Funding you earn now, next payment 07:00 UTC+0.0027%/8h= +3.0% APRpaid last 24h +0.020%
Price spread now: tradeXYZ against GRVT−0.100%86s7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as 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−$370.366% of the position
Funding, last 7 days+0.101%+$10 on $10k
+Price spread, last 7 days+0.053%+$5 · spread now −0.100%, 7d avg −0.039%
=Together, before fees+0.154%+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.060% cheaper against GRVT than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of −0.039%). If the spread goes back, that is −$6 on $10k: about 7.3 days of funding at the current rate (+$1 a day). The two prices were read 86 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 | 6.8133 | 0 | get 0.0000% / 4h | 1h 17m | $88K | $2.4M | 25x |
| Short | tradeXYZ xyz:COPPER | 6.8065 | 0.0027 | get 0.0003% / 1h | 17m 52s | $10.6M | $5.0M | 20x |
GRVT COPPER_USDT_Perp
tradeXYZ xyz:COPPERFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $5.76
- Price spread: −0.100% → −0.039%
- −$6.03
- Slippage, 4 orders
- −$9.59
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$36.86
- Costs to cover
- 0.366%
- Break-even
- 51.8 days
Slippage from GRVT: live order book, 1 min ago; tradeXYZ: live order book, 11 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 | 7.5 bp −$8 | 17.5 bp −$175 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 11 min ago | 0.88 bp | 10.7 bp −$11 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XCUUSDT | 0.0000% | 4h | 6.8103 | −0.044% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8110 | −0.034% | $9.0M | $33.9M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8049 | −0.123% | $486K | $989K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7960 | −0.254% | $1.3M | $523K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8100 | −0.048% | $26.2M | $5.0M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8110 | −0.034% | $2.9M | $2.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8103 | −0.044% | $748K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perplong | 0.0000% | 4h | 6.8133 | long leg | $88K | $2.4M | 25x | |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8090 | −0.063% | — | $6.4M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8120 | −0.019% | $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 | 6.8100 | −0.048% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8063 | −0.103% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0003% | 1h | 6.8080 | −0.078% | $1.5M | $128K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0017% | 4h | 6.8119 | −0.021% | $94K | $318K | 20x | as long as short |
| tradeXYZ xyz:COPPERshort | +0.0027% | 1h | 6.8065 | −0.100% | $10.6M | $5.0M | 20x | |
| Extended XCU-USD | +0.0032% | 1h | 6.8073 | −0.087% | $275K | $2.3M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8054 | −0.116% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8085 | −0.070% | $45K | $22K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0048% | 4h | 6.8070 | −0.092% | $88K | $139K | 100x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8070 | −0.092% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8062 | −0.104% | $4K | $5K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8072 | −0.089% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8060 | −0.107% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8120 | −0.019% | $278K | $37K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8150 | +0.025% | $3K | — | 10x | as long as short |
| Lighter XCU | +0.0104% | 1h | 6.8214 | +0.119% | $477K | $42K | 20x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8078 | −0.080% | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0108% | 1h | 6.8080 | −0.077% | $34K | $176K | 20x | as long as short |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
edgeX COPPERUSDC
Extended XCU-USD
Vest HG-PERP
Phoenix COPPER
BloFin COPPER-USDT
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Lighter XCU
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD