Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.02 per $10,000 · paid last 24h −0.035%
Price spread now: edgeX against Bitget−0.019%84s7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as 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−$470.470% of the position
Funding, last 7 days−0.029%−$3 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.019%, 7d avg −0.024%
=Together, before fees−0.018%+ Points / potential airdropedgeX: Active · farm board−$2 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget COPPERUSDT | 6.8320 | 0 | get 0.0000% / 4h | 48m 12s | $1.7M | $987K | 100x |
| Short | edgeX COPPERUSDC | 6.8307 | 0.0004 | get 0.0002% / 4h | 48m 12s | $95K | $318K | 20x |
Bitget COPPERUSDT
edgeX COPPERUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $0.76
- Price spread: −0.019% → −0.024%
- $0.48
- Slippage, 4 orders
- −$26.04
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$45.79
- Costs to cover
- 0.470%
- Break-even
- 426.3 days
Slippage from Bitget: live order book, 4 min ago; edgeX: live order book, 10 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, 4 min ago | 0.73 bp | 9.4 bp −$9 | 22.6 bp −$226 | 82.8 bp −$8,283 | doesn't fit |
| Sell edgeX live order book, 10 min ago | 7.31 bp | 12.6 bp −$13 | 24.1 bp −$241 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XCUUSDT | 0.0000% | 4h | 6.8298 | −0.032% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8303 | −0.025% | $9.0M | $32.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8288 | −0.047% | $472K | $951K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8110 | −0.307% | $1.3M | $494K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8300 | −0.029% | $26.0M | $4.2M | 100x | as long as short |
| Bitget COPPERUSDTlong | 0.0000% | 4h | 6.8320 | long leg | $1.7M | $987K | 100x | |
| Variational Omni COPPER | 0.0000% | 4h | 6.8313 | −0.010% | $743K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8340 | +0.029% | $93K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8300 | −0.029% | — | $6.7M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8350 | +0.044% | $61K | $24K | 75x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8150 | −0.249% | $4.2M | $76K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8273 | −0.069% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDCshort | +0.0004% | 4h | 6.8307 | −0.019% | $95K | $318K | 20x | |
| QFEX COPPER-USD | +0.0009% | 1h | 6.8290 | −0.044% | $1.5M | $129K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8403 | +0.121% | $478K | $40K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0037% | 4h | 6.8330 | +0.015% | $88K | $144K | 100x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8272 | −0.070% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8291 | −0.042% | $2K | $2K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8270 | −0.073% | $10.5M | $4.8M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8273 | −0.069% | $904 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8270 | −0.073% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8310 | −0.014% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8290 | −0.044% | $258K | $21K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8360 | +0.059% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8288 | −0.047% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0164% | 1h | 6.8322 | +0.003% | $45K | $23K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0291% | 1h | 6.8243 | −0.113% | $35K | $179K | 20x | as long as short |
| Extended XCU-USD | +0.0800% | 1h | 6.8277 | −0.062% | $221K | $2.7M | 20x | as long as short |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
Lighter XCU
BloFin COPPER-USDT
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
Phoenix COPPER
Kraken Futures PF_XCUUSD
Extended XCU-USD