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

COPPER

RWAall COPPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h +0.016%
Price spread now: Pacifica against Vest+0.050%7-day average · 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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVest: Active · Pacifica: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Pacifica is 0.050% dearer against Vest than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest HG-PERP6.79270.0046pay 0.0006% / 1h47m 58s$82K25x
ShortPacifica COPPER6.79610.0100get 0.0013% / 1h47m 58s$23K$14K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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

Funding earned
$11.41
Price spread: +0.050% → 0.000%
$4.96
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$6.37
Costs to cover
0.100%
Break-even
3.1 days
Slippage unknown: Vest: no order-book sample; Pacifica: no order-book sample. 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 Vest no order-book sample
Sell Pacifica no order-book sample
Vest and Pacifica: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:COPPER−0.0040%1h6.7923−0.006%$10.4M$5.8M20xas long as short
QFEX COPPER-USD−0.0015%1h6.7950+0.034%$1.5M$135K20xas long as short
edgeX COPPERUSDC−0.0002%4h6.7945+0.027%$93K$317K20xas long as short
Aster XCUUSDT0.0000%4h6.7941+0.021%$32K$52K50xas long as short
Binance COPPERUSDT0.0000%4h6.7963+0.053%$8.9M$34.7M100xas long as short
OKX XCU-USDT-SWAP0.0000%8h6.7884−0.063%$466K$1.2M50xas long as short
Gate XCU_USDT0.0000%8h6.7810−0.172%$1.3M$499K100xas long as short
MEXC COPPER_USDT0.0000%4h6.7960+0.049%$27.0M$5.1M100xas long as short
Bitget COPPERUSDT0.0000%4h6.7960+0.049%$1.7M$1.0M100xas long as short
Variational Omni COPPER0.0000%4h6.7939+0.018%$735K$1.6Mas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT COPPER_USDT_Perp0.0000%4h6.7950+0.033%$90K$2.2M25xas long as short
SunX COPPER-USDT0.0000%4h6.7970+0.063%$7.7M20xas long as short
HTX COPPER-USDT0.0000%4h6.7990+0.093%$60K$28K75xas long as short
Phemex COPPERUSDT0.0000%4h6.7950+0.034%$4.2M$82K100xas long as short
gTrade (Gains Network) HG/USDL +0.0002% / S −0.0001%1h6.7932+0.007%$176K10xas long as short
Lighter XCU+0.0032%1h6.8003+0.112%$476K$45K20xas long as short
Extended XCU-USD+0.0032%1h6.7932+0.007%$229K$2.9M20xas long as short
BloFin COPPER-USDT+0.0045%4h6.7940+0.019%$87K$149K100xas long as short
Vest HG-PERPlong+0.0046%1h6.7927long leg$82K25x
Paradex XCU-USD-PERP+0.0050%8h6.7964+0.055%$1K$3K5xas long as short
SoDEX COPPER-USD+0.0050%1h6.7920−0.010%$899$3K20xas long as short
Ondo Perps COPPER-USD.P+0.0050%1h6.7989+0.091%$56K$32K15xas long as short
Kraken Futures PF_XCUUSD+0.0060%1h6.7958+0.045%$26K$176K20xas long as short
Pacifica COPPERshort+0.0100%1h6.7961+0.050%$23K$14K10x
KuCoin COPPERUSDTM+0.0100%4h6.7930+0.004%$258K$26K50xas long as short
Orderly PERP_COPPER_USDC_mythos+0.0100%8h6.8010+0.122%$3K10xas long as short
Aevo COPPER-PERP+0.0104%1h6.7954+0.040%$31110xas long as short
Phoenix COPPER+0.0329%1h6.7942+0.022%$45K$30K20xas long as short