Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.040%
Price spread now: Binance against Gate+0.245%7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$800.796% of the position
Funding, last 7 days−0.295%−$30 on $10k
+Price spread, last 7 days−0.185%−$18 · spread now +0.245%, 7d avg +0.083%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.162% dearer against Gate than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.083%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XCU_USDT | 6.8140 | 0 | get 0.0000% / 8h | 46m 49s | $1.3M | $528K | 100x |
| Short | Binance COPPERUSDT | 6.8307 | 0 | get 0.0000% / 4h | 46m 49s | $9.1M | $33.8M | 100x |
Gate XCU_USDT
Binance COPPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- Price spread: +0.245% → +0.083%
- $16.16
- Slippage, 4 orders
- −$54.6
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$63.44
- Costs to cover
- 0.796%
- Break-even
- never at this rate
Slippage from Gate: live order book, 5 min ago; Binance: live order book, 10 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 Gate live order book, 5 min ago | 2.20 bp | 30.4 bp −$30 | 99.0 bp −$990 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.73 bp | 5.7 bp −$6 | 13.0 bp −$130 | 97.1 bp −$9,710 | 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 | 6.8279 | +0.205% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDTshort | 0.0000% | 4h | 6.8307 | +0.245% | $9.1M | $33.8M | 100x | |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8243 | +0.151% | $495K | $1.0M | 50x | as long as short |
| Gate XCU_USDTlong | 0.0000% | 8h | 6.8140 | long leg | $1.3M | $528K | 100x | |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8300 | +0.235% | $26.7M | $5.1M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8290 | +0.220% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8252 | +0.164% | $753K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8277 | +0.202% | $94K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8300 | +0.235% | — | $6.3M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8310 | +0.249% | $61K | $24K | 75x | as long as short |
Aster XCUUSDT
OKX XCU-USDT-SWAP
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
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 | 6.8220 | +0.117% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8250 | +0.161% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0005% | 4h | 6.8245 | +0.154% | $95K | $318K | 20x | as long as short |
| QFEX COPPER-USD | +0.0017% | 1h | 6.8280 | +0.205% | $1.5M | $128K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8246 | +0.156% | — | $82K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8264 | +0.182% | $10.6M | $5.0M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8262 | +0.179% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8259 | +0.174% | $2K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8257 | +0.172% | $57K | $55K | 15x | as long as short |
| BloFin COPPER-USDT | +0.0053% | 4h | 6.8310 | +0.249% | $88K | $143K | 100x | as long as short |
| Extended XCU-USD | +0.0056% | 1h | 6.8254 | +0.167% | $272K | $2.1M | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8260 | +0.176% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8270 | +0.191% | $278K | $37K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8350 | +0.308% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8285 | +0.213% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0106% | 1h | 6.8231 | +0.134% | $45K | $22K | 20x | as long as short |
| Lighter XCU | +0.0120% | 1h | 6.8394 | +0.373% | $478K | $26K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0358% | 1h | 6.8279 | +0.204% | $34K | $177K | 20x | as long as short |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
Vest HG-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
BloFin COPPER-USDT
Extended XCU-USD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Lighter XCU
Kraken Futures PF_XCUUSD