Funding you earn now, next payment 12:00 UTC+0.0111%/8h= +12.2% APRnext payment +$0.56 per $10,000 · paid last 24h +0.058%
Price spread now: KuCoin against BloFin+0.088%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1421.419% of the position
Funding, last 7 days+0.488%+$49 on $10k
+Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.088%, 7d avg +0.018%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.070% dearer against BloFin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.018%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin COPPER-USDT | 6.8500 | −0.0011 | get 0.0006% / 4h | 1h 06m | $90K | $154K | 100x |
| Short | KuCoin COPPERUSDTM | 6.8560 | 0.0100 | get 0.0050% / 4h | 1h 06m | $267K | $39K | 50x |
BloFin COPPER-USDT
KuCoin COPPERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $23.38
- Price spread: +0.088% → +0.018%
- $6.98
- Slippage, 4 orders
- −$117.89
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$111.53
- Costs to cover
- 1.419%
- Break-even
- 40.4 days
Slippage from BloFin: live order book, 30 min ago; KuCoin: live order book, 27 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, 30 min ago | 1.46 bp | 7.5 bp −$7 | 10.3 bp −$103 | 30.9 bp −$3,092 | 110.8 bp −$55.4K |
| Sell KuCoin live order book, 27 min ago | 6.58 bp | 62.5 bp −$62 | 546.5 bp −$5,465 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COPPER-USDTlong | −0.0011% | 4h | 6.8500 | long leg | $90K | $154K | 100x | |
| Aster XCUUSDT | 0.0000% | 4h | 6.8557 | +0.084% | $35K | $31K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8560 | +0.087% | $9.1M | $32.1M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8489 | −0.016% | $519K | $810K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8370 | −0.190% | $1.3M | $181K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8550 | +0.073% | $26.3M | $5.7M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8530 | +0.044% | $3.9M | $2.1M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8478 | −0.032% | $773K | $540K | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8539 | +0.057% | $91K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8550 | +0.073% | — | $4.6M | 20x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8560 | +0.088% | $61K | $71K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8420 | −0.117% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8516 | +0.024% | $179K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0011% | 1h | 6.8530 | +0.044% | $1.5M | $151K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0016% | 4h | 6.8505 | +0.007% | $95K | $320K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8634 | +0.196% | $481K | $25K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8534 | +0.049% | $267K | $1.7M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8529 | +0.042% | — | $36K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8550 | +0.073% | $10.9M | $3.9M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8532 | +0.047% | $908 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8525 | +0.036% | $2K | $825 | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8526 | +0.038% | $59K | $54K | 15x | as long as short |
| Phoenix COPPER | +0.0093% | 1h | 6.8543 | +0.063% | $45K | $18K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8546 | +0.067% | $24K | $13K | 10x | as long as short |
| KuCoin COPPERUSDTMshort | +0.0100% | 4h | 6.8560 | +0.088% | $267K | $39K | 50x | |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8600 | +0.146% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8537 | +0.054% | $313 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0336% | 1h | 6.8539 | +0.057% | $34K | $180K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
edgeX COPPERUSDC
Lighter XCU
Extended XCU-USD
Vest HG-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Phoenix COPPER
Pacifica COPPER
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD