Funding you earn now, next payment 12:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.50 per $10,000 · paid last 24h +0.052%
Price spread now: KuCoin against Bitget+0.015%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$144as in the Price arb table
costs, in and out, $10k−$1441.440% of the position
Funding, last 7 days+0.467%+$47 on $10k
+Price spread, last 4 days (all we have)+0.049%+$5 · spread now +0.015%, 7d avg +0.018%
=The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget COPPERUSDT | 6.8460 | 0 | get 0.0000% / 4h | 9m 39s | $3.9M | $2.2M | 100x |
| Short | KuCoin COPPERUSDTM | 6.8470 | 0.0100 | get 0.0050% / 4h | 9m 39s | $251K | $43K | 50x |
Bitget COPPERUSDT
KuCoin COPPERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: +0.015% → +0.018%
- −$0.31
- Slippage, 4 orders
- −$119.96
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$123.27
- Costs to cover
- 1.440%
- Break-even
- 48.1 days
Slippage from Bitget: live order book, 1 min ago; KuCoin: live order book, 14 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 | 1.46 bp | 10.3 bp −$10 | 20.1 bp −$201 | 83.1 bp −$8,307 | doesn't fit |
| Sell KuCoin live order book, 14 min ago | 14.60 bp | 67.0 bp −$67 | 448.1 bp −$4,481 | doesn't fit | doesn't fit |
COPPER on 28 exchanges
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 | 6.8485 | +0.036% | $28K | $41K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8480 | +0.029% | $9.2M | $32.9M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8389 | −0.104% | $534K | $824K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8270 | −0.278% | $1.3M | $174K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8480 | +0.029% | $25.6M | $5.9M | 100x | as long as short |
| Bitget COPPERUSDTlong | 0.0000% | 4h | 6.8460 | long leg | $3.9M | $2.2M | 100x | |
| Variational Omni COPPER | 0.0000% | 4h | 6.8456 | −0.006% | $780K | $560K | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8530 | +0.102% | $91K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8480 | +0.029% | — | $4.4M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8530 | +0.102% | $61K | $70K | 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 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8390 | −0.102% | $4.2M | $84K | 100x | as long as short |
| QFEX COPPER-USD | +0.0001% | 1h | 6.8470 | +0.015% | $1.5M | $151K | 20x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8433 | −0.039% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0011% | 4h | 6.8487 | +0.039% | $95K | $319K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0023% | 4h | 6.8480 | +0.029% | $90K | $158K | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8564 | +0.152% | $480K | $27K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8442 | −0.026% | $268K | $1.7M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8443 | −0.025% | — | $36K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8458 | −0.003% | $10.9M | $3.6M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8438 | −0.032% | $906 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8455 | −0.008% | $2K | $825 | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8403 | −0.083% | $59K | $54K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8456 | −0.005% | $25K | $13K | 10x | as long as short |
| KuCoin COPPERUSDTMshort | +0.0100% | 4h | 6.8470 | +0.015% | $251K | $43K | 50x | |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8530 | +0.102% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8451 | −0.014% | $313 | — | 10x | as long as short |
| Phoenix COPPER | +0.0140% | 1h | 6.8487 | +0.039% | $44K | $11K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0181% | 1h | 6.8456 | −0.006% | $34K | $180K | 20x | as long as short |
Phemex COPPERUSDT
QFEX COPPER-USD
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
BloFin COPPER-USDT
Lighter XCU
Extended XCU-USD
Vest HG-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Pacifica COPPER
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD