COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.09 per $10,000 · paid last 24h −0.014%

Price spread now: Pacifica against Extended−0.035%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · Pacifica: Active · farm boardneeds both histories

Funding pays, the price is against you. Pacifica is 0.035% cheaper against Extended than usual: you would sell low and buy high (spread −0.035% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 42 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XCU-USD	6.8056	0.0032	pay 0.0004% / 1h	37m 13s	$275K	$2.3M	20x
Short	Pacifica COPPER	6.8032	0.0100	get 0.0013% / 1h	37m 13s	$23K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee PacificabpOrdersPrice spread, now −0.035%Rate

Funding earned: $14.28
Price spread: −0.035% → 0.000%: −$3.54
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$2.26
Costs to cover: 0.130%
Break-even: 8.1 days

Slippage unknown: Extended: live order book, 1 min ago; Pacifica: 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, 1 min ago	0.95 bp	5.3 bp −$5	55.7 bp −$557	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: 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
Aster XCUUSDT	0.0000%	4h	6.8095	+0.058%	$32K	$27K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8090	+0.051%	$9.1M	$33.7M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8014	−0.061%	$495K	$970K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7940	−0.170%	$1.3M	$522K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8070	+0.021%	$26.3M	$4.9M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8060	+0.006%	$2.9M	$2.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8133	+0.114%	$735K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8150	+0.139%	$90K	$2.3M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8070	+0.021%	—	$6.4M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8190	+0.197%	$61K	$24K	75x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex COPPERUSDT	0.0000%	4h	6.8080	+0.036%	$4.2M	$82K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8018	−0.056%	$177K	—	250x	as long as short
tradeXYZ xyz:COPPER	+0.0002%	1h	6.8024	−0.046%	$10.6M	$5.0M	20x	as long as short
QFEX COPPER-USD	+0.0003%	1h	6.8070	+0.021%	$1.5M	$130K	20x	as long as short
edgeX COPPERUSDC	+0.0018%	4h	6.8111	+0.081%	$94K	$318K	20x	as long as short
Extended XCU-USDlong	+0.0032%	1h	6.8056	long leg	$275K	$2.3M	20x
Vest HG-PERP	+0.0046%	1h	6.8035	−0.030%	—	$82K	25x	as long as short
Phoenix COPPER	+0.0047%	1h	6.8048	−0.011%	$45K	$22K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8036	−0.029%	$1K	$2K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8036	−0.029%	$4K	$5K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8086	+0.045%	$57K	$55K	15x	as long as short
BloFin COPPER-USDT	+0.0053%	4h	6.8060	+0.006%	$88K	$138K	100x	as long as short
Lighter XCU	+0.0064%	1h	6.8169	+0.167%	$477K	$42K	20x	as long as short
Pacifica COPPERshort	+0.0100%	1h	6.8032	−0.035%	$23K	$14K	10x
KuCoin COPPERUSDTM	+0.0100%	4h	6.8090	+0.051%	$278K	$37K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8150	+0.139%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8075	+0.029%	$311	—	10x	as long as short
Kraken Futures PF_XCUUSD	+0.0108%	1h	6.8048	−0.011%	$34K	$176K	20x	as long as short