Funding you earn now, next payment 12:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.09 per $10,000 · paid last 24h −0.002%
Price spread now: edgeX against Binance+0.014%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$390.387% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.282%−$28 · spread now +0.014%, 7d avg −0.011%
=Together, before fees−0.279%+ Points / potential airdropedgeX: Active · farm board−$28 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and edgeX is 0.025% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COPPERUSDT | 6.8310 | 0 | get 0.0000% / 4h | 3h 53m | $9.1M | $33.5M | 100x |
| Short | edgeX COPPERUSDC | 6.8320 | 0.0018 | get 0.0009% / 4h | 3h 53m | $95K | $318K | 20x |
Binance COPPERUSDT
edgeX COPPERUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $3.81
- Price spread: +0.014% → −0.011%
- $2.54
- Slippage, 4 orders
- −$19.75
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$32.4
- Costs to cover
- 0.387%
- Break-even
- 66.6 days
Slippage from Binance: live order book, 3 min ago; edgeX: live order book, 45 min ago.
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 Binance live order book, 3 min ago | 0.73 bp | 7.7 bp −$8 | 11.6 bp −$116 | 49.8 bp −$4,980 | doesn't fit |
| Sell edgeX live order book, 45 min ago | 7.32 bp | 12.6 bp −$13 | 24.1 bp −$241 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COPPER-USDT | −0.0037% | 4h | 6.8280 | −0.044% | $89K | $145K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8320 | +0.015% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDTlong | 0.0000% | 4h | 6.8310 | long leg | $9.1M | $33.5M | 100x | |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8258 | −0.076% | $495K | $992K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8150 | −0.234% | $1.3M | $503K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8310 | 0.000% | $26.5M | $5.2M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8280 | −0.044% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8344 | +0.049% | $767K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8300 | −0.015% | $89K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8280 | −0.044% | — | $6.0M | 20x | as long as short |
BloFin COPPER-USDT
Aster XCUUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8370 | +0.088% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8150 | −0.234% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8238 | −0.105% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDCshort | +0.0018% | 4h | 6.8320 | +0.014% | $95K | $318K | 20x | |
| QFEX COPPER-USD | +0.0018% | 1h | 6.8300 | −0.015% | $1.5M | $140K | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0031% | 1h | 6.8259 | −0.075% | $10.6M | $4.9M | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8279 | −0.045% | $273K | $2.0M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8271 | −0.057% | — | $82K | 25x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8234 | −0.111% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8284 | −0.038% | $2K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8333 | +0.034% | $57K | $55K | 15x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0076% | 1h | 6.8228 | −0.121% | $34K | $178K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8264 | −0.068% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8300 | −0.015% | $266K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8330 | +0.029% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8271 | −0.057% | $312 | — | 10x | as long as short |
| Lighter XCU | +0.0112% | 1h | 6.8373 | +0.092% | $478K | $26K | 20x | as long as short |
| Phoenix COPPER | +0.0129% | 1h | 6.8255 | −0.081% | $45K | $22K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
tradeXYZ xyz:COPPER
Extended XCU-USD
Vest HG-PERP
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Lighter XCU
Phoenix COPPER