Funding you earn now, next payment 03:00 UTC+0.0018%/8h= +1.9% APRpaid last 24h +0.039%
Price spread now: tradeXYZ against BloFin−0.028%48s7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as 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−$370.369% of the position
Funding, last 7 days+0.150%+$15 on $10k
+Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.028%, 7d avg +0.006%
=Together, before fees+0.177%+ Points / potential airdroptradeXYZ: Active · farm board+$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.034% cheaper against BloFin than usual: you would sell low and buy high (spread −0.028% now, against its 7-day average of +0.006%). If the spread goes back, that is −$3 on $10k: about 6.4 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.150% in total) that is about 38 hours. The two prices were read 48 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 | 6.8270 | 0.0032 | pay 0.0016% / 4h | 1h 02m | $88K | $143K | 100x |
| Short | tradeXYZ xyz:COPPER | 6.8251 | 0.0050 | get 0.0006% / 1h | 2m 13s | $10.5M | $4.8M | 20x |
BloFin COPPER-USDT
tradeXYZ xyz:COPPERFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $3.73
- Price spread: −0.028% → +0.006%
- −$3.39
- Slippage, 4 orders
- −$6.94
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$36.61
- Costs to cover
- 0.369%
- Break-even
- 75.8 days
Slippage from BloFin: live order book, 34 min ago; tradeXYZ: live order book, 7 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, 34 min ago | 0.73 bp | 6.7 bp −$7 | 10.2 bp −$102 | 27.7 bp −$2,766 | 105.2 bp −$52.6K |
| Sell tradeXYZ live order book, 7 min ago | 0.59 bp | 10.2 bp −$10 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX COPPER-USD | 0.0000% | 1h | 6.8270 | 0.000% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8263 | −0.011% | $32K | $21K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8290 | +0.029% | $9.0M | $32.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8238 | −0.047% | $471K | $947K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8090 | −0.264% | $1.3M | $493K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8280 | +0.015% | $26.0M | $4.2M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8320 | +0.073% | $1.7M | $986K | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8282 | +0.017% | $743K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8329 | +0.086% | $95K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8290 | +0.029% | — | $6.7M | 20x | as long as short |
QFEX COPPER-USD
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 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8300 | +0.044% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8140 | −0.190% | $4.2M | $76K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8243 | −0.040% | $178K | — | 250x | as long as short |
| Phoenix COPPER | +0.0012% | 1h | 6.8297 | +0.040% | $45K | $23K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0018% | 4h | 6.8295 | +0.037% | $95K | $319K | 20x | as long as short |
| BloFin COPPER-USDTlong | +0.0032% | 4h | 6.8270 | long leg | $88K | $143K | 100x | |
| Vest HG-PERP | +0.0046% | 1h | 6.8242 | −0.041% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8254 | −0.023% | $2K | $2K | 5x | as long as short |
| tradeXYZ xyz:COPPERshort | +0.0050% | 1h | 6.8251 | −0.028% | $10.5M | $4.8M | 20x | |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8258 | −0.018% | $904 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8296 | +0.038% | $57K | $55K | 15x | as long as short |
| Lighter XCU | +0.0088% | 1h | 6.8376 | +0.155% | $478K | $39K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8281 | +0.016% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8270 | 0.000% | $258K | $21K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8340 | +0.103% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8270 | 0.000% | $312 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0195% | 1h | 6.8281 | +0.016% | $35K | $178K | 20x | as long as short |
| Extended XCU-USD | +0.0840% | 1h | 6.8249 | −0.031% | $224K | $2.8M | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
Phoenix COPPER
edgeX COPPERUSDC
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD
Extended XCU-USD