COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0049%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h +0.006%

Price spread now: Ondo Perps against gTrade (Gains Network)−0.024%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

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

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

Funding pays, the price is against you. Ondo Perps is 0.024% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.024% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 40 hours of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) HG/USD	6.8249	L +0.0002% / S −0.0001%	pay 0.0000% / 1h	6m 54s	$178K	—	250x
Short	Ondo Perps COPPER-USD.P	6.8232	0.0050	get 0.0006% / 1h	6m 54s	$57K	$55K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 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 gTrade (Gains Network)bpFee Ondo PerpsbpOrdersPrice spread, now −0.024%Rate

Funding earned: $10.19
Price spread: −0.024% → 0.000%: −$2.45
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$7.26
Costs to cover: 0.150%
Break-even: 12.0 days

Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 22 min ago; Ondo Perps: 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 gTrade (Gains Network) virtual book (oracle venue), 22 min ago	130.01 bp	229.7 bp −$230	1613.4 bp −$16.1K	13153.2 bp −$1.32M	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
BloFin COPPER-USDT	−0.0005%	4h	6.8280	+0.046%	$88K	$143K	100x	as long as short
QFEX COPPER-USD	0.0000%	1h	6.8290	+0.061%	$1.5M	$129K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8271	+0.032%	$32K	$21K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8288	+0.058%	$9.0M	$32.5M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8247	−0.002%	$471K	$949K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8110	−0.203%	$1.3M	$493K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8280	+0.046%	$26.1M	$4.2M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8310	+0.090%	$1.7M	$986K	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8282	+0.048%	$742K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8299	+0.074%	$94K	$2.1M	25x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX COPPER-USDT	0.0000%	4h	6.8280	+0.046%	—	$6.7M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8310	+0.090%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8140	−0.159%	$4.2M	$76K	100x	as long as short
gTrade (Gains Network) HG/USDlong	L +0.0002% / S −0.0001%	1h	6.8249	long leg	$178K	—	250x
edgeX COPPERUSDC	+0.0006%	4h	6.8274	+0.037%	$95K	$318K	20x	as long as short
Phoenix COPPER	+0.0012%	1h	6.8289	+0.059%	$45K	$23K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8250	+0.002%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8271	+0.033%	$2K	$2K	5x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8261	+0.018%	$10.5M	$4.8M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8258	+0.014%	$904	$3K	20x	as long as short
Ondo Perps COPPER-USD.Pshort	+0.0050%	1h	6.8232	−0.024%	$57K	$55K	15x
Lighter XCU	+0.0088%	1h	6.8382	+0.195%	$478K	$39K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8290	+0.061%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8270	+0.031%	$258K	$21K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8360	+0.163%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8281	+0.047%	$312	—	10x	as long as short
Kraken Futures PF_XCUUSD	+0.0195%	1h	6.8266	+0.025%	$35K	$178K	20x	as long as short
Extended XCU-USD	+0.0832%	1h	6.8256	+0.011%	$224K	$2.8M	20x	as long as short