Funding you earn now, next payment 00:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h +0.072%
Price spread now: Gate against edgeX−0.213%7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1171.170% of the position
Funding, last 7 days+0.275%+$28 on $10k
+Price spread, last 3 days (all we have)+0.125%+$13 · spread now −0.213%, 7d avg −0.052%
=Together, before fees+0.401%+ Points / potential airdropedgeX: Active · farm board+$40 on $10k · with fees, hour by hour
Funding pays, the price is against you. Gate is 0.162% cheaper against edgeX than usual: you would sell low and buy high (spread −0.213% now, against its 7-day average of −0.052%). If the spread goes back, that is −$16 on $10k: about 33 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.275% in total) that is about 4.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX COPPERUSDC | 6.8025 | −0.0016 | get 0.0008% / 4h | 52m 58s | $93K | $317K | 20x |
| Short | Gate XCU_USDT | 6.7880 | 0 | get 0.0000% / 8h | 52m 58s | $1.3M | $493K | 100x |
edgeX COPPERUSDC
Gate XCU_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $3.44
- Price spread: −0.213% → −0.052%
- −$16.18
- Slippage, 4 orders
- −$93.01
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$129.76
- Costs to cover
- 1.170%
- Break-even
- 271.4 days
Slippage from edgeX: live order book, 25 min ago; Gate: live order book, 4 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, 25 min ago | 7.36 bp | 13.0 bp −$13 | 24.4 bp −$244 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 1.47 bp | 50.6 bp −$51 | 297.1 bp −$2,971 | 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 | −0.0038% | 4h | 6.8030 | +0.007% | $87K | $149K | 100x | as long as short |
| edgeX COPPERUSDClong | −0.0016% | 4h | 6.8025 | long leg | $93K | $317K | 20x | |
| Aster XCUUSDT | 0.0000% | 4h | 6.8012 | −0.020% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8020 | −0.008% | $9.0M | $34.7M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7971 | −0.080% | $467K | $1.2M | 50x | as long as short |
| Gate XCU_USDTshort | 0.0000% | 8h | 6.7880 | −0.213% | $1.3M | $493K | 100x | |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8020 | −0.008% | $27.0M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8040 | +0.022% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8016 | −0.014% | $739K | $1.6M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8060 | +0.051% | $89K | $2.2M | 25x | as long as short |
BloFin COPPER-USDT
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
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-USDT | 0.0000% | 4h | 6.8020 | −0.008% | — | $7.7M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8040 | +0.022% | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7910 | −0.169% | $4.2M | $81K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.7987 | −0.056% | $176K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0013% | 1h | 6.8010 | −0.022% | $1.5M | $131K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8101 | +0.112% | $476K | $45K | 20x | as long as short |
| Phoenix COPPER | +0.0035% | 1h | 6.8010 | −0.022% | $45K | $30K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7984 | −0.060% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8017 | −0.012% | $1K | $3K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.7982 | −0.063% | $10.4M | $5.4M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7989 | −0.053% | $900 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7970 | −0.081% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8014 | −0.016% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8010 | −0.022% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8100 | +0.110% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8016 | −0.013% | $311 | — | 10x | as long as short |
| Extended XCU-USD | +0.0184% | 1h | 6.7995 | −0.044% | $231K | $2.9M | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0312% | 1h | 6.7932 | −0.137% | $28K | $173K | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
Lighter XCU
Phoenix COPPER
Vest HG-PERP
Paradex XCU-USD-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Extended XCU-USD
Kraken Futures PF_XCUUSD