Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.084%
Price spread now: Orderly against Binance+0.030%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.030% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COPPERUSDT | 6.8180 | 0 | get 0.0000% / 4h | 1h 34m | $9.0M | $32.4M | 100x |
| Short | Orderly PERP_COPPER_USDC_mythos | 6.8200 | 0.0100 | get 0.0100% / 8h | 5h 34m | $3K | — | 10x |
Binance COPPERUSDT
Orderly PERP_COPPER_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $21
- Price spread: +0.030% → 0.000%
- $2.97
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $7.97
- Costs to cover
- 0.160%
- Break-even
- 4.3 days
Slippage unknown: Binance: live order book, 7 min ago; Orderly: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 7 min ago | 0.73 bp | 5.7 bp −$6 | 9.7 bp −$97 | 53.1 bp −$5,307 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COPPER-USD | 0.0000% | 1h | 6.8150 | −0.044% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8193 | +0.020% | $32K | $21K | 50x | as long as short |
| Binance COPPERUSDTlong | 0.0000% | 4h | 6.8180 | long leg | $9.0M | $32.4M | 100x | |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8139 | −0.060% | $469K | $942K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7990 | −0.278% | $1.3M | $485K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8180 | 0.000% | $26.0M | $4.2M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8180 | 0.000% | $1.7M | $999K | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8152 | −0.041% | $742K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8150 | −0.044% | $87K | $2.0M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8160 | −0.029% | — | $6.7M | 20x | as long as short |
QFEX COPPER-USD
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 | 6.8170 | −0.014% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8040 | −0.205% | $4.2M | $75K | 100x | as long as short |
| BloFin COPPER-USDT | +0.0002% | 4h | 6.8150 | −0.044% | $88K | $143K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8139 | −0.060% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0011% | 4h | 6.8131 | −0.072% | $94K | $318K | 20x | as long as short |
| Phoenix COPPER | +0.0012% | 1h | 6.8154 | −0.038% | $45K | $23K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8134 | −0.067% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8157 | −0.034% | $1K | $2K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8151 | −0.042% | $10.5M | $4.8M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8135 | −0.066% | $902 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8127 | −0.077% | $57K | $55K | 15x | as long as short |
| Lighter XCU | +0.0064% | 1h | 6.8274 | +0.138% | $478K | $39K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8159 | −0.031% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8160 | −0.029% | $258K | $21K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythosshort | +0.0100% | 8h | 6.8200 | +0.030% | $3K | — | 10x | |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8149 | −0.045% | $312 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0195% | 1h | 6.8121 | −0.086% | $32K | $176K | 20x | as long as short |
| Extended XCU-USD | +0.0640% | 1h | 6.8147 | −0.048% | $223K | $2.8M | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
BloFin COPPER-USDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
Phoenix COPPER
Vest HG-PERP
Paradex XCU-USD-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD
Extended XCU-USD