Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.039%
Price spread now: KuCoin against Gate−0.044%7-day average +0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$234as in the Funding arb table
Net, price: spread back to 7d avg − costs−$271as in the Price arb table
costs, in and out, $10k−$2572.570% of the position
Funding, last 7 days+0.225%+$23 on $10k
+Price spread, last 4 days (all we have)+0.269%+$27 · spread now −0.044%, 7d avg +0.100%
=Funding pays, the price is against you. KuCoin is 0.144% cheaper against Gate than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of +0.100%). If the spread goes back, that is −$14 on $10k: about 4.8 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XCU_USDT | 6.7810 | 0 | get 0.0000% / 8h | 2h 14m | $1.3M | $522K | 100x |
| Short | KuCoin COPPERUSDTM | 6.7780 | 0.0100 | get 0.0050% / 4h | 2h 14m | $257K | $25K | 50x |
Gate XCU_USDT
KuCoin COPPERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: −0.044% → +0.100%
- −$14.44
- Slippage, 4 orders
- −$229.97
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$250.41
- Costs to cover
- 2.570%
- Break-even
- 90.5 days
Slippage from Gate: live order book, 3 min ago; KuCoin: live order book, 66 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, 3 min ago | 5.17 bp | 60.9 bp −$61 | 137.8 bp −$1,378 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 66 min ago | 10.31 bp | 75.5 bp −$75 | 503.7 bp −$5,037 | doesn't fit | 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 | −0.0122% | 1h | 6.7836 | +0.038% | $898 | $3K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0083% | 1h | 6.7835 | +0.037% | $10.4M | $6.0M | 20x | as long as short |
| edgeX COPPERUSDC | −0.0002% | 4h | 6.7853 | +0.063% | $93K | $318K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7897 | +0.128% | $32K | $52K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7860 | +0.074% | $8.9M | $35.2M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7810 | 0.000% | $469K | $1.2M | 50x | as long as short |
| Gate XCU_USDTlong | 0.0000% | 8h | 6.7810 | long leg | $1.3M | $522K | 100x | |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7870 | +0.088% | $27.1M | $5.1M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.7852 | +0.062% | $752K | $1.6M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.7869 | +0.087% | $91K | $2.3M | 25x | 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 COPPER
GRVT COPPER_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX COPPER-USDT | 0.0000% | 4h | 6.7860 | +0.074% | — | $7.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.7850 | +0.059% | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7860 | +0.074% | $4.2M | $82K | 100x | as long as short |
| Bitget COPPERUSDT | +0.0030% | 4h | 6.7870 | +0.088% | $1.6M | $1.1M | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.7999 | +0.279% | $476K | $47K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.7886 | +0.112% | $234K | $2.9M | 20x | as long as short |
| BloFin COPPER-USDT | +0.0039% | 4h | 6.7820 | +0.015% | $87K | $150K | 100x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7905 | +0.140% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7881 | +0.105% | $1K | $3K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7827 | +0.025% | $64K | $33K | 15x | as long as short |
| QFEX COPPER-USD | +0.0053% | 1h | 6.7870 | +0.088% | $1.5M | $138K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7892 | +0.121% | $23K | $16K | 10x | as long as short |
| KuCoin COPPERUSDTMshort | +0.0100% | 4h | 6.7780 | −0.044% | $257K | $25K | 50x | |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.7930 | +0.177% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7856 | +0.067% | $310 | — | 10x | as long as short |
| Phoenix COPPER | +0.0329% | 1h | 6.7910 | +0.147% | $45K | $30K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0953% | 1h | 6.7831 | +0.030% | $26K | $177K | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
Bitget COPPERUSDT
Lighter XCU
Extended XCU-USD
BloFin COPPER-USDT
Vest HG-PERP
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
QFEX COPPER-USD
Pacifica COPPER
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD