Funding you earn now, next payment 11:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.001%
Price spread now: KuCoin against Extended+0.037%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1101.104% of the position
Funding, last 7 days+0.168%+$17 on $10k
+Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.037%, 7d avg −0.021%
=Together, before fees+0.163%+ Points / potential airdropExtended: Active · farm board+$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.057% dearer against Extended than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.021%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XCU-USD | 6.8475 | 0.0032 | pay 0.0004% / 1h | 53m 55s | $274K | $1.7M | 20x |
| Short | KuCoin COPPERUSDTM | 6.8500 | 0.0100 | get 0.0050% / 4h | 1h 53m | $267K | $39K | 50x |
Extended XCU-USD
KuCoin COPPERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $14.28
- Price spread: +0.037% → −0.021%
- $5.71
- Slippage, 4 orders
- −$93.36
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$90.36
- Costs to cover
- 1.104%
- Break-even
- 51.3 days
Slippage from Extended: live order book, 3 min ago; KuCoin: live order book, 49 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, 3 min ago | 0.88 bp | 4.1 bp −$4 | 51.1 bp −$511 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 49 min ago | 13.16 bp | 55.3 bp −$55 | 446.0 bp −$4,460 | doesn't fit | doesn't fit |
COPPER on 28 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin XCU-USDT | −0.0022% | 8h | 6.8470 | −0.007% | $48K | $302K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8500 | +0.036% | $35K | $31K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8510 | +0.051% | $9.0M | $32.0M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8453 | −0.032% | $509K | $815K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8300 | −0.255% | $1.3M | $181K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8500 | +0.037% | $26.3M | $5.5M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8480 | +0.007% | $3.1M | $1.8M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8508 | +0.048% | $775K | $538K | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8517 | +0.062% | $92K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8510 | +0.051% | — | $4.8M | 20x | as long as short |
BloFin XCU-USDT
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8520 | +0.066% | $61K | $71K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8390 | −0.124% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8456 | −0.028% | $179K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0010% | 4h | 6.8498 | +0.034% | $95K | $319K | 20x | as long as short |
| QFEX COPPER-USD | +0.0011% | 1h | 6.8490 | +0.022% | $1.5M | $150K | 20x | as long as short |
| Extended XCU-USDlong | +0.0032% | 1h | 6.8475 | long leg | $274K | $1.7M | 20x | |
| Vest HG-PERP | +0.0046% | 1h | 6.8477 | +0.003% | — | $36K | 25x | as long as short |
| Lighter XCU | +0.0048% | 1h | 6.8577 | +0.149% | $480K | $25K | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8463 | −0.017% | $10.8M | $3.8M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8465 | −0.014% | $907 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8474 | −0.001% | $2K | $825 | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8476 | +0.002% | $59K | $52K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8483 | +0.011% | $24K | $13K | 10x | as long as short |
| KuCoin COPPERUSDTMshort | +0.0100% | 4h | 6.8500 | +0.037% | $267K | $39K | 50x | |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8550 | +0.110% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8492 | +0.025% | $313 | — | 10x | as long as short |
| Phoenix COPPER | +0.0117% | 1h | 6.8491 | +0.023% | $44K | $18K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0336% | 1h | 6.8487 | +0.018% | $34K | $180K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
Vest HG-PERP
Lighter XCU
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Pacifica COPPER
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD