Funding you earn now, next payment 04:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.06 per $10,000 · paid last 24h +0.037%
Price spread now: Bitget against edgeX+0.050%54s7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as 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−$480.475% of the position
Funding, last 7 days+0.030%+$3 on $10k
+Price spread, last 3 days (all we have)−0.045%−$5 · spread now +0.050%, 7d avg +0.024%
=Together, before fees−0.016%+ Points / potential airdropedgeX: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Bitget is 0.026% dearer against edgeX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.024%. The two prices were read 54 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 | edgeX COPPERUSDC | 6.8026 | −0.0012 | get 0.0006% / 4h | 3h 40m | $94K | $317K | 20x |
| Short | Bitget COPPERUSDT | 6.8060 | 0 | get 0.0000% / 4h | 3h 40m | $1.7M | $1.0M | 100x |
edgeX COPPERUSDC
Bitget COPPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against edgeX. 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
- $2.55
- Price spread: +0.050% → +0.024%
- $2.59
- Slippage, 4 orders
- −$26.52
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$42.38
- Costs to cover
- 0.475%
- Break-even
- 123.4 days
Slippage from edgeX: live order book, 32 min ago; Bitget: live order book, 1 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 edgeX live order book, 32 min ago | 7.35 bp | 12.7 bp −$13 | 23.4 bp −$234 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 0.74 bp | 13.2 bp −$13 | 29.3 bp −$293 | 107.6 bp −$10.8K | 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 | −0.0448% | 1h | 6.7927 | −0.146% | $28K | $174K | 20x | as long as short |
| edgeX COPPERUSDClong | −0.0012% | 4h | 6.8026 | long leg | $94K | $317K | 20x | |
| BloFin COPPER-USDT | −0.0002% | 4h | 6.8010 | −0.023% | $87K | $150K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8041 | +0.022% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8044 | +0.027% | $9.1M | $34.1M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8022 | −0.005% | $470K | $987K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7920 | −0.155% | $1.3M | $491K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8030 | +0.006% | $26.8M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDTshort | 0.0000% | 4h | 6.8060 | +0.050% | $1.7M | $1.0M | 100x | |
| Variational Omni COPPER | 0.0000% | 4h | 6.8024 | −0.002% | $741K | $1.6M | — | as long as short |
Kraken Futures PF_XCUUSD
BloFin COPPER-USDT
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Variational Omni COPPERShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8049 | +0.035% | $94K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8030 | +0.006% | — | $7.4M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8060 | +0.050% | $60K | $26K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7910 | −0.170% | $4.2M | $78K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8018 | −0.011% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0004% | 1h | 6.8030 | +0.006% | $1.5M | $139K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8012 | −0.020% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8037 | +0.017% | $1K | $3K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8011 | −0.022% | $10.4M | $5.1M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8019 | −0.010% | $901 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8076 | +0.074% | $57K | $55K | 15x | as long as short |
| Lighter XCU | +0.0056% | 1h | 6.8150 | +0.183% | $477K | $45K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8033 | +0.010% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8040 | +0.021% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8080 | +0.080% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8029 | +0.005% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0118% | 1h | 6.8021 | −0.007% | $45K | $30K | 20x | as long as short |
| Extended XCU-USD | +0.0376% | 1h | 6.8018 | −0.011% | $229K | $2.9M | 20x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
Vest HG-PERP
Paradex XCU-USD-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Extended XCU-USD