Funding you earn now, next payment 00:00 UTC+0.0055%/8h= +6.0% APRnext payment +$0.28 per $10,000 · paid last 24h −0.043%
Price spread now: BloFin against Bitget−0.044%85s7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$360.363% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 3 days (all we have)+0.048%+$5 · spread now −0.044%, 7d avg −0.006%
=Funding pays, the price is against you. BloFin is 0.038% cheaper against Bitget than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of −0.006%). If the spread goes back, that is −$4 on $10k: about 2.3 days of funding at the current rate (+$2 a day). The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget COPPERUSDT | 6.8080 | 0 | get 0.0000% / 4h | 1m 51s | $1.7M | $1.0M | 100x |
| Short | BloFin COPPER-USDT | 6.8050 | 0.0055 | get 0.0028% / 4h | 1m 51s | $87K | $149K | 100x |
Bitget COPPERUSDT
BloFin COPPER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- $11.56
- Price spread: −0.044% → −0.006%
- −$3.81
- Slippage, 4 orders
- −$12.32
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$28.58
- Costs to cover
- 0.363%
- Break-even
- 24.3 days
Slippage from Bitget: live order book, 5 min ago; BloFin: live order book, 60 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 Bitget live order book, 5 min ago | 0.73 bp | 8.1 bp −$8 | 14.7 bp −$147 | 75.2 bp −$7,518 | doesn't fit |
| Sell BloFin live order book, 60 min ago | 1.47 bp | 7.5 bp −$7 | 8.5 bp −$85 | 40.2 bp −$4,021 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX COPPERUSDC | −0.0019% | 4h | 6.8005 | −0.111% | $93K | $317K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8057 | −0.034% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8060 | −0.029% | $9.0M | $34.1M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8032 | −0.071% | $467K | $979K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7920 | −0.235% | $1.3M | $493K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8050 | −0.044% | $26.9M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDTlong | 0.0000% | 4h | 6.8080 | long leg | $1.7M | $1.0M | 100x | |
| Variational Omni COPPER | 0.0000% | 4h | 6.8056 | −0.036% | $740K | $1.6M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8070 | −0.015% | $89K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8050 | −0.044% | — | $7.4M | 20x | as long as short |
edgeX COPPERUSDC
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
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 | 6.8090 | +0.015% | $60K | $27K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7940 | −0.206% | $4.2M | $78K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8029 | −0.076% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0013% | 1h | 6.8040 | −0.059% | $1.5M | $139K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8148 | +0.100% | $477K | $45K | 20x | as long as short |
| Phoenix COPPER | +0.0035% | 1h | 6.8043 | −0.054% | $45K | $30K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8027 | −0.078% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8066 | −0.020% | $1K | $3K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8024 | −0.082% | $10.4M | $5.1M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8030 | −0.073% | $901 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8002 | −0.115% | $57K | $55K | 15x | as long as short |
| BloFin COPPER-USDTshort | +0.0055% | 4h | 6.8050 | −0.044% | $87K | $149K | 100x | |
| Pacifica COPPER | +0.0100% | 1h | 6.8056 | −0.035% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8020 | −0.088% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8100 | +0.029% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8038 | −0.062% | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0312% | 1h | 6.7939 | −0.207% | $28K | $174K | 20x | as long as short |
| Extended XCU-USD | +0.0536% | 1h | 6.8037 | −0.063% | $230K | $2.9M | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
Lighter XCU
Phoenix COPPER
Vest HG-PERP
Paradex XCU-USD-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD
Extended XCU-USD