Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.030%

Price spread now: Bitget against Vest+0.053%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

The price spread pays, funding is against you. Bitget is 0.053% dearer against Vest than usual: you sell high and buy low (spread +0.053% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest HG-PERP	6.8294	0.0046	pay 0.0006% / 1h	37m 00s	—	$82K	25x
Short	Bitget COPPERUSDT	6.8330	0	get 0.0000% / 4h	37m 00s	$2.9M	$1.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Vest. 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 VestbpFee BitgetbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$9.59
Price spread: +0.053% → 0.000%: $5.27
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$18.32
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Bitget: live order book, 1 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 Vest no order-book sample	—	—	—	—	—
Sell Bitget live order book, 1 min ago	0.73 bp	9.6 bp −$10	32.0 bp −$320	113.5 bp −$11.4K	doesn't fit

Vest: 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
Aster XCUUSDT	0.0000%	4h	6.8314	+0.030%	$32K	$27K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8340	+0.067%	$9.1M	$33.7M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8273	−0.031%	$495K	$1.0M	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8180	−0.167%	$1.3M	$528K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8330	+0.053%	$26.6M	$5.2M	100x	as long as short
Bitget COPPERUSDTshort	0.0000%	4h	6.8330	+0.053%	$2.9M	$1.6M	100x
Variational Omni COPPER	0.0000%	4h	6.8332	+0.055%	$765K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8346	+0.076%	$94K	$2.4M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8340	+0.067%	—	$6.2M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8370	+0.111%	$61K	$24K	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	6.8200	−0.138%	$4.2M	$83K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8289	−0.007%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0002%	4h	6.8326	+0.047%	$95K	$318K	20x	as long as short
QFEX COPPER-USD	+0.0017%	1h	6.8320	+0.038%	$1.5M	$128K	20x	as long as short
Vest HG-PERPlong	+0.0046%	1h	6.8294	long leg	—	$82K	25x
BloFin COPPER-USDT	+0.0049%	4h	6.8350	+0.082%	$88K	$143K	100x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8301	+0.010%	$10.6M	$5.0M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8288	−0.009%	$4K	$5K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8300	+0.008%	$2K	$1K	5x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8253	−0.060%	$57K	$55K	15x	as long as short
Extended XCU-USD	+0.0088%	1h	6.8295	+0.002%	$272K	$2.0M	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8290	−0.006%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8310	+0.023%	$278K	$37K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8400	+0.155%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8322	+0.040%	$312	—	10x	as long as short
Phoenix COPPER	+0.0106%	1h	6.8335	+0.060%	$45K	$22K	20x	as long as short
Lighter XCU	+0.0176%	1h	6.8444	+0.220%	$479K	$26K	20x	as long as short
Kraken Futures PF_XCUUSD	+0.0357%	1h	6.8293	−0.002%	$34K	$177K	20x	as long as short