Funding you earn now, next payment 04:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.04 per $10,000 · paid last 24h +0.003%
Price spread now: MEXC against edgeX+0.009%83s7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as 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−$270.267% of the position
Funding, last 7 days−0.005%$0 on $10k
+Price spread, last 4 days (all we have)+0.015%+$1 · spread now +0.009%, 7d avg +0.009%
=Together, before fees+0.010%+ Points / potential airdropedgeX: Active · farm board+$1 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX COPPERUSDC | 6.8174 | 0.0009 | pay 0.0004% / 4h | 24m 15s | $94K | $317K | 20x |
| Short | MEXC COPPER_USDT | 6.8180 | 0 | get 0.0000% / 4h | 24m 15s | $26.0M | $4.3M | 100x |
edgeX COPPERUSDC
MEXC COPPER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$1.86
- Price spread: +0.009% → +0.009%
- −$0.08
- Slippage, 4 orders
- −$17.74
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$28.68
- Costs to cover
- 0.267%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 34 min ago; MEXC: live order book, 5 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, 34 min ago | 7.31 bp | 12.7 bp −$13 | 24.6 bp −$246 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.73 bp | 0.7 bp −$1 | 0.7 bp −$7 | 7.0 bp −$702 | 205.1 bp −$102.6K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XCUUSDT | 0.0000% | 4h | 6.8213 | +0.058% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8188 | +0.021% | $9.0M | $32.8M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8156 | −0.027% | $480K | $960K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8060 | −0.167% | $1.3M | $495K | 100x | as long as short |
| MEXC COPPER_USDTshort | 0.0000% | 4h | 6.8180 | +0.009% | $26.0M | $4.3M | 100x | |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8170 | −0.006% | $2.5M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8142 | −0.047% | $742K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8186 | +0.018% | $96K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8170 | −0.006% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8190 | +0.023% | $61K | $24K | 75x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8140 | −0.050% | $4.2M | $76K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8190 | +0.023% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDClong | +0.0009% | 4h | 6.8174 | long leg | $94K | $317K | 20x | |
| QFEX COPPER-USD | +0.0009% | 1h | 6.8180 | +0.009% | $1.5M | $129K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0021% | 4h | 6.8170 | −0.006% | $88K | $143K | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8289 | +0.169% | $477K | $40K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8187 | +0.019% | — | $82K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0047% | 1h | 6.8156 | −0.027% | $10.5M | $4.8M | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8173 | −0.002% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8167 | −0.010% | $903 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8102 | −0.106% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8199 | +0.037% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8180 | +0.009% | $258K | $21K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8240 | +0.097% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8168 | −0.008% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0164% | 1h | 6.8187 | +0.019% | $45K | $23K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0291% | 1h | 6.8166 | −0.012% | $34K | $176K | 20x | as long as short |
| Extended XCU-USD | +0.0384% | 1h | 6.8196 | +0.032% | $263K | $2.7M | 20x | as long as short |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
BloFin COPPER-USDT
Lighter XCU
Vest HG-PERP
tradeXYZ xyz:COPPER
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD
Extended XCU-USD