Funding you earn now, next payment 09:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.066%
Price spread now: MEXC against Extended+0.032%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$5as in the Price arb table
costs, in and out, $10k−$100.102% of the position
Funding, last 7 days−0.350%−$35 on $10k
+Price spread, last 7 days−0.044%−$4 · spread now +0.032%, 7d avg −0.021%
=Together, before fees−0.394%+ Points / potential airdropExtended: Active · farm board−$39 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.053% dearer against Extended than usual: you sell high and buy low (spread +0.032% now, against its 7-day average of −0.021%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.5 days. At the pace of the last 7 days (−0.350% in total) that is about 25 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XCU-USD | 6.8258 | 0.0032 | pay 0.0004% / 1h | 47m 41s | $273K | $1.9M | 20x |
| Short | MEXC COPPER_USDT | 6.8280 | 0 | get 0.0000% / 4h | 3h 47m | $26.4M | $5.5M | 100x |
Extended XCU-USD
MEXC COPPER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: +0.032% → −0.021%
- $5.31
- Slippage, 4 orders
- −$5.18
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$11.59
- Costs to cover
- 0.102%
- Break-even
- never at this rate
Slippage from Extended: live order book, 1 min ago; MEXC: live order book, 1 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 | 0.29 bp | 3.4 bp −$3 | 55.6 bp −$556 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.73 bp | 0.7 bp −$1 | 2.4 bp −$24 | 12.4 bp −$1,235 | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:COPPER | −0.0001% | 1h | 6.8228 | −0.044% | $10.7M | $5.0M | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8303 | +0.065% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8290 | +0.046% | $9.1M | $33.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8239 | −0.028% | $494K | $996K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8140 | −0.173% | $1.3M | $503K | 100x | as long as short |
| MEXC COPPER_USDTshort | 0.0000% | 4h | 6.8280 | +0.032% | $26.4M | $5.5M | 100x | |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8290 | +0.046% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8334 | +0.111% | $759K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8331 | +0.106% | $89K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8300 | +0.061% | — | $5.9M | 20x | as long as short |
tradeXYZ xyz:COPPER
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8320 | +0.090% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8150 | −0.159% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8260 | +0.002% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0013% | 4h | 6.8292 | +0.049% | $95K | $319K | 20x | as long as short |
| QFEX COPPER-USD | +0.0018% | 1h | 6.8270 | +0.017% | $1.5M | $140K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0027% | 4h | 6.8330 | +0.105% | $88K | $146K | 100x | as long as short |
| Extended XCU-USDlong | +0.0032% | 1h | 6.8258 | long leg | $273K | $1.9M | 20x | |
| Vest HG-PERP | +0.0046% | 1h | 6.8268 | +0.014% | — | $82K | 25x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8251 | −0.011% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8264 | +0.009% | $2K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8287 | +0.042% | $57K | $55K | 15x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0076% | 1h | 6.8253 | −0.008% | $34K | $178K | 20x | as long as short |
| Lighter XCU | +0.0096% | 1h | 6.8380 | +0.178% | $478K | $26K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8266 | +0.012% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8280 | +0.032% | $266K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8360 | +0.149% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8287 | +0.042% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0129% | 1h | 6.8255 | −0.005% | $45K | $22K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
BloFin COPPER-USDT
Vest HG-PERP
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Kraken Futures PF_XCUUSD
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER