Funding you earn now, next payment 12:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h +0.002%
Price spread now: tradeXYZ against HTX+0.023%49s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.076%−$8 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.023% dearer against HTX than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.076%, so the current rate has only just turned in your favour. The two prices were read 49 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 | HTX COPPER-USDT | 6.8410 | 0 | get 0.0000% / 4h | 46m 32s | $61K | $71K | 75x |
| Short | tradeXYZ xyz:COPPER | 6.8426 | 0.0083 | get 0.0010% / 1h | 46m 32s | $10.9M | $4.0M | 20x |
HTX COPPER-USDT
tradeXYZ xyz:COPPERFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against HTX. 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
- $17.37
- Price spread: +0.023% → 0.000%
- $2.34
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$10.29
- Costs to cover
- 0.300%
- Break-even
- 11.1 days
Slippage unknown: HTX: no order-book sample; tradeXYZ: live order book, 5 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 HTX no order-book sample | — | — | — | — | — |
| Sell tradeXYZ live order book, 5 min ago | 0.73 bp | 10.3 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COPPER-USDT | −0.0036% | 4h | 6.8450 | +0.058% | $90K | $155K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8454 | +0.064% | $35K | $41K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8450 | +0.059% | $9.3M | $33.1M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8377 | −0.048% | $532K | $823K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8300 | −0.161% | $1.3M | $174K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8440 | +0.044% | $26.2M | $5.6M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8430 | +0.029% | $3.9M | $2.2M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8537 | +0.185% | $774K | $540K | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8449 | +0.057% | $91K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8420 | +0.015% | — | $4.6M | 20x | as long as short |
BloFin COPPER-USDT
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDTlong | 0.0000% | 4h | 6.8410 | long leg | $61K | $71K | 75x | |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8390 | −0.029% | $4.2M | $83K | 100x | as long as short |
| QFEX COPPER-USD | +0.0001% | 1h | 6.8440 | +0.044% | $1.5M | $151K | 20x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8388 | −0.032% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0002% | 4h | 6.8435 | +0.036% | $95K | $321K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8509 | +0.145% | $479K | $27K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8433 | +0.034% | $270K | $1.7M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8422 | +0.018% | — | $36K | 25x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8421 | +0.016% | $906 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8424 | +0.021% | $2K | $825 | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8439 | +0.042% | $59K | $54K | 15x | as long as short |
| tradeXYZ xyz:COPPERshort | +0.0083% | 1h | 6.8426 | +0.023% | $10.9M | $4.0M | 20x | |
| Pacifica COPPER | +0.0100% | 1h | 6.8428 | +0.027% | $24K | $13K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8440 | +0.044% | $251K | $43K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8500 | +0.132% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8418 | +0.011% | $313 | — | 10x | as long as short |
| Phoenix COPPER | +0.0140% | 1h | 6.8488 | +0.114% | $44K | $11K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0181% | 1h | 6.8427 | +0.024% | $34K | $180K | 20x | as long as short |
Phemex COPPERUSDT
QFEX COPPER-USD
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
Lighter XCU
Extended XCU-USD
Vest HG-PERP
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD