I have two open file objects, dest and src. File object dest is opened for writing, with the seek position placed at some offset within th         
        
Since Python 3.8, you can use shutil.copyfile (and others from shutil) which will internally use zero-copy if possible, such as os.sendfile, and if not possible, fall back to a simple read-write loop.
See the shutil docs for details. Or issue 33671 (Efficient zero-copy for shutil.copy* functions (Linux, OSX and Win)). And the corresponding (merged) pull request.
You might also be interested in copy-on-write support or server-side copy support. See here, here. The os.copy_file_range (since Python 3.8) would do that. See issue 37159 (Use copy_file_range() in shutil.copyfile()) (maybe Python 3.9 or 3.10).