Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.070%
Price spread now: BloFin against Gate+0.148%78s7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$177as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1501.504% of the position
Funding, last 7 days−0.267%−$27 on $10k
+Price spread, last 3 days (all we have)−0.013%−$1 · spread now +0.148%, 7d avg +0.069%
=The price spread pays, funding is against you. BloFin is 0.078% dearer against Gate than usual: you sell high and buy low (spread +0.148% now, against its 7-day average of +0.069%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.2 days. At the pace of the last 7 days (−0.267% in total) that is about 2.1 days. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XCU_USDT | 6.7770 | 0 | get 0.0000% / 8h | 2h 25m | $1.3M | $522K | 100x |
| Short | BloFin COPPER-USDT | 6.7870 | −0.0032 | pay 0.0016% / 4h | 2h 25m | $87K | $148K | 100x |
Gate XCU_USDT
BloFin COPPER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$6.69
- Price spread: +0.148% → +0.069%
- $7.84
- Slippage, 4 orders
- −$123.41
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$149.25
- Costs to cover
- 1.504%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; BloFin: live order book, 55 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, 1 min ago | 5.16 bp | 53.9 bp −$54 | 134.1 bp −$1,341 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 55 min ago | 0.74 bp | 7.6 bp −$8 | 10.7 bp −$107 | 39.7 bp −$3,972 | doesn't fit |
COPPER on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX COPPER-USD | −0.0138% | 1h | 6.7822 | +0.077% | $898 | $3K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0099% | 1h | 6.7827 | +0.084% | $10.3M | $5.9M | 20x | as long as short |
| BloFin COPPER-USDTshort | −0.0032% | 4h | 6.7870 | +0.148% | $87K | $148K | 100x | |
| edgeX COPPERUSDC | −0.0003% | 4h | 6.7852 | +0.121% | $93K | $318K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7892 | +0.181% | $32K | $52K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7860 | +0.133% | $8.9M | $34.9M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7823 | +0.078% | $469K | $1.2M | 50x | as long as short |
| Gate XCU_USDTlong | 0.0000% | 8h | 6.7770 | long leg | $1.3M | $522K | 100x | |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7860 | +0.133% | $25.6M | $4.1M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.7852 | +0.121% | $752K | $1.6M | — | as long as short |
SoDEX COPPER-USD
tradeXYZ xyz:COPPER
edgeX COPPERUSDC
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
MEXC COPPER_USDT
Variational Omni COPPERShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.7889 | +0.175% | $89K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7850 | +0.118% | — | $7.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.7900 | +0.192% | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7860 | +0.133% | $4.2M | $82K | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.7965 | +0.288% | $476K | $46K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.7894 | +0.183% | $234K | $2.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7905 | +0.199% | — | $82K | 25x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7772 | +0.003% | $64K | $26K | 15x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7878 | +0.160% | $1K | $3K | 5x | as long as short |
| QFEX COPPER-USD | +0.0053% | 1h | 6.7870 | +0.148% | $1.5M | $138K | 20x | as long as short |
| Bitget COPPERUSDT | +0.0058% | 4h | 6.7840 | +0.103% | $1.6M | $1.1M | 100x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7896 | +0.186% | $23K | $16K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7790 | +0.030% | $259K | $26K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.7930 | +0.236% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7858 | +0.129% | $310 | — | 10x | as long as short |
| Phoenix COPPER | +0.0329% | 1h | 6.7911 | +0.208% | $45K | $30K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0952% | 1h | 6.7850 | +0.119% | $26K | $177K | 20x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
Lighter XCU
Extended XCU-USD
Vest HG-PERP
Ondo Perps COPPER-USD.P
Paradex XCU-USD-PERP
QFEX COPPER-USD
Bitget COPPERUSDT
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD