Funding you earn now, next payment 03:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.055%
Price spread now: MEXC against gTrade (Gains Network)+0.023%7-day average −0.032% · 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−$439as in the Price arb table
costs, in and out, $10k−$4454.448% of the position
Funding, last 1 day (all we have)−0.069%−$7 on $10k
+Price spread, last 4 days (all we have)−0.136%−$14 · spread now +0.023%, 7d avg −0.032%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.055% dearer against gTrade (Gains Network) than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.032%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) HG/USD | 6.8274 | L +0.0002% / S −0.0001% | pay 0.0000% / 1h | 4m 58s | $178K | — | 250x |
| Short | MEXC COPPER_USDT | 6.8290 | 0 | get 0.0000% / 4h | 1h 04m | $26.0M | $4.2M | 100x |
gTrade (Gains Network) HG/USD
MEXC COPPER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: +0.023% → −0.032%
- $5.51
- Slippage, 4 orders
- −$434.83
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$439.71
- Costs to cover
- 4.448%
- Break-even
- never at this rate
Slippage from gTrade (Gains Network): virtual book (oracle venue), 24 min ago; MEXC: 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), 24 min ago | 130.01 bp | 229.7 bp −$230 | 1613.4 bp −$16.1K | 13153.2 bp −$1.32M | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.73 bp | 0.7 bp −$1 | 2.1 bp −$21 | 8.5 bp −$850 | 247.6 bp −$123.8K |
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COPPER-USDT | −0.0058% | 4h | 6.8330 | +0.082% | $88K | $143K | 100x | as long as short |
| QFEX COPPER-USD | 0.0000% | 1h | 6.8300 | +0.038% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8294 | +0.030% | $32K | $21K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8306 | +0.047% | $9.0M | $32.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8255 | −0.028% | $471K | $949K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8120 | −0.226% | $1.3M | $493K | 100x | as long as short |
| MEXC COPPER_USDTshort | 0.0000% | 4h | 6.8290 | +0.023% | $26.0M | $4.2M | 100x | |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8320 | +0.067% | $1.7M | $986K | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8282 | +0.011% | $743K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8299 | +0.037% | $94K | $2.1M | 25x | as long as short |
BloFin COPPER-USDT
QFEX COPPER-USD
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX COPPER-USDT | 0.0000% | 4h | 6.8320 | +0.067% | — | $6.7M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8320 | +0.067% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8160 | −0.167% | $4.2M | $76K | 100x | as long as short |
| gTrade (Gains Network) HG/USDlong | L +0.0002% / S −0.0001% | 1h | 6.8274 | long leg | $178K | — | 250x | |
| Phoenix COPPER | +0.0012% | 1h | 6.8289 | +0.022% | $45K | $23K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0020% | 4h | 6.8279 | +0.008% | $95K | $318K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8268 | −0.009% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8282 | +0.012% | $2K | $2K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8265 | −0.013% | $10.5M | $4.8M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8278 | +0.006% | $904 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8300 | +0.038% | $57K | $55K | 15x | as long as short |
| Lighter XCU | +0.0088% | 1h | 6.8389 | +0.168% | $478K | $39K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8296 | +0.033% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8300 | +0.038% | $258K | $21K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8360 | +0.126% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8303 | +0.043% | $312 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0195% | 1h | 6.8292 | +0.026% | $35K | $178K | 20x | as long as short |
| Extended XCU-USD | +0.0832% | 1h | 6.8266 | −0.012% | $224K | $2.8M | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
Phoenix COPPER
edgeX COPPERUSDC
Vest HG-PERP
Paradex XCU-USD-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD
Extended XCU-USD