Funding you earn now, next payment 04:00 UTC+0.0015%/8h= +1.6% APRpaid last 24h −0.060%
Price spread now: edgeX against Gate+0.138%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$920.922% of the position
Funding, last 7 days−0.273%−$27 on $10k
+Price spread, last 3 days (all we have)−0.081%−$8 · spread now +0.138%, 7d avg +0.056%
=Together, before fees−0.354%+ Points / potential airdropedgeX: Active · farm board−$35 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and edgeX is 0.082% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.056%. Mind the row above: over the last 7 days funding on this pair cost −0.273%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XCU_USDT | 6.7960 | 0 | get 0.0000% / 8h | 7h 10m | $1.3M | $492K | 100x |
| Short | edgeX COPPERUSDC | 6.8054 | 0.0015 | get 0.0007% / 4h | 3h 10m | $94K | $320K | 20x |
Gate XCU_USDT
edgeX COPPERUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $3.05
- Price spread: +0.138% → +0.056%
- $8.21
- Slippage, 4 orders
- −$68.21
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$80.94
- Costs to cover
- 0.922%
- Break-even
- 192.6 days
Slippage from Gate: live order book, 1 min ago; edgeX: live order book, 62 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 | 2.21 bp | 37.7 bp −$38 | 101.4 bp −$1,014 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 62 min ago | 7.35 bp | 12.9 bp −$13 | 24.2 bp −$242 | 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 | −0.0447% | 1h | 6.8076 | +0.171% | $32K | $179K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0027% | 1h | 6.8041 | +0.119% | $10.4M | $5.0M | 20x | as long as short |
| BloFin COPPER-USDT | −0.0027% | 4h | 6.8090 | +0.191% | $87K | $149K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8089 | +0.190% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8100 | +0.206% | $9.1M | $33.1M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8077 | +0.172% | $471K | $978K | 50x | as long as short |
| Gate XCU_USDTlong | 0.0000% | 8h | 6.7960 | long leg | $1.3M | $492K | 100x | |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8090 | +0.191% | $26.8M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8090 | +0.191% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8084 | +0.182% | $742K | $1.5M | — | as long as short |
Kraken Futures PF_XCUUSD
tradeXYZ xyz:COPPER
BloFin COPPER-USDT
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
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 | 6.8100 | +0.206% | $97K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8090 | +0.191% | — | $7.1M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8120 | +0.235% | $60K | $25K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7940 | −0.029% | $4.2M | $76K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8057 | +0.143% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0004% | 1h | 6.8080 | +0.177% | $1.5M | $131K | 20x | as long as short |
| edgeX COPPERUSDCshort | +0.0015% | 4h | 6.8054 | +0.138% | $94K | $320K | 20x | |
| Lighter XCU | +0.0032% | 1h | 6.8182 | +0.327% | $477K | $45K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8053 | +0.137% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8088 | +0.189% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8057 | +0.143% | $901 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8105 | +0.213% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8070 | +0.162% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8050 | +0.132% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8140 | +0.265% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8069 | +0.160% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0118% | 1h | 6.8050 | +0.132% | $45K | $30K | 20x | as long as short |
| Extended XCU-USD | +0.0328% | 1h | 6.8069 | +0.161% | $228K | $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
Lighter XCU
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Extended XCU-USD