Funding you earn now, next payment 09:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.020%
Price spread now: Variational Omni against gTrade (Gains Network)+0.108%7-day average −0.028% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 1 day (all we have)−0.062%−$6 on $10k
+Price spread, last 4 days (all we have)−0.262%−$26 · spread now +0.108%, 7d avg −0.028%
=Together, before fees−0.324%+ Points / potential airdropVariational Omni: Active · farm board−$32 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.136% dearer against gTrade (Gains Network) than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.028%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) HG/USD | 6.8260 | L +0.0002% / S −0.0001% | pay 0.0000% / 1h | 48m 16s | $178K | — | 250x |
| Short | Variational Omni COPPER | 6.8334 | 0 | get 0.0000% / 4h | 3h 48m | $759K | $1.4M | — |
gTrade (Gains Network) HG/USD
Variational Omni COPPERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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: +0.108% → −0.028%
- $13.63
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $3.23
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 16 min ago; Variational Omni: RFQ quote, 1 min ago. 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), 16 min ago | 130.01 bp | 229.7 bp −$230 | 1613.3 bp −$16.1K | 13153.2 bp −$1.32M | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 2.98 bp | doesn't fit | 11.9 bp −$119 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XCUUSDT | 0.0000% | 4h | 6.8291 | +0.046% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8284 | +0.036% | $9.1M | $33.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8239 | −0.030% | $494K | $996K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8140 | −0.175% | $1.3M | $503K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8290 | +0.044% | $26.6M | $5.5M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8270 | +0.015% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPERshort | 0.0000% | 4h | 6.8334 | +0.108% | $759K | $1.4M | — | |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8331 | +0.104% | $89K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8300 | +0.059% | — | $5.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8320 | +0.088% | $61K | $24K | 75x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8150 | −0.161% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USDlong | L +0.0002% / S −0.0001% | 1h | 6.8260 | long leg | $178K | — | 250x | |
| tradeXYZ xyz:COPPER | +0.0007% | 1h | 6.8233 | −0.039% | $10.7M | $5.0M | 20x | as long as short |
| edgeX COPPERUSDC | +0.0013% | 4h | 6.8292 | +0.047% | $95K | $319K | 20x | as long as short |
| QFEX COPPER-USD | +0.0018% | 1h | 6.8290 | +0.044% | $1.5M | $140K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0027% | 4h | 6.8330 | +0.103% | $88K | $146K | 100x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8262 | +0.004% | $273K | $1.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8268 | +0.012% | — | $82K | 25x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8251 | −0.013% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8279 | +0.028% | $2K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8321 | +0.090% | $57K | $55K | 15x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0076% | 1h | 6.8253 | −0.010% | $34K | $178K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8274 | +0.021% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8270 | +0.015% | $266K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8360 | +0.147% | $3K | — | 10x | as long as short |
| Lighter XCU | +0.0104% | 1h | 6.8371 | +0.163% | $478K | $26K | 20x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8287 | +0.040% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0129% | 1h | 6.8255 | −0.007% | $45K | $22K | 20x | as long as short |
Phemex COPPERUSDT
tradeXYZ xyz:COPPER
edgeX COPPERUSDC
QFEX COPPER-USD
BloFin COPPER-USDT
Extended XCU-USD
Vest HG-PERP
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Lighter XCU
Aevo COPPER-PERP
Phoenix COPPER