Funding you earn now, next payment 12:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.50 per $10,000 · paid last 24h +0.057%
Price spread now: KuCoin against GRVT+0.004%113s7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as 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−$1171.165% of the position
Funding, last 7 days+0.437%+$44 on $10k
+Price spread, last 4 days (all we have)−0.012%−$1 · spread now +0.004%, 7d avg −0.005%
=Together, before fees+0.425%+ Points / potential airdropGRVT: Active · farm board+$42 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 113 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 | 6.8517 | 0 | get 0.0000% / 4h | 1h 55m | $92K | $2.3M | 25x |
| Short | KuCoin COPPERUSDTM | 6.8520 | 0.0100 | get 0.0050% / 4h | 1h 55m | $267K | $39K | 50x |
GRVT COPPER_USDT_Perp
KuCoin COPPERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- Price spread: +0.004% → −0.005%
- $0.89
- Slippage, 4 orders
- −$95.51
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$94.62
- Costs to cover
- 1.165%
- Break-even
- 38.5 days
Slippage from GRVT: live order book, 1 min ago; KuCoin: live order book, 47 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 | 1.46 bp | 6.0 bp −$6 | 10.1 bp −$101 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 47 min ago | 13.16 bp | 55.3 bp −$55 | 446.0 bp −$4,460 | 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 | 6.8536 | +0.027% | $35K | $31K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8550 | +0.048% | $9.0M | $32.0M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8478 | −0.057% | $509K | $816K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8330 | −0.273% | $1.3M | $181K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8540 | +0.033% | $26.3M | $5.5M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8540 | +0.033% | $3.1M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8508 | −0.014% | $775K | $538K | — | as long as short |
| GRVT COPPER_USDT_Perplong | 0.0000% | 4h | 6.8517 | long leg | $92K | $2.3M | 25x | |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8530 | +0.019% | — | $4.8M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8530 | +0.019% | $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 | 6.8320 | −0.288% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8473 | −0.065% | $179K | — | 250x | as long as short |
| BloFin XCU-USDT | +0.0007% | 8h | 6.8426 | −0.133% | $48K | $302K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0010% | 4h | 6.8498 | −0.028% | $95K | $319K | 20x | as long as short |
| QFEX COPPER-USD | +0.0011% | 1h | 6.8510 | −0.010% | $1.5M | $150K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8616 | +0.144% | $480K | $25K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8512 | −0.008% | $274K | $1.7M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8483 | −0.050% | — | $36K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8503 | −0.021% | $10.8M | $3.9M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8500 | −0.025% | $907 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8514 | −0.005% | $2K | $825 | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8453 | −0.094% | $59K | $52K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8516 | −0.002% | $24K | $13K | 10x | as long as short |
| KuCoin COPPERUSDTMshort | +0.0100% | 4h | 6.8520 | +0.004% | $267K | $39K | 50x | |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8580 | +0.092% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8516 | −0.002% | $313 | — | 10x | as long as short |
| Phoenix COPPER | +0.0117% | 1h | 6.8479 | −0.056% | $44K | $16K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0337% | 1h | 6.8475 | −0.061% | $34K | $180K | 20x | as long as short |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
BloFin XCU-USDT
edgeX COPPERUSDC
QFEX COPPER-USD
Lighter XCU
Extended XCU-USD
Vest HG-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Pacifica COPPER
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD