Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.013%
Price spread now: SoDEX against Gate+0.158%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SoDEX is 0.158% dearer against Gate than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XCU_USDT | 6.8150 | 0 | get 0.0000% / 8h | 7h 47m | $1.3M | $503K | 100x |
| Short | SoDEX COPPER-USD | 6.8258 | 0.0050 | get 0.0006% / 1h | 47m 02s | $4K | $5K | 20x |
Gate XCU_USDT
SoDEX COPPER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- $10.5
- Price spread: +0.158% → 0.000%
- $15.85
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- $3.35
- Costs to cover
- 0.230%
- Break-even
- 4.8 days
Slippage unknown: Gate: live order book, 5 min ago; SoDEX: no order-book sample. Net counts fees only.
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 | 33.4 bp −$33 | 100.9 bp −$1,009 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COPPER-USDT | −0.0027% | 4h | 6.8310 | +0.235% | $88K | $149K | 100x | as long as short |
| tradeXYZ xyz:COPPER | −0.0011% | 1h | 6.8239 | +0.131% | $10.7M | $5.0M | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8320 | +0.249% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8310 | +0.235% | $9.1M | $33.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8239 | +0.131% | $494K | $996K | 50x | as long as short |
| Gate XCU_USDTlong | 0.0000% | 8h | 6.8150 | long leg | $1.3M | $503K | 100x | |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8290 | +0.205% | $26.4M | $5.5M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8300 | +0.220% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8334 | +0.270% | $759K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8340 | +0.279% | $94K | $2.4M | 25x | as long as short |
BloFin COPPER-USDT
tradeXYZ xyz:COPPER
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX COPPER-USDT | 0.0000% | 4h | 6.8290 | +0.205% | — | $5.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8320 | +0.249% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8150 | 0.000% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8271 | +0.178% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0016% | 4h | 6.8318 | +0.247% | $95K | $319K | 20x | as long as short |
| QFEX COPPER-USD | +0.0018% | 1h | 6.8270 | +0.176% | $1.5M | $140K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8277 | +0.186% | $273K | $1.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8262 | +0.164% | — | $82K | 25x | as long as short |
| SoDEX COPPER-USDshort | +0.0050% | 1h | 6.8258 | +0.158% | $4K | $5K | 20x | |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8264 | +0.168% | $2K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8287 | +0.201% | $57K | $55K | 15x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0076% | 1h | 6.8255 | +0.155% | $34K | $178K | 20x | as long as short |
| Lighter XCU | +0.0096% | 1h | 6.8386 | +0.346% | $479K | $26K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8266 | +0.171% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8300 | +0.220% | $266K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8350 | +0.293% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8288 | +0.203% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0129% | 1h | 6.8278 | +0.188% | $45K | $22K | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
Extended XCU-USD
Vest HG-PERP
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Kraken Futures PF_XCUUSD
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER