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

COPPER

RWAall COPPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0007%/8h= +0.7% APRnext payment +$0.03 per $10,000 · paid last 24h −0.022%
Price spread now: edgeX against SunX+0.032%46s7-day average −0.013% · 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−0.264%−$26 on $10k
Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.032%, 7d avg −0.013%
Together, before fees−0.348%+ Points / potential airdropedgeX: Active · farm board−$35 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: edgeX is 0.046% dearer against SunX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.013%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX COPPER-USDT6.84700get 0.0000% / 4h1h 47m$4.8M20x
ShortedgeX COPPERUSDC6.84920.0007get 0.0003% / 4h1h 47m$95K$320K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
$1.44
Price spread: +0.032% → −0.013%
$4.56
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$11
Costs to cover
0.170%
Break-even
60.6 days
Slippage unknown: SunX: live order book, 4 min ago; edgeX: live order book, 63 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 ago45.97 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 63 min ago7.32 bp12.8 bp −$1324.4 bp −$244doesn't fitdoesn't fit

COPPER on 28 exchanges

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 XCU-USDT−0.0002%8h6.8423−0.069%$49K$302K20xas long as short
Aster XCUUSDT0.0000%4h6.8453−0.025%$35K$31K50xas long as short
Binance COPPERUSDT0.0000%4h6.8450−0.029%$9.0M$32.0M100xas long as short
OKX XCU-USDT-SWAP0.0000%8h6.8419−0.074%$508K$799K50xas long as short
Gate XCU_USDT0.0000%8h6.8320−0.219%$1.3M$181K100xas long as short
MEXC COPPER_USDT0.0000%4h6.8440−0.044%$26.3M$5.5M100xas long as short
Bitget COPPERUSDT0.0000%4h6.8450−0.029%$3.6M$1.9M100xas long as short
Variational Omni COPPER0.0000%4h6.8508+0.055%$775K$538Kas long as short
GRVT COPPER_USDT_Perp0.0000%4h6.8514+0.064%$92K$2.3M25xas long as short
SunX COPPER-USDTlong0.0000%4h6.8470long leg$4.8M20x
Show all 28 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX COPPER-USDT0.0000%4h6.8540+0.102%$61K$71K75xas long as short
Phemex COPPERUSDT0.0000%4h6.8380−0.131%$4.2M$82K100xas long as short
gTrade (Gains Network) HG/USDL +0.0002% / S −0.0001%1h6.8439−0.045%$178K250xas long as short
edgeX COPPERUSDCshort+0.0007%4h6.8492+0.032%$95K$320K20x
QFEX COPPER-USD+0.0011%1h6.8430−0.058%$1.5M$150K20xas long as short
Lighter XCU+0.0032%1h6.8535+0.095%$480K$25K20xas long as short
Extended XCU-USD+0.0032%1h6.8419−0.075%$271K$1.7M20xas long as short
Vest HG-PERP+0.0046%1h6.8444−0.038%$36K25xas long as short
tradeXYZ xyz:COPPER+0.0050%1h6.8415−0.080%$10.8M$3.8M20xas long as short
SoDEX COPPER-USD+0.0050%1h6.8448−0.032%$906$6K20xas long as short
Paradex XCU-USD-PERP+0.0050%8h6.8425−0.065%$2K$8255xas long as short
Ondo Perps COPPER-USD.P+0.0050%1h6.8531+0.089%$59K$52K15xas long as short
Phoenix COPPER+0.0093%1h6.8474+0.006%$44K$18K20xas long as short
Pacifica COPPER+0.0100%1h6.8430−0.058%$24K$13K10xas long as short
KuCoin COPPERUSDTM+0.0100%4h6.8450−0.029%$267K$39K50xas long as short
Orderly PERP_COPPER_USDC_mythos+0.0100%8h6.8540+0.102%$3K10xas long as short
Aevo COPPER-PERP+0.0104%1h6.8459−0.017%$31310xas long as short
Kraken Futures PF_XCUUSD+0.0337%1h6.8452−0.026%$34K$180K20xas long as short