Funding you earn now, next payment 00:00 UTC−0.0124%/8h= −13.6% APRnext payment −$0.62 per $10,000 · paid last 24h −0.034%
Price spread now: Variational Omni against Bitget+0.008%7-day average −0.015% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.039%−$4 on $10k
+Price spread, last 7 days−0.018%−$2 · spread now +0.008%, 7d avg −0.015%
=Together, before fees−0.056%+ Points / potential airdropVariational Omni: Active · farm board−$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.023% dearer against Bitget than usual: you sell high and buy low (spread +0.008% now, against its 7-day average of −0.015%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 3 days (−0.039% in total) that is about 46 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget COPPERUSDT | 6.7940 | 0.0124 | pay 0.0062% / 4h | 2h 49m | $1.7M | $1.1M | 100x |
| Short | Variational Omni COPPER | 6.7945 | 0 | get 0.0000% / 4h | 2h 49m | $752K | $1.6M | — |
Bitget COPPERUSDT
Variational Omni COPPERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$26.04
- Price spread: +0.008% → −0.015%
- $2.3
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$35.74
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 3 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.
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, 3 min ago | 0.74 bp | 12.2 bp −$12 | 25.6 bp −$256 | 83.7 bp −$8,375 | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 2.98 bp | doesn't fit | 10.7 bp −$107 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX COPPERUSDC | −0.0010% | 4h | 6.7954 | +0.021% | $93K | $317K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7936 | −0.006% | $32K | $52K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7940 | 0.000% | $8.9M | $34.9M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7880 | −0.088% | $469K | $1.2M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7850 | −0.132% | $1.3M | $522K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7940 | 0.000% | $25.6M | $4.1M | 100x | as long as short |
| Variational Omni COPPERshort | 0.0000% | 4h | 6.7945 | +0.008% | $752K | $1.6M | — | |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7940 | 0.000% | — | $7.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.7980 | +0.059% | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7910 | −0.044% | $4.2M | $81K | 100x | as long as short |
edgeX COPPERUSDC
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.7889 | −0.075% | $176K | — | 25x | as long as short |
| BloFin COPPER-USDT | +0.0009% | 4h | 6.7930 | −0.015% | $87K | $147K | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8068 | +0.188% | $477K | $46K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.7922 | −0.027% | $234K | $2.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7905 | −0.052% | — | $82K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.7918 | −0.032% | $10.4M | $5.9M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7921 | −0.028% | $899 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7878 | −0.091% | $64K | $26K | 15x | as long as short |
| Paradex XCU-USD-PERP | +0.0052% | 8h | 6.7944 | +0.007% | $1K | $3K | 5x | as long as short |
| QFEX COPPER-USD | +0.0053% | 1h | 6.7940 | 0.000% | $1.5M | $138K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7934 | −0.009% | $23K | $16K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7930 | −0.015% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8020 | +0.118% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7946 | +0.009% | $311 | — | 10x | as long as short |
| Bitget COPPERUSDTlong | +0.0124% | 4h | 6.7940 | long leg | $1.7M | $1.1M | 100x | |
| GRVT COPPER_USDT_Perp | +0.0202% | 4h | 6.7950 | +0.015% | $94K | $2.2M | 25x | as long as short |
| Phoenix COPPER | +0.0329% | 1h | 6.7940 | 0.000% | $45K | $30K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0951% | 1h | 6.7935 | −0.008% | $26K | $177K | 20x | as long as short |
gTrade (Gains Network) HG/USD
BloFin COPPER-USDT
Lighter XCU
Extended XCU-USD
Vest HG-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Paradex XCU-USD-PERP
QFEX COPPER-USD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
GRVT COPPER_USDT_Perp
Phoenix COPPER
Kraken Futures PF_XCUUSD