Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.050%
Price spread now: Variational Omni against GRVT+0.004%104s7-day average −0.036% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.050%−$5 on $10k
+Price spread, last 3 days (all we have)−0.039%−$4 · spread now +0.004%, 7d avg −0.036%
=Together, before fees−0.090%+ Points / potential airdropGRVT: Active · Variational Omni: Active · farm board−$9 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: Variational Omni is 0.040% dearer against GRVT than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.036%. The two prices were read 104 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 | 6.8102 | 0 | get 0.0000% / 4h | 2h 49m | $89K | $2.1M | 25x |
| Short | Variational Omni COPPER | 6.8104 | 0 | get 0.0000% / 4h | 2h 49m | $742K | $1.4M | — |
GRVT COPPER_USDT_Perp
Variational Omni COPPERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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: +0.004% → −0.036%
- $4.02
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$4.98
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: GRVT: live order book, 4 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.
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, 4 min ago | 0.73 bp | 5.8 bp −$6 | 19.0 bp −$190 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 2.97 bp | doesn't fit | 9.2 bp −$92 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCUUSD | −0.1014% | 1h | 6.8035 | −0.098% | $32K | $175K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0131% | 1h | 6.7984 | −0.173% | $10.4M | $4.8M | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8050 | −0.076% | $32K | $35K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8058 | −0.065% | $9.1M | $32.4M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8021 | −0.119% | $472K | $943K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7920 | −0.267% | $1.3M | $478K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8050 | −0.076% | $26.9M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8060 | −0.061% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPERshort | 0.0000% | 4h | 6.8104 | +0.004% | $742K | $1.4M | — | |
| GRVT COPPER_USDT_Perplong | 0.0000% | 4h | 6.8102 | long leg | $89K | $2.1M | 25x |
Kraken Futures PF_XCUUSD
tradeXYZ xyz:COPPER
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX COPPER-USDT | 0.0000% | 4h | 6.8090 | −0.017% | — | $6.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8110 | +0.012% | $61K | $26K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7910 | −0.282% | $4.2M | $75K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8028 | −0.109% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0006% | 1h | 6.8070 | −0.047% | $1.5M | $129K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0010% | 4h | 6.8069 | −0.048% | $94K | $318K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0032% | 4h | 6.8100 | −0.003% | $88K | $145K | 100x | as long as short |
| Phoenix COPPER | +0.0035% | 1h | 6.8045 | −0.083% | $45K | $30K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8044 | −0.085% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8085 | −0.024% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8028 | −0.108% | $901 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8061 | −0.060% | $57K | $55K | 15x | as long as short |
| Lighter XCU | +0.0072% | 1h | 6.8133 | +0.046% | $477K | $39K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8068 | −0.049% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8040 | −0.091% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8110 | +0.012% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8044 | −0.085% | $311 | — | 10x | as long as short |
| Extended XCU-USD | +0.0408% | 1h | 6.8020 | −0.121% | $233K | $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
BloFin COPPER-USDT
Phoenix COPPER
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Extended XCU-USD