Funding you earn now, next payment 02:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.001%
Price spread now: Phemex against gTrade (Gains Network)−0.079%7-day average −0.085% · 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−$573as in the Price arb table
costs, in and out, $10k−$5745.736% of the position
Funding, last 1 day (all we have)−0.001%$0 on $10k
+Price spread, last 3 days (all we have)−0.242%−$24 · spread now −0.079%, 7d avg −0.085%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) HG/USD | 6.7964 | L +0.0002% / S −0.0001% | pay 0.0000% / 1h | 42m 12s | $176K | — | 250x |
| Short | Phemex COPPERUSDT | 6.7910 | 0 | get 0.0000% / 4h | 2h 42m | $4.2M | $75K | 100x |
gTrade (Gains Network) HG/USD
Phemex COPPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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: −0.079% → −0.085%
- $0.66
- Slippage, 4 orders
- −$551.59
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$573.33
- Costs to cover
- 5.736%
- Break-even
- never at this rate
Slippage from gTrade (Gains Network): virtual book (oracle venue), 57 min ago; Phemex: 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), 57 min ago | 130.01 bp | 229.7 bp −$230 | 1613.3 bp −$16.1K | 13153.2 bp −$1.32M | doesn't fit |
| Sell Phemex live order book, 2 min ago | 0.74 bp | 61.6 bp −$62 | doesn't fit | 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 | −0.1014% | 1h | 6.7975 | +0.016% | $32K | $175K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0138% | 1h | 6.7920 | −0.064% | $10.4M | $4.8M | 20x | as long as short |
| BloFin COPPER-USDT | −0.0051% | 4h | 6.8050 | +0.127% | $88K | $144K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7978 | +0.021% | $32K | $35K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7983 | +0.028% | $9.1M | $32.3M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7954 | −0.014% | $472K | $942K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7850 | −0.167% | $1.3M | $478K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7970 | +0.010% | $26.9M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.7990 | +0.039% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8014 | +0.075% | $741K | $1.4M | — | as long as short |
Kraken Futures PF_XCUUSD
tradeXYZ xyz:COPPER
BloFin COPPER-USDT
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPERShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8036 | +0.107% | $95K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7980 | +0.024% | — | $6.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8010 | +0.068% | $61K | $26K | 75x | as long as short |
| Phemex COPPERUSDTshort | 0.0000% | 4h | 6.7910 | −0.079% | $4.2M | $75K | 100x | |
| gTrade (Gains Network) HG/USDlong | L +0.0002% / S −0.0001% | 1h | 6.7964 | long leg | $176K | — | 250x | |
| edgeX COPPERUSDC | +0.0002% | 4h | 6.7983 | +0.028% | $94K | $319K | 20x | as long as short |
| QFEX COPPER-USD | +0.0006% | 1h | 6.7970 | +0.010% | $1.5M | $129K | 20x | as long as short |
| Phoenix COPPER | +0.0035% | 1h | 6.7977 | +0.020% | $45K | $30K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7952 | −0.017% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7970 | +0.010% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7963 | −0.001% | $900 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7972 | +0.013% | $56K | $55K | 15x | as long as short |
| Lighter XCU | +0.0064% | 1h | 6.8081 | +0.173% | $476K | $39K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7955 | −0.012% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7980 | +0.024% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8030 | +0.098% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7969 | +0.009% | $311 | — | 10x | as long as short |
| Extended XCU-USD | +0.0424% | 1h | 6.7963 | 0.000% | $230K | $2.9M | 20x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
edgeX COPPERUSDC
QFEX COPPER-USD
Phoenix COPPER
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Extended XCU-USD