Funding you earn now, next payment 09:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.056%
Price spread now: GRVT against Extended+0.065%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$230.232% of the position
Funding, last 7 days−0.274%−$27 on $10k
+Price spread, last 7 days−0.069%−$7 · spread now +0.065%, 7d avg +0.003%
=Together, before fees−0.344%+ Points / potential airdropExtended: Active · GRVT: Active · farm board−$34 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.062% dearer against Extended than usual: you sell high and buy low (spread +0.065% now, against its 7-day average of +0.003%): +$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 6.5 days. At the pace of the last 7 days (−0.274% in total) that is about 38 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XCU-USD | 6.8308 | 0.0032 | pay 0.0004% / 1h | 11m 29s | $273K | $1.8M | 20x |
| Short | GRVT COPPER_USDT_Perp | 6.8353 | 0 | get 0.0000% / 4h | 3h 11m | $91K | $2.4M | 25x |
Extended XCU-USD
GRVT COPPER_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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: +0.065% → +0.003%
- $6.23
- Slippage, 4 orders
- −$9.23
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$23.71
- Costs to cover
- 0.232%
- Break-even
- never at this rate
Slippage from Extended: live order book, 2 min ago; GRVT: live order book, 2 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, 2 min ago | 0.07 bp | 4.2 bp −$4 | 57.7 bp −$577 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 2 min ago | 0.73 bp | 8.8 bp −$9 | 18.3 bp −$183 | 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 | 6.8360 | +0.075% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8362 | +0.079% | $9.1M | $33.3M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8311 | +0.004% | $498K | $992K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8230 | −0.115% | $1.3M | $510K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8360 | +0.076% | $26.1M | $5.8M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8330 | +0.032% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8355 | +0.069% | $765K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perpshort | 0.0000% | 4h | 6.8353 | +0.065% | $91K | $2.4M | 25x | |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8360 | +0.076% | — | $5.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8360 | +0.076% | $62K | $39K | 75x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
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 | 6.8300 | −0.012% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8300 | −0.012% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0016% | 4h | 6.8346 | +0.056% | $95K | $321K | 20x | as long as short |
| QFEX COPPER-USD | +0.0018% | 1h | 6.8350 | +0.061% | $1.5M | $142K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0022% | 4h | 6.8340 | +0.047% | $88K | $150K | 100x | as long as short |
| Extended XCU-USDlong | +0.0032% | 1h | 6.8308 | long leg | $273K | $1.8M | 20x | |
| Vest HG-PERP | +0.0046% | 1h | 6.8310 | +0.003% | — | $82K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8311 | +0.004% | $10.8M | $4.1M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8330 | +0.032% | $905 | $6K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8409 | +0.148% | $57K | $53K | 15x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8330 | +0.032% | $2K | $1K | 5x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0076% | 1h | 6.8360 | +0.076% | $34K | $178K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8329 | +0.030% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8320 | +0.017% | $266K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8430 | +0.178% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8361 | +0.077% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0129% | 1h | 6.8320 | +0.017% | $45K | $22K | 20x | as long as short |
| Lighter XCU | +0.0136% | 1h | 6.8452 | +0.210% | $479K | $27K | 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
Ondo Perps COPPER-USD.P
Paradex XCU-USD-PERP
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Lighter XCU