	$130K	20x	as long as short
tradeXYZ xyz:COPPER	+0.0004%	1h	6.8009	−0.054%	$10.6M	$5.0M	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8044	−0.002%	$276K	$2.3M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8036	−0.015%	—	$82K	25x	as long as short
Phoenix COPPER	+0.0047%	1h	6.8100	+0.079%	$45K	$22K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8062	+0.023%	$1K	$2K	5x	as long as short
SoDEX COPPER-USDlong	+0.0050%	1h	6.8046	long leg	$4K	$5K	20x
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8086	+0.059%	$57K	$55K	15x	as long as short
Lighter XCU	+0.0064%	1h	6.8163	+0.172%	$476K	$42K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8049	+0.004%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8090	+0.065%	$278K	$37K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8170	+0.182%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8096	+0.073%	$311	—	10x	as long as short
Kraken Futures PF_XCUUSD	+0.0108%	1h	6.8101	+0.081%	$34K	$176K	20x	as long as short