Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.022%
Price spread now: Bitget against Gate+0.221%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$780.775% of the position
Funding, last 7 days−0.243%−$24 on $10k
+Price spread, last 7 days−0.138%−$14 · spread now +0.221%, 7d avg +0.080%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.141% dearer against Gate than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.080%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XCU_USDT | 6.7910 | 0 | get 0.0000% / 8h | 7h 42m | $1.3M | $491K | 100x |
| Short | Bitget COPPERUSDT | 6.8060 | 0 | get 0.0000% / 4h | 3h 42m | $1.7M | $1.0M | 100x |
Gate XCU_USDT
Bitget COPPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: +0.221% → +0.080%
- $14.1
- Slippage, 4 orders
- −$50.52
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$63.42
- Costs to cover
- 0.775%
- Break-even
- never at this rate
Slippage from Gate: live order book, 4 min ago; Bitget: 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 Gate live order book, 4 min ago | 1.47 bp | 32.7 bp −$33 | 101.1 bp −$1,011 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 0.73 bp | 11.8 bp −$12 | 29.5 bp −$295 | 112.6 bp −$11.3K | 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 | −0.0448% | 1h | 6.7922 | +0.018% | $28K | $174K | 20x | as long as short |
| BloFin COPPER-USDT | −0.0026% | 4h | 6.8050 | +0.206% | $87K | $150K | 100x | as long as short |
| edgeX COPPERUSDC | −0.0002% | 4h | 6.8059 | +0.219% | $94K | $320K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8031 | +0.178% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8040 | +0.191% | $9.1M | $34.1M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8021 | +0.163% | $470K | $987K | 50x | as long as short |
| Gate XCU_USDTlong | 0.0000% | 8h | 6.7910 | long leg | $1.3M | $491K | 100x | |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8020 | +0.162% | $26.8M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDTshort | 0.0000% | 4h | 6.8060 | +0.221% | $1.7M | $1.0M | 100x | |
| Variational Omni COPPER | 0.0000% | 4h | 6.8064 | +0.227% | $741K | $1.6M | — | as long as short |
Kraken Futures PF_XCUUSD
BloFin COPPER-USDT
edgeX COPPERUSDC
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
MEXC COPPER_USDT
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 | 6.8089 | +0.264% | $94K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8020 | +0.162% | — | $7.4M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8100 | +0.280% | $60K | $26K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7910 | 0.000% | $4.2M | $78K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.7999 | +0.131% | $176K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0004% | 1h | 6.8030 | +0.177% | $1.5M | $139K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8003 | +0.137% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8040 | +0.192% | $1K | $3K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.7993 | +0.122% | $10.4M | $5.1M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8009 | +0.146% | $901 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8076 | +0.244% | $57K | $55K | 15x | as long as short |
| Lighter XCU | +0.0064% | 1h | 6.8139 | +0.337% | $477K | $45K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8017 | +0.157% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8030 | +0.177% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8080 | +0.250% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8019 | +0.160% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0118% | 1h | 6.8042 | +0.194% | $45K | $30K | 20x | as long as short |
| Extended XCU-USD | +0.0384% | 1h | 6.8016 | +0.156% | $230K | $2.9M | 20x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
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
Phoenix COPPER
Extended XCU-USD