Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.054%
Price spread now: Binance against GRVT+0.045%89s7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$290.286% of the position
Funding, last 7 days−0.123%−$12 on $10k
+Price spread, last 2 days (all we have)−0.062%−$6 · spread now +0.045%, 7d avg −0.009%
=Together, before fees−0.185%+ Points / potential airdropGRVT: Active · farm board−$19 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.054% dearer against GRVT than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.009%. The two prices were read 89 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 | 6.8069 | 0 | get 0.0000% / 4h | 3h 12m | $97K | $2.1M | 25x |
| Short | Binance COPPERUSDT | 6.8100 | 0 | get 0.0000% / 4h | 3h 12m | $9.1M | $33.1M | 100x |
GRVT COPPER_USDT_Perp
Binance COPPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $0
- Price spread: +0.045% → −0.009%
- $5.42
- Slippage, 4 orders
- −$9.58
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$23.16
- Costs to cover
- 0.286%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 1 min ago; Binance: live order book, 15 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 GRVT live order book, 1 min ago | 0.73 bp | 8.0 bp −$8 | 15.0 bp −$150 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.74 bp | 6.8 bp −$7 | 10.3 bp −$103 | 77.7 bp −$7,774 | 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 | 6.8080 | +0.016% | $32K | $179K | 20x | as long as short |
| BloFin COPPER-USDT | −0.0053% | 4h | 6.8090 | +0.031% | $87K | $149K | 100x | as long as short |
| tradeXYZ xyz:COPPER | −0.0026% | 1h | 6.8041 | −0.041% | $10.4M | $5.0M | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8098 | +0.042% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDTshort | 0.0000% | 4h | 6.8100 | +0.045% | $9.1M | $33.1M | 100x | |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8065 | −0.006% | $471K | $978K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7950 | −0.175% | $1.3M | $492K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8090 | +0.031% | $26.8M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8090 | +0.031% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8054 | −0.022% | $741K | $1.5M | — | as long as short |
Kraken Futures PF_XCUUSD
BloFin COPPER-USDT
tradeXYZ xyz:COPPER
Aster XCUUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
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_Perplong | 0.0000% | 4h | 6.8069 | long leg | $97K | $2.1M | 25x | |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8090 | +0.031% | — | $7.1M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8120 | +0.075% | $60K | $25K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7950 | −0.175% | $4.2M | $76K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8068 | −0.002% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0004% | 1h | 6.8080 | +0.016% | $1.5M | $131K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0015% | 4h | 6.8054 | −0.023% | $94K | $320K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8194 | +0.183% | $477K | $45K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8063 | −0.009% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8088 | +0.028% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8075 | +0.008% | $901 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8105 | +0.053% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8072 | +0.004% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8050 | −0.028% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8140 | +0.104% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8084 | +0.022% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0118% | 1h | 6.8050 | −0.028% | $45K | $30K | 20x | as long as short |
| Extended XCU-USD | +0.0320% | 1h | 6.8071 | +0.003% | $228K | $2.9M | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
edgeX COPPERUSDC
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