Funding you earn now, next payment 09:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.055%
Price spread now: Aevo against GRVT−0.041%49s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Aevo is 0.041% cheaper against GRVT than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 32 hours of funding at the current rate (+$3 a day). The two prices were read 49 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 | GRVT COPPER_USDT_Perp | 6.8330 | 0 | get 0.0000% / 4h | 3h 57m | $89K | $2.4M | 25x |
| Short | Aevo COPPER-PERP | 6.8302 | 0.0104 | get 0.0013% / 1h | 57m 32s | $312 | — | 10x |
GRVT COPPER_USDT_Perp
Aevo COPPER-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against GRVT. 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
- $21.84
- Price spread: −0.041% → 0.000%
- −$4.12
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$7.28
- Costs to cover
- 0.250%
- Break-even
- 9.3 days
Slippage unknown: GRVT: live order book, 1 min ago; Aevo: 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 GRVT live order book, 1 min ago | 0.73 bp | 8.1 bp −$8 | 21.1 bp −$211 | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XCUUSDT | 0.0000% | 4h | 6.8324 | −0.008% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8347 | +0.025% | $9.0M | $33.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8280 | −0.073% | $503K | $985K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8180 | −0.220% | $1.3M | $503K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8340 | +0.015% | $26.6M | $5.1M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8330 | 0.000% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8246 | −0.123% | $765K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perplong | 0.0000% | 4h | 6.8330 | long leg | $89K | $2.4M | 25x | |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8310 | −0.029% | — | $6.0M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8320 | −0.015% | $61K | $24K | 75x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
SunX COPPER-USDT
HTX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8190 | −0.205% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8297 | −0.049% | $178K | — | 250x | as long as short |
| tradeXYZ xyz:COPPER | +0.0006% | 1h | 6.8286 | −0.064% | $10.6M | $5.0M | 20x | as long as short |
| QFEX COPPER-USD | +0.0018% | 1h | 6.8330 | 0.000% | $1.5M | $140K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0018% | 4h | 6.8292 | −0.056% | $95K | $317K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8303 | −0.040% | $275K | $2.0M | 20x | as long as short |
| BloFin COPPER-USDT | +0.0032% | 4h | 6.8330 | 0.000% | $88K | $145K | 100x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8294 | −0.053% | — | $82K | 25x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8265 | −0.095% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8309 | −0.031% | $2K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8213 | −0.171% | $57K | $55K | 15x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0076% | 1h | 6.8290 | −0.058% | $34K | $178K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8302 | −0.041% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8300 | −0.044% | $278K | $36K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8370 | +0.059% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERPshort | +0.0104% | 1h | 6.8302 | −0.041% | $312 | — | 10x | |
| Phoenix COPPER | +0.0106% | 1h | 6.8285 | −0.066% | $45K | $22K | 20x | as long as short |
| Lighter XCU | +0.0112% | 1h | 6.8423 | +0.136% | $479K | $26K | 20x | as long as short |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
tradeXYZ xyz:COPPER
QFEX COPPER-USD
edgeX COPPERUSDC
Extended XCU-USD
BloFin COPPER-USDT
Vest HG-PERP
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Phoenix COPPER
Lighter XCU