Funding you earn now, next payment 08:00 UTC+0.0060%/8h= +6.5% APRnext payment +$0.30 per $10,000 · paid last 24h −0.008%
Price spread now: MEXC against BloFin+0.044%79s7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$160.164% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.044%, 7d avg −0.009%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.053% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.009%. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin COPPER-USDT | 6.8280 | −0.0060 | get 0.0030% / 4h | 3h 25m | $88K | $135K | 100x |
| Short | MEXC COPPER_USDT | 6.8310 | 0 | get 0.0000% / 4h | 3h 25m | $25.8M | $4.4M | 100x |
BloFin COPPER-USDT
MEXC COPPER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $12.56
- Price spread: +0.044% → −0.009%
- $5.26
- Slippage, 4 orders
- −$4.4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $1.42
- Costs to cover
- 0.164%
- Break-even
- 6.2 days
Slippage from BloFin: live order book, 63 min ago; MEXC: 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 BloFin live order book, 63 min ago | 1.47 bp | 7.5 bp −$7 | 9.9 bp −$99 | 39.0 bp −$3,898 | 101.5 bp −$50.8K |
| Sell MEXC live order book, 3 min ago | 0.73 bp | 0.7 bp −$1 | 1.9 bp −$19 | 7.8 bp −$780 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCUUSD | −0.0404% | 1h | 6.8261 | −0.027% | $35K | $176K | 20x | as long as short |
| BloFin COPPER-USDTlong | −0.0060% | 4h | 6.8280 | long leg | $88K | $135K | 100x | |
| tradeXYZ xyz:COPPER | −0.0041% | 1h | 6.8291 | +0.016% | $10.6M | $4.9M | 20x | as long as short |
| QFEX COPPER-USD | −0.0003% | 1h | 6.8300 | +0.029% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8324 | +0.065% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8320 | +0.059% | $9.1M | $33.1M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8286 | +0.009% | $487K | $970K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8180 | −0.146% | $1.3M | $505K | 100x | as long as short |
| MEXC COPPER_USDTshort | 0.0000% | 4h | 6.8310 | +0.044% | $25.8M | $4.4M | 100x | |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8310 | +0.044% | $2.5M | $1.7M | 100x | as long as short |
Kraken Futures PF_XCUUSD
tradeXYZ xyz:COPPER
QFEX COPPER-USD
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
Bitget COPPERUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni COPPER | 0.0000% | 4h | 6.8302 | +0.033% | $740K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8290 | +0.015% | $97K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8310 | +0.044% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8330 | +0.073% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8190 | −0.132% | $4.2M | $78K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8310 | +0.043% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0010% | 4h | 6.8277 | −0.004% | $95K | $317K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8409 | +0.189% | $478K | $40K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8317 | +0.054% | $264K | $2.6M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8307 | +0.040% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8302 | +0.032% | $45K | $23K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8304 | +0.035% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8293 | +0.019% | $904 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8318 | +0.056% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8319 | +0.057% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8260 | −0.029% | $291K | $32K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8370 | +0.132% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8293 | +0.019% | $312 | — | 10x | as long as short |
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
Lighter XCU
Extended XCU-USD
Vest HG-PERP
Phoenix COPPER
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP