Funding you earn now, next payment 01:00 UTC−0.0033%/8h= −3.7% APRpaid last 24h −0.013%
Price spread now: tradeXYZ against Gate+0.100%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1071.071% of the position
Funding, last 7 days−0.103%−$10 on $10k
+Price spread, last 7 days−0.089%−$9 · spread now +0.100%, 7d avg +0.059%
=Together, before fees−0.192%+ Points / potential airdroptradeXYZ: Active · farm board−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.041% dearer against Gate than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of +0.059%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XCU_USDT | 6.7990 | 0 | get 0.0000% / 8h | 7h 05m | $1.3M | $492K | 100x |
| Short | tradeXYZ xyz:COPPER | 6.8058 | −0.0033 | pay 0.0004% / 1h | 5m 06s | $10.4M | $5.0M | 20x |
Gate XCU_USDT
tradeXYZ xyz:COPPERFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$7.03
- Price spread: +0.100% → +0.059%
- $4.08
- Slippage, 4 orders
- −$74.06
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$110.01
- Costs to cover
- 1.071%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; tradeXYZ: 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, 2 min ago | 1.47 bp | 36.8 bp −$37 | 101.2 bp −$1,012 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 4 min ago | 0.07 bp | 10.3 bp −$10 | doesn't fit | 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 | 6.8125 | +0.199% | $32K | $179K | 20x | as long as short |
| tradeXYZ xyz:COPPERshort | −0.0033% | 1h | 6.8058 | +0.100% | $10.4M | $5.0M | 20x | |
| Aster XCUUSDT | 0.0000% | 4h | 6.8120 | +0.191% | $32K | $35K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8127 | +0.202% | $9.1M | $33.1M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8092 | +0.150% | $471K | $978K | 50x | as long as short |
| Gate XCU_USDTlong | 0.0000% | 8h | 6.7990 | long leg | $1.3M | $492K | 100x | |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8130 | +0.206% | $27.0M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8140 | +0.221% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8122 | +0.195% | $742K | $1.5M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8132 | +0.209% | $97K | $2.1M | 25x | as long as short |
Kraken Futures PF_XCUUSD
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 | 6.8140 | +0.221% | — | $7.1M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8160 | +0.250% | $61K | $25K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7950 | −0.059% | $4.2M | $76K | 100x | as long as short |
| edgeX COPPERUSDC | +0.0002% | 4h | 6.8125 | +0.199% | $94K | $318K | 20x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8103 | +0.166% | $177K | — | 250x | as long as short |
| BloFin COPPER-USDT | +0.0002% | 4h | 6.8080 | +0.132% | $87K | $149K | 100x | as long as short |
| QFEX COPPER-USD | +0.0004% | 1h | 6.8110 | +0.176% | $1.5M | $130K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8227 | +0.349% | $477K | $45K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8095 | +0.154% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8123 | +0.195% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8100 | +0.162% | $902 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8080 | +0.132% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8107 | +0.172% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8120 | +0.191% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8180 | +0.279% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8118 | +0.188% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0118% | 1h | 6.8111 | +0.178% | $45K | $30K | 20x | as long as short |
| Extended XCU-USD | +0.0360% | 1h | 6.8097 | +0.158% | $229K | $2.9M | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
edgeX COPPERUSDC
gTrade (Gains Network) HG/USD
BloFin COPPER-USDT
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