Funding you earn now, next payment 23:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.091%
Price spread now: Extended against edgeX−0.019%53s7-day average +0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$7as 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−$420.421% of the position
Funding, last 7 days+0.353%+$35 on $10k
+Price spread, last 3 days (all we have)+0.125%+$12 · spread now −0.019%, 7d avg +0.069%
=Together, before fees+0.478%+ Points / potential airdropedgeX: Active · Extended: Active · farm board+$48 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.088% cheaper against edgeX than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.069%). If the spread goes back, that is −$9 on $10k: about 8.2 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.353% in total) that is about 42 hours. The two prices were read 53 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 | 6.7957 | −0.0004 | get 0.0002% / 4h | 1h 30m | $93K | $318K | 20x |
| Short | Extended XCU-USD | 6.7944 | 0.0032 | get 0.0004% / 1h | 30m 29s | $231K | $2.9M | 20x |
edgeX COPPERUSDC
Extended XCU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $7.48
- Price spread: −0.019% → +0.069%
- −$8.77
- Slippage, 4 orders
- −$28.08
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$43.37
- Costs to cover
- 0.421%
- Break-even
- 47.6 days
Slippage from edgeX: live order book, 53 min ago; Extended: 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 edgeX live order book, 53 min ago | 7.36 bp | 12.8 bp −$13 | 24.9 bp −$249 | doesn't fit | doesn't fit |
| Sell Extended live order book, 3 min ago | 2.87 bp | 8.0 bp −$8 | 55.8 bp −$558 | 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-USDT | −0.0036% | 4h | 6.7940 | −0.024% | $87K | $149K | 100x | as long as short |
| QFEX COPPER-USD | −0.0015% | 1h | 6.7950 | −0.010% | $1.5M | $135K | 20x | as long as short |
| edgeX COPPERUSDClong | −0.0004% | 4h | 6.7957 | long leg | $93K | $318K | 20x | |
| Aster XCUUSDT | 0.0000% | 4h | 6.7960 | +0.005% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7970 | +0.020% | $8.9M | $34.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7937 | −0.029% | $467K | $1.2M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7820 | −0.201% | $1.3M | $499K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7970 | +0.020% | $27.0M | $5.1M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.7980 | +0.034% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.7957 | +0.001% | $739K | $1.6M | — | as long as short |
BloFin COPPER-USDT
QFEX COPPER-USD
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
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 | 6.7981 | +0.035% | $90K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7970 | +0.020% | — | $7.7M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8000 | +0.064% | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7910 | −0.069% | $4.2M | $81K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.7935 | −0.031% | $176K | — | 250x | as long as short |
| tradeXYZ xyz:COPPER | +0.0004% | 1h | 6.7916 | −0.060% | $10.4M | $5.4M | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8055 | +0.145% | $476K | $45K | 20x | as long as short |
| Extended XCU-USDshort | +0.0032% | 1h | 6.7944 | −0.019% | $231K | $2.9M | 20x | |
| Vest HG-PERP | +0.0046% | 1h | 6.7931 | −0.038% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7962 | +0.008% | $1K | $3K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7933 | −0.035% | $900 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7916 | −0.060% | $56K | $55K | 15x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0060% | 1h | 6.7951 | −0.008% | $26K | $176K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7948 | −0.012% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7960 | +0.005% | $258K | $26K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8030 | +0.108% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7960 | +0.005% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0329% | 1h | 6.7938 | −0.027% | $45K | $30K | 20x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
tradeXYZ xyz:COPPER
Lighter XCU
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER