Funding you earn now, next payment 12:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.033%
Price spread now: Gate against BloFin−0.249%7-day average −0.087% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$750.753% of the position
Funding, last 7 days+0.276%+$28 on $10k
+Price spread, last 4 days (all we have)+0.192%+$19 · spread now −0.249%, 7d avg −0.087%
=Funding pays, the price is against you. Gate is 0.161% cheaper against BloFin than usual: you would sell low and buy high (spread −0.249% now, against its 7-day average of −0.087%). If the spread goes back, that is −$16 on $10k: about 10 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.276% in total) that is about 4.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin COPPER-USDT | 6.8350 | −0.0054 | get 0.0027% / 4h | 3h 57m | $89K | $146K | 100x |
| Short | Gate XCU_USDT | 6.8180 | 0 | get 0.0000% / 8h | 7h 57m | $1.3M | $503K | 100x |
BloFin COPPER-USDT
Gate XCU_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BloFin. 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
- $11.25
- Price spread: −0.249% → −0.087%
- −$16.14
- Slippage, 4 orders
- −$48.31
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$80.2
- Costs to cover
- 0.753%
- Break-even
- 56.9 days
Slippage from BloFin: live order book, 70 min ago; Gate: live order book, 5 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 BloFin live order book, 70 min ago | 1.47 bp | 7.5 bp −$7 | 9.1 bp −$91 | 48.3 bp −$4,833 | 121.0 bp −$60.5K |
| Sell Gate live order book, 5 min ago | 1.47 bp | 31.8 bp −$32 | 220.0 bp −$2,200 | 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-USDTlong | −0.0054% | 4h | 6.8350 | long leg | $89K | $146K | 100x | |
| Aster XCUUSDT | 0.0000% | 4h | 6.8326 | −0.035% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8350 | 0.000% | $9.0M | $33.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8286 | −0.094% | $503K | $985K | 50x | as long as short |
| Gate XCU_USDTshort | 0.0000% | 8h | 6.8180 | −0.249% | $1.3M | $503K | 100x | |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8340 | −0.015% | $26.6M | $5.1M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8330 | −0.029% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8246 | −0.152% | $765K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8330 | −0.029% | $89K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8350 | 0.000% | — | $6.0M | 20x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
MEXC COPPER_USDT
Bitget COPPERUSDT
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 | 6.8320 | −0.044% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8210 | −0.205% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8297 | −0.078% | $178K | — | 250x | as long as short |
| tradeXYZ xyz:COPPER | +0.0006% | 1h | 6.8286 | −0.094% | $10.6M | $5.0M | 20x | as long as short |
| QFEX COPPER-USD | +0.0018% | 1h | 6.8330 | −0.029% | $1.5M | $140K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0018% | 4h | 6.8292 | −0.085% | $95K | $317K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8302 | −0.070% | $275K | $2.0M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8294 | −0.082% | — | $82K | 25x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8288 | −0.091% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8309 | −0.060% | $2K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8213 | −0.200% | $57K | $55K | 15x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0076% | 1h | 6.8307 | −0.063% | $34K | $178K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8302 | −0.070% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8300 | −0.073% | $278K | $36K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8390 | +0.059% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8330 | −0.029% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0106% | 1h | 6.8285 | −0.095% | $45K | $22K | 20x | as long as short |
| Lighter XCU | +0.0112% | 1h | 6.8428 | +0.114% | $479K | $26K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
tradeXYZ xyz:COPPER
QFEX COPPER-USD
edgeX COPPERUSDC
Extended XCU-USD
Vest HG-PERP
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Lighter XCU