Funding you earn now, next payment 01:00 UTC−0.0375%/8h= −41.1% APRpaid last 24h −0.086%
Price spread now: edgeX against Extended−0.027%93s7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as 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−$430.433% of the position
Funding, last 7 days−0.351%−$35 on $10k
+Price spread, last 3 days (all we have)−0.067%−$7 · spread now −0.027%, 7d avg −0.066%
=Together, before fees−0.417%+ Points / potential airdropExtended: Active · edgeX: Active · farm board−$42 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.039% dearer against Extended than usual: you sell high and buy low (spread −0.027% now, against its 7-day average of −0.066%): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.351% in total) that is about 19 hours. The two prices were read 93 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 | Extended XCU-USD | 6.8041 | 0.0368 | pay 0.0046% / 1h | 38m 06s | $228K | $2.9M | 20x |
| Short | edgeX COPPERUSDC | 6.8022 | −0.0007 | pay 0.0004% / 4h | 3h 38m | $94K | $317K | 20x |
Extended XCU-USD
edgeX COPPERUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$78.82
- Price spread: −0.027% → −0.066%
- $3.9
- Slippage, 4 orders
- −$29.3
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$118.22
- Costs to cover
- 0.433%
- Break-even
- never at this rate
Slippage from Extended: live order book, 6 min ago; edgeX: live order book, 35 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, 6 min ago | 1.10 bp | 13.3 bp −$13 | 67.8 bp −$678 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 35 min ago | 7.35 bp | 12.9 bp −$13 | 24.2 bp −$242 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCUUSD | −0.0448% | 1h | 6.7931 | −0.161% | $28K | $174K | 20x | as long as short |
| BloFin COPPER-USDT | −0.0026% | 4h | 6.8040 | −0.001% | $87K | $150K | 100x | as long as short |
| edgeX COPPERUSDCshort | −0.0007% | 4h | 6.8022 | −0.027% | $94K | $317K | 20x | |
| Aster XCUUSDT | 0.0000% | 4h | 6.8063 | +0.033% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8056 | +0.023% | $9.1M | $34.1M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8022 | −0.027% | $470K | $987K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7930 | −0.163% | $1.3M | $491K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8040 | −0.001% | $26.8M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8070 | +0.043% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8024 | −0.024% | $741K | $1.6M | — | as long as short |
Kraken Futures PF_XCUUSD
BloFin COPPER-USDT
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 | 6.8049 | +0.013% | $94K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8050 | +0.014% | — | $7.4M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8070 | +0.043% | $60K | $26K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7910 | −0.192% | $4.2M | $77K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8041 | 0.000% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0004% | 1h | 6.8040 | −0.001% | $1.5M | $139K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8032 | −0.013% | — | $82K | 25x | as long as short |
| Lighter XCU | +0.0048% | 1h | 6.8157 | +0.171% | $477K | $45K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8056 | +0.022% | $1K | $3K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8020 | −0.030% | $10.4M | $5.0M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8039 | −0.002% | $901 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8063 | +0.033% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8043 | +0.003% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8050 | +0.014% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8100 | +0.087% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8045 | +0.007% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0118% | 1h | 6.8021 | −0.029% | $45K | $30K | 20x | as long as short |
| Extended XCU-USDlong | +0.0368% | 1h | 6.8041 | long leg | $228K | $2.9M | 20x |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
Vest HG-PERP
Lighter XCU
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
Phoenix COPPER