Funding you earn now, next payment 04:00 UTC+0.0083%/8h= +9.1% APRnext payment +$0.42 per $10,000 · paid last 24h +0.119%
Price spread now: KuCoin against edgeX+0.021%98s7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$122as 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−$1721.720% of the position
Funding, last 7 days+0.503%+$50 on $10k
+Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.021%, 7d avg +0.041%
=Together, before fees+0.560%+ Points / potential airdropedgeX: Active · farm board+$56 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.020% cheaper against edgeX than usual: you would sell low and buy high (spread +0.021% now, against its 7-day average of +0.041%). If the spread goes back, that is −$2 on $10k: about 20 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.503% in total) that is about 7 hours. The two prices were read 98 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 | 6.8176 | 0.0017 | pay 0.0008% / 4h | 17m 57s | $94K | $318K | 20x |
| Short | KuCoin COPPERUSDTM | 6.8190 | 0.0100 | get 0.0050% / 4h | 17m 57s | $290K | $32K | 50x |
edgeX COPPERUSDC
KuCoin COPPERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $17.49
- Price spread: +0.021% → +0.041%
- −$2.05
- Slippage, 4 orders
- −$151.05
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$156.6
- Costs to cover
- 1.720%
- Break-even
- 69.7 days
Slippage from edgeX: live order book, 40 min ago; KuCoin: live order book, 63 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, 40 min ago | 7.31 bp | 12.7 bp −$13 | 24.6 bp −$246 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 63 min ago | 10.26 bp | 80.0 bp −$80 | 648.3 bp −$6,483 | 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 | −0.0013% | 4h | 6.8200 | +0.035% | $88K | $143K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8232 | +0.082% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8201 | +0.036% | $9.0M | $32.8M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8194 | +0.026% | $480K | $959K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8080 | −0.141% | $1.3M | $495K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8190 | +0.021% | $26.0M | $4.3M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8200 | +0.035% | $2.5M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8182 | +0.009% | $742K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8210 | +0.050% | $96K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8190 | +0.021% | — | $6.6M | 20x | as long as short |
BloFin COPPER-USDT
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 | 6.8240 | +0.094% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8150 | −0.038% | $4.2M | $77K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8201 | +0.037% | $178K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0009% | 1h | 6.8200 | +0.035% | $1.5M | $129K | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0016% | 1h | 6.8180 | +0.006% | $10.5M | $4.8M | 20x | as long as short |
| edgeX COPPERUSDClong | +0.0017% | 4h | 6.8176 | long leg | $94K | $318K | 20x | |
| Lighter XCU | +0.0032% | 1h | 6.8298 | +0.179% | $477K | $40K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8203 | +0.040% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8188 | +0.017% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8178 | +0.003% | $903 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8214 | +0.056% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8218 | +0.061% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTMshort | +0.0100% | 4h | 6.8190 | +0.021% | $290K | $32K | 50x | |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8250 | +0.109% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8181 | +0.008% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0164% | 1h | 6.8210 | +0.050% | $45K | $23K | 20x | as long as short |
| Extended XCU-USD | +0.0192% | 1h | 6.8212 | +0.053% | $263K | $2.7M | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0291% | 1h | 6.8164 | −0.018% | $34K | $176K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
tradeXYZ xyz:COPPER
Lighter XCU
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Extended XCU-USD
Kraken Futures PF_XCUUSD