Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.085%
Price spread now: Extended against Binance−0.007%7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs+$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$210.213% of the position
Funding, last 7 days+0.366%+$37 on $10k
+Price spread, last 7 days+0.035%+$4 · spread now −0.007%, 7d avg +0.020%
=Together, before fees+0.401%+ Points / potential airdropExtended: Active · farm board+$40 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.027% cheaper against Binance than usual: you would sell low and buy high (spread −0.007% now, against its 7-day average of +0.020%). If the spread goes back, that is −$3 on $10k: about 2.9 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.366% in total) that is about 13 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COPPERUSDT | 6.8307 | 0 | get 0.0000% / 4h | 2h 55m | $9.1M | $33.0M | 100x |
| Short | Extended XCU-USD | 6.8302 | 0.0032 | get 0.0004% / 1h | 55m 38s | $271K | $2.5M | 20x |
Binance COPPERUSDT
Extended XCU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $6.72
- Price spread: −0.007% → +0.020%
- −$2.75
- Slippage, 4 orders
- −$6.29
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$17.32
- Costs to cover
- 0.213%
- Break-even
- 25.0 days
Slippage from Binance: live order book, 1 min ago; Extended: live order book, 3 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, 1 min ago | 0.73 bp | 5.9 bp −$6 | 9.9 bp −$99 | 51.6 bp −$5,162 | doesn't fit |
| Sell Extended live order book, 3 min ago | 0.44 bp | 3.8 bp −$4 | 60.1 bp −$601 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCUUSD | −0.0480% | 1h | 6.8290 | −0.025% | $35K | $176K | 20x | as long as short |
| QFEX COPPER-USD | −0.0001% | 1h | 6.8290 | −0.024% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8309 | +0.004% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDTlong | 0.0000% | 4h | 6.8307 | long leg | $9.1M | $33.0M | 100x | |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8266 | −0.060% | $490K | $972K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8100 | −0.303% | $1.3M | $519K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8300 | −0.010% | $26.8M | $4.6M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8290 | −0.024% | $2.5M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8293 | −0.020% | $741K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8281 | −0.038% | $87K | $2.2M | 25x | as long as short |
Kraken Futures PF_XCUUSD
QFEX COPPER-USD
Aster XCUUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX COPPER-USDT | 0.0000% | 4h | 6.8290 | −0.024% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8310 | +0.005% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8170 | −0.200% | $4.2M | $79K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8290 | −0.024% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0009% | 4h | 6.8272 | −0.051% | $95K | $320K | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0011% | 1h | 6.8275 | −0.046% | $10.6M | $4.9M | 20x | as long as short |
| BloFin COPPER-USDT | +0.0016% | 4h | 6.8280 | −0.039% | $88K | $138K | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8405 | +0.144% | $478K | $39K | 20x | as long as short |
| Extended XCU-USDshort | +0.0032% | 1h | 6.8302 | −0.007% | $271K | $2.5M | 20x | |
| Vest HG-PERP | +0.0046% | 1h | 6.8293 | −0.020% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8307 | 0.000% | $45K | $23K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8286 | −0.030% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8276 | −0.045% | $904 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8241 | −0.096% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8302 | −0.007% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8270 | −0.054% | $278K | $35K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8350 | +0.063% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8289 | −0.026% | $312 | — | 10x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
tradeXYZ xyz:COPPER
BloFin COPPER-USDT
Lighter XCU
Vest HG-PERP
Phoenix COPPER
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP