Funding you earn now, next payment 01:00 UTC−0.0384%/8h= −42.0% APRpaid last 24h −0.026%
Price spread now: HTX against Extended+0.067%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.113%−$11 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. HTX is 0.067% dearer against Extended than usual: you sell high and buy low (spread +0.067% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.113% in total) that is about 4.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.113% in total (about -5.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XCU-USD | 6.8054 | 0.0384 | pay 0.0048% / 1h | 53m 29s | $230K | $2.9M | 20x |
| Short | HTX COPPER-USDT | 6.8100 | 0 | get 0.0000% / 4h | 3h 53m | $60K | $27K | 75x |
Extended XCU-USD
HTX COPPER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$80.64
- Price spread: +0.067% → 0.000%
- $6.73
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$90.91
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 5 min ago; HTX: no order-book sample. Net counts fees only.
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, 5 min ago | 2.20 bp | 16.6 bp −$17 | 70.8 bp −$708 | doesn't fit | doesn't fit |
| Sell HTX no order-book sample | — | — | — | — | — |
HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 6.7955 | −0.146% | $28K | $174K | 20x | as long as short |
| BloFin COPPER-USDT | −0.0011% | 4h | 6.8070 | +0.023% | $87K | $150K | 100x | as long as short |
| edgeX COPPERUSDC | −0.0005% | 4h | 6.8046 | −0.012% | $93K | $317K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8088 | +0.049% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8090 | +0.053% | $9.0M | $34.1M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8083 | +0.042% | $470K | $991K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7950 | −0.153% | $1.3M | $491K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8080 | +0.038% | $26.9M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8100 | +0.067% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8076 | +0.032% | $741K | $1.6M | — | as long as short |
Kraken Futures PF_XCUUSD
BloFin COPPER-USDT
edgeX COPPERUSDC
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 | 6.8079 | +0.037% | $94K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8080 | +0.038% | — | $7.4M | 20x | as long as short |
| HTX COPPER-USDTshort | 0.0000% | 4h | 6.8100 | +0.067% | $60K | $27K | 75x | |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7940 | −0.168% | $4.2M | $78K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8056 | +0.002% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0004% | 1h | 6.8070 | +0.023% | $1.5M | $139K | 20x | as long as short |
| Phoenix COPPER | +0.0035% | 1h | 6.8062 | +0.011% | $45K | $30K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8053 | −0.002% | — | $82K | 25x | as long as short |
| Lighter XCU | +0.0048% | 1h | 6.8182 | +0.188% | $477K | $45K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8084 | +0.044% | $1K | $3K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8045 | −0.014% | $10.4M | $5.1M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8050 | −0.006% | $901 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8101 | +0.069% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8083 | +0.042% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8020 | −0.050% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8130 | +0.111% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8050 | −0.007% | $311 | — | 10x | as long as short |
| Extended XCU-USDlong | +0.0384% | 1h | 6.8054 | long leg | $230K | $2.9M | 20x |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
Phoenix COPPER
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