Funding you earn now, next payment 08:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.045%
Price spread now: Gate against Extended−0.160%7-day average −0.102% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$740.739% of the position
Funding, last 7 days−0.051%−$5 on $10k
+Price spread, last 7 days+0.072%+$7 · spread now −0.160%, 7d avg −0.102%
=Together, before fees+0.021%+ Points / potential airdropExtended: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.058% cheaper against Extended than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.102%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XCU-USD | 6.8259 | 0.0048 | pay 0.0006% / 1h | 42m 50s | $272K | $2.1M | 20x |
| Short | Gate XCU_USDT | 6.8150 | 0 | get 0.0000% / 8h | 42m 50s | $1.3M | $528K | 100x |
Extended XCU-USD
Gate XCU_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$10.08
- Price spread: −0.160% → −0.102%
- −$5.8
- Slippage, 4 orders
- −$53.86
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$89.74
- Costs to cover
- 0.739%
- Break-even
- never at this rate
Slippage from Extended: live order book, 1 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 Extended live order book, 1 min ago | 0.07 bp | 9.4 bp −$9 | 59.6 bp −$596 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 2.20 bp | 30.0 bp −$30 | 223.1 bp −$2,231 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XCUUSDT | 0.0000% | 4h | 6.8268 | +0.013% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8300 | +0.060% | $9.1M | $33.7M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8236 | −0.034% | $495K | $1.0M | 50x | as long as short |
| Gate XCU_USDTshort | 0.0000% | 8h | 6.8150 | −0.160% | $1.3M | $528K | 100x | |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8300 | +0.060% | $26.6M | $5.2M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8290 | +0.045% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8292 | +0.048% | $753K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8281 | +0.032% | $94K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8300 | +0.060% | — | $6.2M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8350 | +0.133% | $61K | $24K | 75x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
MEXC COPPER_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 | 6.8190 | −0.101% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8251 | −0.012% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0008% | 4h | 6.8284 | +0.037% | $95K | $319K | 20x | as long as short |
| QFEX COPPER-USD | +0.0017% | 1h | 6.8290 | +0.045% | $1.5M | $128K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0022% | 4h | 6.8300 | +0.060% | $88K | $143K | 100x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8252 | −0.010% | — | $82K | 25x | as long as short |
| Extended XCU-USDlong | +0.0048% | 1h | 6.8259 | long leg | $272K | $2.1M | 20x | |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8275 | +0.023% | $10.6M | $5.0M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8271 | +0.017% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8269 | +0.015% | $2K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8309 | +0.073% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8271 | +0.017% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8280 | +0.031% | $278K | $37K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8350 | +0.133% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8288 | +0.042% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0106% | 1h | 6.8279 | +0.029% | $45K | $22K | 20x | as long as short |
| Lighter XCU | +0.0136% | 1h | 6.8403 | +0.211% | $478K | $26K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0358% | 1h | 6.8266 | +0.011% | $34K | $177K | 20x | as long as short |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
BloFin COPPER-USDT
Vest HG-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Lighter XCU
Kraken Futures PF_XCUUSD