Funding you earn now, next payment 02:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.023%
Price spread now: Bitget against gTrade (Gains Network)+0.051%7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$458as in the Price arb table
costs, in and out, $10k−$4664.657% of the position
Funding, last 1 day (all we have)−0.028%−$3 on $10k
+Price spread, last 3 days (all we have)−0.164%−$16 · spread now +0.051%, 7d avg −0.029%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.080% dearer against gTrade (Gains Network) than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) HG/USD | 6.7975 | L +0.0002% / S −0.0001% | pay 0.0000% / 1h | 23m 08s | $176K | — | 250x |
| Short | Bitget COPPERUSDT | 6.8010 | 0 | get 0.0000% / 4h | 2h 23m | $1.7M | $1.0M | 100x |
gTrade (Gains Network) HG/USD
Bitget COPPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against gTrade (Gains Network). 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
- −$0.4
- Price spread: +0.051% → −0.029%
- $8
- Slippage, 4 orders
- −$443.74
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$458.14
- Costs to cover
- 4.657%
- Break-even
- never at this rate
Slippage from gTrade (Gains Network): virtual book (oracle venue), 11 min ago; Bitget: live order book, 4 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 gTrade (Gains Network) virtual book (oracle venue), 11 min ago | 130.01 bp | 229.7 bp −$230 | 1613.4 bp −$16.1K | 13153.3 bp −$1.32M | doesn't fit |
| Sell Bitget live order book, 4 min ago | 0.74 bp | 12.0 bp −$12 | 27.4 bp −$274 | 86.2 bp −$8,624 | doesn't fit |
COPPER on 27 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 | −0.1015% | 1h | 6.7929 | −0.068% | $32K | $176K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0135% | 1h | 6.7951 | −0.035% | $10.4M | $4.8M | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7999 | +0.035% | $32K | $35K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7993 | +0.027% | $9.0M | $32.1M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7979 | +0.006% | $471K | $929K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7850 | −0.184% | $1.3M | $478K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7980 | +0.007% | $26.0M | $5.0M | 100x | as long as short |
| Bitget COPPERUSDTshort | 0.0000% | 4h | 6.8010 | +0.051% | $1.7M | $1.0M | 100x | |
| Variational Omni COPPER | 0.0000% | 4h | 6.7964 | −0.016% | $741K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.7990 | +0.022% | $88K | $2.0M | 25x | as long as short |
Kraken Futures PF_XCUUSD
tradeXYZ xyz:COPPER
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Variational Omni COPPER
GRVT COPPER_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX COPPER-USDT | 0.0000% | 4h | 6.7970 | −0.007% | — | $6.8M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.7990 | +0.022% | $61K | $26K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7920 | −0.081% | $4.2M | $74K | 100x | as long as short |
| gTrade (Gains Network) HG/USDlong | L +0.0002% / S −0.0001% | 1h | 6.7975 | long leg | $176K | — | 250x | |
| QFEX COPPER-USD | +0.0006% | 1h | 6.7970 | −0.007% | $1.5M | $129K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0013% | 4h | 6.7956 | −0.028% | $94K | $317K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8083 | +0.159% | $476K | $39K | 20x | as long as short |
| Phoenix COPPER | +0.0035% | 1h | 6.7962 | −0.019% | $45K | $30K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7974 | −0.001% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7972 | −0.005% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7968 | −0.010% | $900 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7932 | −0.063% | $56K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7979 | +0.005% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8010 | +0.051% | $258K | $23K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8050 | +0.110% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7966 | −0.013% | $311 | — | 10x | as long as short |
| Extended XCU-USD | +0.0360% | 1h | 6.7988 | +0.020% | $231K | $2.9M | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
QFEX COPPER-USD
edgeX COPPERUSDC
Lighter XCU
Phoenix COPPER
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Extended XCU-USD