Funding you earn now, next payment 04:00 UTC+0.0051%/8h= +5.6% APRnext payment +$0.25 per $10,000 · paid last 24h −0.014%
Price spread now: BloFin against GRVT−0.011%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$310.305% of the position
Funding, last 7 days−0.068%−$7 on $10k
+Price spread, last 4 days (all we have)+0.070%+$7 · spread now −0.011%, 7d avg −0.024%
=Together, before fees+0.002%+ Points / potential airdropGRVT: Active · farm board$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.024%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.068%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT COPPER_USDT_Perp | 6.8177 | 0 | get 0.0000% / 4h | 1h 33m | $87K | $2.0M | 25x |
| Short | BloFin COPPER-USDT | 6.8170 | 0.0051 | get 0.0025% / 4h | 1h 33m | $88K | $143K | 100x |
GRVT COPPER_USDT_Perp
BloFin COPPER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $10.71
- Price spread: −0.011% → −0.024%
- $1.32
- Slippage, 4 orders
- −$9.52
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$18.49
- Costs to cover
- 0.305%
- Break-even
- 19.1 days
Slippage from GRVT: live order book, 5 min ago; BloFin: live order book, 3 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, 5 min ago | 0.73 bp | 5.7 bp −$6 | 17.3 bp −$173 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 0.73 bp | 9.7 bp −$10 | 11.7 bp −$117 | 40.3 bp −$4,032 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX COPPER-USD | 0.0000% | 1h | 6.8150 | −0.040% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8176 | −0.002% | $32K | $21K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8173 | −0.006% | $9.0M | $32.4M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8139 | −0.056% | $469K | $942K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8010 | −0.245% | $1.3M | $491K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8170 | −0.011% | $26.0M | $4.2M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8180 | +0.004% | $1.7M | $999K | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8152 | −0.037% | $742K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perplong | 0.0000% | 4h | 6.8177 | long leg | $87K | $2.0M | 25x | |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8170 | −0.011% | — | $6.7M | 20x | as long as short |
QFEX COPPER-USD
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
SunX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8210 | +0.048% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8060 | −0.172% | $4.2M | $75K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8145 | −0.047% | $178K | — | 250x | as long as short |
| Phoenix COPPER | +0.0012% | 1h | 6.8180 | +0.004% | $45K | $23K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0016% | 4h | 6.8152 | −0.038% | $94K | $318K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8144 | −0.049% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8159 | −0.026% | $1K | $2K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8140 | −0.055% | $10.4M | $4.8M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8139 | −0.056% | $902 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8131 | −0.068% | $57K | $55K | 15x | as long as short |
| BloFin COPPER-USDTshort | +0.0051% | 4h | 6.8170 | −0.011% | $88K | $143K | 100x | |
| Lighter XCU | +0.0064% | 1h | 6.8266 | +0.130% | $478K | $39K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8163 | −0.021% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8160 | −0.025% | $258K | $21K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8220 | +0.063% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8161 | −0.024% | $312 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0195% | 1h | 6.8155 | −0.033% | $32K | $176K | 20x | as long as short |
| Extended XCU-USD | +0.0640% | 1h | 6.8136 | −0.061% | $223K | $2.8M | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
Phoenix COPPER
edgeX COPPERUSDC
Vest HG-PERP
Paradex XCU-USD-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD
Extended XCU-USD