Funding you earn now, next payment 12:00 UTC+0.0010%/8h= +1.0% APRnext payment +$0.05 per $10,000 · paid last 24h +0.012%
Price spread now: SunX against BloFin−0.117%55s7-day average −0.010% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.244%+$24 on $10k
+Price spread, last 4 days (all we have)+0.147%+$15 · spread now −0.117%, 7d avg −0.010%
=Funding pays, the price is against you. SunX is 0.108% cheaper against BloFin than usual: you would sell low and buy high (spread −0.117% now, against its 7-day average of −0.010%). If the spread goes back, that is −$11 on $10k: about 37 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.244% in total) that is about 3.1 days. The two prices were read 55 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 | 6.8090 | −0.0010 | get 0.0005% / 4h | 3h 36m | $88K | $149K | 100x |
| Short | SunX COPPER-USDT | 6.8010 | 0 | get 0.0000% / 4h | 3h 36m | — | $5.9M | 20x |
BloFin COPPER-USDT
SunX COPPER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $2.01
- Price spread: −0.117% → −0.010%
- −$10.78
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$28.77
- Costs to cover
- 0.200%
- Break-even
- 107.0 days
Slippage unknown: BloFin: live order book, 21 min ago; SunX: live order book, 13 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 BloFin live order book, 21 min ago | 0.73 bp | 8.0 bp −$8 | 11.7 bp −$117 | 35.0 bp −$3,500 | doesn't fit |
| Sell SunX live order book, 13 min ago | 46.12 bp | doesn't fit | doesn't fit | 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 | −0.0010% | 4h | 6.8090 | long leg | $88K | $149K | 100x | |
| tradeXYZ xyz:COPPER | −0.0004% | 1h | 6.7990 | −0.147% | $10.7M | $4.3M | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8036 | −0.079% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8036 | −0.079% | $9.0M | $33.7M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7971 | −0.175% | $494K | $1.0M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7910 | −0.264% | $1.3M | $508K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8010 | −0.117% | $26.4M | $5.7M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8020 | −0.103% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8104 | +0.020% | $760K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8120 | +0.044% | $93K | $2.4M | 25x | as long as short |
tradeXYZ xyz:COPPER
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX COPPER-USDTshort | 0.0000% | 4h | 6.8010 | −0.117% | — | $5.9M | 20x | |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8010 | −0.117% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8030 | −0.088% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.7962 | −0.188% | $177K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0009% | 4h | 6.8102 | +0.018% | $94K | $319K | 20x | as long as short |
| QFEX COPPER-USD | +0.0018% | 1h | 6.8000 | −0.132% | $1.5M | $140K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.7976 | −0.167% | $273K | $1.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7967 | −0.181% | — | $82K | 25x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7982 | −0.159% | $900 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7980 | −0.161% | $1K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8014 | −0.112% | $57K | $53K | 15x | as long as short |
| Lighter XCU | +0.0072% | 1h | 6.8115 | +0.037% | $477K | $27K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0076% | 1h | 6.8020 | −0.103% | $34K | $178K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8009 | −0.119% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8010 | −0.117% | $265K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8090 | 0.000% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8004 | −0.126% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0129% | 1h | 6.8036 | −0.079% | $45K | $22K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
Extended XCU-USD
Vest HG-PERP
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Lighter XCU
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER