Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0037%/8h= −4.0% APRpaid last 24h −0.074%

Price spread now: BloFin against Vest+0.054%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 BloFin

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 airdropVest: Active · farm boardneeds both histories

The price spread pays, funding is against you. BloFin is 0.054% dearer against Vest than usual: you sell high and buy low (spread +0.054% 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 5.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest HG-PERP	6.8053	0.0046	pay 0.0006% / 1h	47m 07s	—	$82K	25x
Short	BloFin COPPER-USDT	6.8090	0.0009	get 0.0005% / 4h	3h 47m	$87K	$150K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$7.68
Price spread: +0.054% → 0.000%: $5.44
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$16.25
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; BloFin: live order book, 9 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 BloFin live order book, 9 min ago	1.47 bp	7.5 bp −$7	8.9 bp −$89	37.4 bp −$3,743	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
Kraken Futures PF_XCUUSD	−0.0448%	1h	6.7943	−0.161%	$28K	$174K	20x	as long as short
edgeX COPPERUSDC	−0.0016%	4h	6.8104	+0.074%	$94K	$319K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8082	+0.043%	$32K	$36K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8080	+0.040%	$9.1M	$34.1M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8059	+0.009%	$470K	$990K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7950	−0.151%	$1.3M	$491K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8070	+0.025%	$26.8M	$4.9M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8100	+0.069%	$1.7M	$1.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8094	+0.061%	$741K	$1.6M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8130	+0.113%	$94K	$2.1M	25x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX COPPER-USDT	0.0000%	4h	6.8090	+0.054%	—	$7.4M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8130	+0.113%	$60K	$27K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.7910	−0.210%	$4.2M	$78K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8056	+0.004%	$177K	—	250x	as long as short
QFEX COPPER-USD	+0.0004%	1h	6.8070	+0.025%	$1.5M	$139K	20x	as long as short
BloFin COPPER-USDTshort	+0.0009%	4h	6.8090	+0.054%	$87K	$150K	100x
Vest HG-PERPlong	+0.0046%	1h	6.8053	long leg	—	$82K	25x
Paradex XCU-USD-PERP	+0.0050%	8h	6.8079	+0.039%	$1K	$3K	5x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8056	+0.004%	$10.4M	$5.1M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8055	+0.003%	$901	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8059	+0.009%	$57K	$55K	15x	as long as short
Lighter XCU	+0.0056%	1h	6.8191	+0.203%	$477K	$45K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8058	+0.007%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8050	−0.004%	$258K	$25K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8150	+0.143%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8073	+0.029%	$311	—	10x	as long as short
Phoenix COPPER	+0.0118%	1h	6.8095	+0.062%	$45K	$30K	20x	as long as short
Extended XCU-USD	+0.0392%	1h	6.8055	+0.004%	$229K	$2.9M	20x	as long as short