Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.037%
Price spread now: tradeXYZ against Binance−0.060%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$330.325% of the position
Funding, last 7 days+0.181%+$18 on $10k
+Price spread, last 7 days+0.036%+$4 · spread now −0.060%, 7d avg −0.016%
=Together, before fees+0.218%+ Points / potential airdroptradeXYZ: Active · farm board+$22 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.043% cheaper against Binance than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of −0.016%). If the spread goes back, that is −$4 on $10k: about 2.9 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COPPERUSDT | 6.8270 | 0 | get 0.0000% / 4h | 49m 27s | $9.0M | $33.9M | 100x |
| Short | tradeXYZ xyz:COPPER | 6.8229 | 0.0050 | get 0.0006% / 1h | 49m 27s | $10.6M | $5.0M | 20x |
Binance COPPERUSDT
tradeXYZ xyz:COPPERFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $10.5
- Price spread: −0.060% → −0.016%
- −$4.35
- Slippage, 4 orders
- −$4.54
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$26.39
- Costs to cover
- 0.325%
- Break-even
- 24.6 days
Slippage from Binance: live order book, 7 min ago; tradeXYZ: live order book, 9 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, 7 min ago | 0.73 bp | 6.2 bp −$6 | 17.1 bp −$171 | 64.5 bp −$6,452 | doesn't fit |
| Sell tradeXYZ live order book, 9 min ago | 0.37 bp | 9.7 bp −$10 | doesn't fit | 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 | −0.0045% | 4h | 6.8270 | 0.000% | $88K | $143K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8250 | −0.029% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDTlong | 0.0000% | 4h | 6.8270 | long leg | $9.0M | $33.9M | 100x | |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8193 | −0.112% | $494K | $1.0M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8110 | −0.234% | $1.3M | $528K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8250 | −0.029% | $26.0M | $5.0M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8260 | −0.014% | $2.9M | $2.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8252 | −0.026% | $753K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8277 | +0.011% | $94K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8240 | −0.043% | — | $6.3M | 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 | 6.8270 | 0.000% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8200 | −0.102% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8220 | −0.073% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0005% | 4h | 6.8245 | −0.036% | $95K | $318K | 20x | as long as short |
| QFEX COPPER-USD | +0.0017% | 1h | 6.8240 | −0.043% | $1.5M | $128K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8218 | −0.076% | — | $82K | 25x | as long as short |
| tradeXYZ xyz:COPPERshort | +0.0050% | 1h | 6.8229 | −0.060% | $10.6M | $5.0M | 20x | |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8219 | −0.074% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8236 | −0.050% | $2K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8257 | −0.019% | $57K | $55K | 15x | as long as short |
| Extended XCU-USD | +0.0056% | 1h | 6.8210 | −0.088% | $272K | $2.2M | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8229 | −0.059% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8220 | −0.073% | $278K | $37K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8300 | +0.044% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8250 | −0.029% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0106% | 1h | 6.8231 | −0.057% | $45K | $22K | 20x | as long as short |
| Lighter XCU | +0.0128% | 1h | 6.8360 | +0.132% | $478K | $26K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0358% | 1h | 6.8243 | −0.039% | $34K | $177K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
Vest HG-PERP
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Extended XCU-USD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Lighter XCU
Kraken Futures PF_XCUUSD