Funding you earn now, next payment 05:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.001%
Price spread now: Gate against gTrade (Gains Network)−0.209%7-day average −0.188% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$524as in the Price arb table
costs, in and out, $10k−$5225.217% of the position
Funding, last 1 day (all we have)−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.082%−$8 · spread now −0.209%, 7d avg −0.188%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.022% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.188%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) HG/USD | 6.8273 | L +0.0002% / S −0.0001% | pay 0.0000% / 1h | 0m 48s | $178K | — | 250x |
| Short | Gate XCU_USDT | 6.8130 | 0 | get 0.0000% / 8h | 3h 00m | $1.3M | $519K | 100x |
gTrade (Gains Network) HG/USD
Gate XCU_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.209% → −0.188%
- −$2.18
- Slippage, 4 orders
- −$496.68
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$524.25
- Costs to cover
- 5.217%
- Break-even
- never at this rate
Slippage from gTrade (Gains Network): virtual book (oracle venue), 18 min ago; Gate: live order book, 2 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), 18 min ago | 130.01 bp | 229.7 bp −$230 | 1613.4 bp −$16.1K | 13153.2 bp −$1.32M | doesn't fit |
| Sell Gate live order book, 2 min ago | 2.20 bp | 57.8 bp −$58 | 241.6 bp −$2,416 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCUUSD | −0.0404% | 1h | 6.8253 | −0.029% | $35K | $176K | 20x | as long as short |
| BloFin COPPER-USDT | −0.0048% | 4h | 6.8310 | +0.054% | $88K | $137K | 100x | as long as short |
| tradeXYZ xyz:COPPER | −0.0044% | 1h | 6.8261 | −0.018% | $10.6M | $4.9M | 20x | as long as short |
| QFEX COPPER-USD | −0.0003% | 1h | 6.8260 | −0.019% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8292 | +0.028% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8281 | +0.011% | $9.1M | $33.0M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8243 | −0.044% | $489K | $970K | 50x | as long as short |
| Gate XCU_USDTshort | 0.0000% | 8h | 6.8130 | −0.209% | $1.3M | $519K | 100x | |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8280 | +0.010% | $26.5M | $4.6M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8290 | +0.025% | $2.5M | $1.7M | 100x | as long as short |
Kraken Futures PF_XCUUSD
BloFin COPPER-USDT
tradeXYZ xyz:COPPER
QFEX COPPER-USD
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
MEXC COPPER_USDT
Bitget COPPERUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni COPPER | 0.0000% | 4h | 6.8263 | −0.015% | $737K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8300 | +0.040% | $87K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8270 | −0.004% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8320 | +0.069% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8150 | −0.180% | $4.2M | $78K | 100x | as long as short |
| gTrade (Gains Network) HG/USDlong | L +0.0002% / S −0.0001% | 1h | 6.8273 | long leg | $178K | — | 250x | |
| edgeX COPPERUSDC | +0.0018% | 4h | 6.8293 | +0.029% | $95K | $319K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8381 | +0.158% | $478K | $40K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8278 | +0.008% | $264K | $2.5M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8275 | +0.003% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8300 | +0.040% | $45K | $23K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8261 | −0.018% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8252 | −0.031% | $904 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8306 | +0.048% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8273 | +0.001% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8230 | −0.063% | $278K | $35K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8320 | +0.069% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8266 | −0.011% | $312 | — | 10x | as long as short |
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
edgeX COPPERUSDC
Lighter XCU
Extended XCU-USD
Vest HG-PERP
Phoenix COPPER
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP