Funding you earn now, next payment 09:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.051%
Price spread now: Bitget against Extended+0.042%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$320.320% of the position
Funding, last 7 days−0.305%−$30 on $10k
+Price spread, last 7 days−0.069%−$7 · spread now +0.042%, 7d avg −0.016%
=Together, before fees−0.374%+ Points / potential airdropExtended: Active · farm board−$37 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.058% dearer against Extended than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of −0.016%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.0 days. At the pace of the last 7 days (−0.305% in total) that is about 32 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XCU-USD | 6.8002 | 0.0032 | pay 0.0004% / 1h | 39m 00s | $273K | $1.9M | 20x |
| Short | Bitget COPPERUSDT | 6.8030 | 0 | get 0.0000% / 4h | 3h 39m | $2.9M | $1.6M | 100x |
Extended XCU-USD
Bitget COPPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Extended. 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
- −$6.72
- Price spread: +0.042% → −0.016%
- $5.78
- Slippage, 4 orders
- −$15.02
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$32.96
- Costs to cover
- 0.320%
- Break-even
- never at this rate
Slippage from Extended: live order book, 4 min ago; Bitget: 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 Extended live order book, 4 min ago | 0.37 bp | 3.3 bp −$3 | 53.4 bp −$534 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 0.73 bp | 10.2 bp −$10 | 34.9 bp −$349 | 92.0 bp −$9,202 | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:COPPER | −0.0037% | 1h | 6.8025 | +0.034% | $10.8M | $4.3M | 20x | as long as short |
| BloFin COPPER-USDT | −0.0037% | 4h | 6.8090 | +0.130% | $88K | $148K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8040 | +0.057% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8040 | +0.057% | $9.0M | $33.7M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8000 | −0.002% | $497K | $1.0M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7950 | −0.076% | $1.3M | $507K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8020 | +0.027% | $26.0M | $5.5M | 100x | as long as short |
| Bitget COPPERUSDTshort | 0.0000% | 4h | 6.8030 | +0.042% | $2.9M | $1.6M | 100x | |
| Variational Omni COPPER | 0.0000% | 4h | 6.8104 | +0.150% | $760K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8190 | +0.277% | $93K | $2.4M | 25x | as long as short |
tradeXYZ xyz:COPPER
BloFin COPPER-USDT
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
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 | 6.8100 | +0.145% | — | $5.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8120 | +0.174% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8050 | +0.071% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8054 | +0.077% | $177K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0010% | 4h | 6.8142 | +0.206% | $94K | $318K | 20x | as long as short |
| QFEX COPPER-USD | +0.0018% | 1h | 6.8100 | +0.145% | $1.5M | $140K | 20x | as long as short |
| Extended XCU-USDlong | +0.0032% | 1h | 6.8002 | long leg | $273K | $1.9M | 20x | |
| Vest HG-PERP | +0.0046% | 1h | 6.8062 | +0.089% | — | $82K | 25x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8046 | +0.065% | $901 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8084 | +0.121% | $1K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8135 | +0.196% | $57K | $53K | 15x | as long as short |
| Lighter XCU | +0.0064% | 1h | 6.8144 | +0.209% | $477K | $26K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0076% | 1h | 6.8067 | +0.096% | $34K | $178K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8084 | +0.121% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8030 | +0.042% | $265K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8160 | +0.233% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8086 | +0.124% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0129% | 1h | 6.8148 | +0.215% | $45K | $22K | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
Vest HG-PERP
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Lighter XCU
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER