Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.054%
Price spread now: Gate against Binance−0.296%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$950.947% of the position
Funding, last 7 days+0.276%+$28 on $10k
+Price spread, last 7 days+0.259%+$26 · spread now −0.296%, 7d avg −0.078%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.218% cheaper against Binance than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of −0.078%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COPPERUSDT | 6.8232 | 0 | get 0.0000% / 4h | 0m 44s | $9.1M | $32.9M | 100x |
| Short | Gate XCU_USDT | 6.8030 | 0 | get 0.0000% / 8h | 4h 00m | $1.3M | $495K | 100x |
Binance COPPERUSDT
Gate XCU_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $0
- Price spread: −0.296% → −0.078%
- −$21.81
- Slippage, 4 orders
- −$69.74
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$116.54
- Costs to cover
- 0.947%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; Gate: live order book, 2 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, 11 min ago | 0.73 bp | 6.5 bp −$7 | 12.7 bp −$127 | 57.3 bp −$5,729 | doesn't fit |
| Sell Gate live order book, 2 min ago | 1.47 bp | 42.6 bp −$43 | 222.9 bp −$2,229 | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:COPPER | −0.0045% | 1h | 6.8206 | −0.038% | $10.5M | $4.8M | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8272 | +0.059% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDTlong | 0.0000% | 4h | 6.8232 | long leg | $9.1M | $32.9M | 100x | |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8206 | −0.038% | $480K | $958K | 50x | as long as short |
| Gate XCU_USDTshort | 0.0000% | 8h | 6.8030 | −0.296% | $1.3M | $495K | 100x | |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8230 | −0.003% | $26.0M | $4.3M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8230 | −0.003% | $2.5M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8213 | −0.027% | $743K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8200 | −0.047% | $89K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8230 | −0.003% | — | $6.6M | 20x | as long as short |
tradeXYZ xyz:COPPER
Aster XCUUSDT
OKX XCU-USDT-SWAP
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 | 6.8220 | −0.017% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8190 | −0.061% | $4.2M | $77K | 100x | as long as short |
| edgeX COPPERUSDC | 0.0000% | 4h | 6.8183 | −0.072% | $94K | $319K | 20x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8258 | +0.038% | $178K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0009% | 1h | 6.8230 | −0.003% | $1.5M | $129K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8342 | +0.161% | $477K | $40K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8254 | +0.032% | $266K | $2.7M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8251 | +0.028% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8229 | −0.004% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8215 | −0.025% | $903 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8141 | −0.133% | $57K | $55K | 15x | as long as short |
| BloFin COPPER-USDT | +0.0054% | 4h | 6.8220 | −0.017% | $88K | $143K | 100x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8265 | +0.049% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8210 | −0.032% | $290K | $32K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8280 | +0.071% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8220 | −0.018% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0164% | 1h | 6.8195 | −0.054% | $45K | $23K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0291% | 1h | 6.8187 | −0.066% | $34K | $176K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
edgeX COPPERUSDC
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
Lighter XCU
Extended XCU-USD
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
BloFin COPPER-USDT
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD