Funding you earn now, next payment 00:00 UTC+0.0152%/8h= +16.6% APRpaid last 24h +0.046%
Price spread now: Extended against Bitget−0.063%7-day average +0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$350.351% of the position
Funding, last 7 days+0.327%+$33 on $10k
+Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.063%, 7d avg +0.045%
=Together, before fees+0.457%+ Points / potential airdropExtended: Active · farm board+$46 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.109% cheaper against Bitget than usual: you would sell low and buy high (spread −0.063% now, against its 7-day average of +0.045%). If the spread goes back, that is −$11 on $10k: about 2.4 days of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget COPPERUSDT | 6.8040 | 0 | get 0.0000% / 4h | 55m 31s | $1.7M | $1.0M | 100x |
| Short | Extended XCU-USD | 6.7997 | 0.0152 | get 0.0019% / 1h | 55m 31s | $231K | $2.9M | 20x |
Bitget COPPERUSDT
Extended XCU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $31.92
- Price spread: −0.063% → +0.045%
- −$10.88
- Slippage, 4 orders
- −$18.1
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$14.06
- Costs to cover
- 0.351%
- Break-even
- 10.1 days
Slippage from Bitget: live order book, 1 min ago; Extended: live order book, 3 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, 1 min ago | 1.47 bp | 10.7 bp −$11 | 18.0 bp −$180 | 80.0 bp −$8,001 | doesn't fit |
| Sell Extended live order book, 3 min ago | 1.03 bp | 4.6 bp −$5 | 58.9 bp −$589 | 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 | −0.0016% | 4h | 6.8050 | +0.015% | $87K | $149K | 100x | as long as short |
| edgeX COPPERUSDC | −0.0001% | 4h | 6.8016 | −0.036% | $93K | $317K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8014 | −0.038% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8031 | −0.013% | $9.0M | $34.7M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7971 | −0.101% | $467K | $1.2M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7880 | −0.235% | $1.3M | $493K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8030 | −0.015% | $27.0M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDTlong | 0.0000% | 4h | 6.8040 | long leg | $1.7M | $1.0M | 100x | |
| Variational Omni COPPER | 0.0000% | 4h | 6.8036 | −0.006% | $739K | $1.6M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8055 | +0.022% | $91K | $2.2M | 25x | as long as short |
BloFin COPPER-USDT
edgeX COPPERUSDC
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Variational Omni COPPER
GRVT COPPER_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX COPPER-USDT | 0.0000% | 4h | 6.8020 | −0.029% | — | $7.7M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8040 | 0.000% | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7910 | −0.191% | $4.2M | $81K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.7992 | −0.070% | $176K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0013% | 1h | 6.8010 | −0.044% | $1.5M | $138K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8104 | +0.094% | $476K | $45K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7987 | −0.078% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8020 | −0.029% | $1K | $3K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.7990 | −0.073% | $10.4M | $5.4M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7997 | −0.063% | $900 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7970 | −0.103% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8022 | −0.027% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8010 | −0.044% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8100 | +0.088% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8018 | −0.033% | $311 | — | 10x | as long as short |
| Extended XCU-USDshort | +0.0152% | 1h | 6.7997 | −0.063% | $231K | $2.9M | 20x | |
| Kraken Futures PF_XCUUSD | +0.0312% | 1h | 6.7934 | −0.156% | $28K | $173K | 20x | as long as short |
| Phoenix COPPER | +0.0329% | 1h | 6.8005 | −0.051% | $45K | $30K | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
Lighter XCU
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
Phoenix COPPER