Funding you earn now, next payment 12:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.10 per $10,000 · paid last 24h −0.011%
Price spread now: edgeX against GRVT−0.015%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$410.405% of the position
Funding, last 7 days−0.072%−$7 on $10k
+Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.015%, 7d avg −0.041%
=Together, before fees−0.077%+ Points / potential airdropGRVT: Active · edgeX: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and edgeX is 0.026% dearer against GRVT than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.041%. Mind the row above: over the last 7 days funding on this pair cost −0.072%, 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 | 6.8412 | 0 | get 0.0000% / 4h | 2h 20m | $87K | $2.3M | 25x |
| Short | edgeX COPPERUSDC | 6.8402 | 0.0020 | get 0.0010% / 4h | 2h 20m | $95K | $319K | 20x |
GRVT COPPER_USDT_Perp
edgeX COPPERUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $4.12
- Price spread: −0.015% → −0.041%
- $2.63
- Slippage, 4 orders
- −$22.51
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$33.76
- Costs to cover
- 0.405%
- Break-even
- 64.3 days
Slippage from GRVT: live order book, 1 min ago; edgeX: live order book, 30 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 | 5.2 bp −$5 | 12.7 bp −$127 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 30 min ago | 7.32 bp | 12.8 bp −$13 | 24.4 bp −$244 | doesn't fit | doesn't fit |
COPPER on 28 exchanges
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 | 6.8411 | −0.001% | $35K | $47K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8410 | −0.003% | $9.0M | $32.1M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8367 | −0.066% | $503K | $843K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8260 | −0.222% | $1.3M | $184K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8410 | −0.003% | $26.5M | $5.7M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8410 | −0.003% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8401 | −0.016% | $767K | $549K | — | as long as short |
| GRVT COPPER_USDT_Perplong | 0.0000% | 4h | 6.8412 | long leg | $87K | $2.3M | 25x | |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8430 | +0.026% | — | $5.0M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8450 | +0.056% | $61K | $71K | 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 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8230 | −0.266% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8362 | −0.073% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDCshort | +0.0020% | 4h | 6.8402 | −0.015% | $95K | $319K | 20x | |
| QFEX COPPER-USD | +0.0020% | 1h | 6.8400 | −0.018% | $1.5M | $150K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0024% | 4h | 6.8430 | +0.026% | $89K | $155K | 100x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8374 | −0.056% | $272K | $1.7M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8385 | −0.039% | — | $36K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8363 | −0.072% | $10.8M | $3.9M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8363 | −0.072% | $905 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8380 | −0.047% | $2K | $825 | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8367 | −0.066% | $59K | $52K | 15x | as long as short |
| Lighter XCU | +0.0064% | 1h | 6.8497 | +0.124% | $479K | $23K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8379 | −0.049% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8370 | −0.061% | $266K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8440 | +0.041% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8377 | −0.051% | $313 | — | 10x | as long as short |
| Phoenix COPPER | +0.0117% | 1h | 6.8403 | −0.013% | $45K | $17K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0330% | 1h | 6.8395 | −0.025% | $34K | $180K | 20x | as long as short |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
BloFin COPPER-USDT
Extended XCU-USD
Vest HG-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD