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

COPPER

RWAall COPPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.021%
Price spread now: Binance against SunX+0.059%7-day average −0.004% · 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 7 days−0.268%−$27 on $10k
Price spread, last 4 days (all we have)−0.178%−$18 · spread now +0.059%, 7d avg −0.004%
Together, before fees−0.445%−$45 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.062% dearer against SunX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX COPPER-USDT6.80500get 0.0000% / 4h3h 24m$5.8M20x
ShortBinance COPPERUSDT6.80900get 0.0000% / 4h3h 24m$9.1M$33.6M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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
Price spread: +0.059% → −0.004%
$6.23
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$11.77
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 4 min ago; Binance: live order book, 2 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 SunX live order book, 4 min ago46.29 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 2 min ago0.74 bp6.2 bp −$610.9 bp −$10978.6 bp −$7,856doesn'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
BloFin COPPER-USDT−0.0007%4h6.8060+0.015%$89K$148K100xas long as short
Aster XCUUSDT0.0000%4h6.8112+0.091%$32K$28K50xas long as short
Binance COPPERUSDTshort0.0000%4h6.8090+0.059%$9.1M$33.6M100x
OKX XCU-USDT-SWAP0.0000%8h6.8027−0.034%$495K$980K50xas long as short
Gate XCU_USDT0.0000%8h6.7930−0.176%$1.3M$510K100xas long as short
MEXC COPPER_USDT0.0000%4h6.8070+0.029%$26.4M$5.7M100xas long as short
Bitget COPPERUSDT0.0000%4h6.8060+0.015%$2.9M$1.6M100xas long as short
Variational Omni COPPER0.0000%4h6.8022−0.042%$761K$1.4Mas long as short
GRVT COPPER_USDT_Perp0.0000%4h6.8046−0.006%$93K$2.4M25xas long as short
SunX COPPER-USDTlong0.0000%4h6.8050long leg$5.8M20x
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX COPPER-USDT0.0000%4h6.8100+0.073%$61K$24K75xas long as short
Phemex COPPERUSDT0.0000%4h6.8040−0.015%$4.2M$82K100xas long as short
gTrade (Gains Network) HG/USDL +0.0002% / S −0.0001%1h6.8006−0.065%$177K250xas long as short
edgeX COPPERUSDC+0.0017%4h6.8034−0.023%$94K$318K20xas long as short
QFEX COPPER-USD+0.0018%1h6.8070+0.029%$1.5M$142K20xas long as short
Extended XCU-USD+0.0032%1h6.8049−0.001%$273K$1.8M20xas long as short
Vest HG-PERP+0.0046%1h6.8003−0.069%$82K25xas long as short
tradeXYZ xyz:COPPER+0.0050%1h6.8041−0.013%$10.7M$4.1M20xas long as short
SoDEX COPPER-USD+0.0050%1h6.8013−0.054%$901$6K20xas long as short
Ondo Perps COPPER-USD.P+0.0050%1h6.8073+0.034%$57K$53K15xas long as short
Paradex XCU-USD-PERP+0.0051%8h6.8054+0.006%$1K$1K5xas long as short
Kraken Futures PF_XCUUSD+0.0076%1h6.8038−0.018%$34K$178K20xas long as short
Pacifica COPPER+0.0100%1h6.8051+0.002%$23K$14K10xas long as short
KuCoin COPPERUSDTM+0.0100%4h6.8090+0.059%$265K$39K50xas long as short
Orderly PERP_COPPER_USDC_mythos+0.0100%8h6.8120+0.103%$3K10xas long as short
Aevo COPPER-PERP+0.0104%1h6.8043−0.010%$31110xas long as short
Lighter XCU+0.0120%1h6.8173+0.181%$477K$27K20xas long as short
Phoenix COPPER+0.0129%1h6.8023−0.040%$45K$22K20xas long as short