Funding you earn now, next payment 04:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h −0.017%
Price spread now: Extended against KuCoin+0.032%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$172as in the Funding arb table
Net, price: spread back to 7d avg − costs−$156as in the Price arb table
costs, in and out, $10k−$1571.569% of the position
Funding, last 7 days−0.152%−$15 on $10k
+Price spread, last 4 days (all we have)−0.065%−$7 · spread now +0.032%, 7d avg +0.020%
=Together, before fees−0.217%+ Points / potential airdropExtended: Active · farm board−$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.152%, 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 | KuCoin COPPERUSDTM | 6.8200 | 0.0100 | pay 0.0050% / 4h | 19m 31s | $290K | $32K | 50x |
| Short | Extended XCU-USD | 6.8222 | 0.0248 | get 0.0031% / 1h | 19m 31s | $263K | $2.7M | 20x |
KuCoin COPPERUSDTM
Extended XCU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against KuCoin. 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
- $31.08
- Price spread: +0.032% → +0.020%
- $1.21
- Slippage, 4 orders
- −$139.87
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$124.58
- Costs to cover
- 1.569%
- Break-even
- 35.1 days
Slippage from KuCoin: live order book, 61 min ago; Extended: live order book, 4 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 KuCoin live order book, 61 min ago | 10.26 bp | 66.8 bp −$67 | 691.6 bp −$6,916 | doesn't fit | doesn't fit |
| Sell Extended live order book, 4 min ago | 1.69 bp | 4.8 bp −$5 | 56.6 bp −$566 | 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 | 6.8243 | +0.063% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8210 | +0.015% | $9.0M | $32.8M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8198 | −0.003% | $480K | $962K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8090 | −0.161% | $1.3M | $495K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8200 | 0.000% | $26.0M | $4.3M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8200 | 0.000% | $2.5M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8182 | −0.026% | $742K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8210 | +0.015% | $96K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8210 | +0.015% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8230 | +0.044% | $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
GRVT COPPER_USDT_Perp
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 | 6.8160 | −0.059% | $4.2M | $76K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8221 | +0.031% | $178K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0009% | 1h | 6.8210 | +0.015% | $1.5M | $129K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0017% | 4h | 6.8176 | −0.035% | $94K | $318K | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0020% | 1h | 6.8177 | −0.034% | $10.5M | $4.8M | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8297 | +0.142% | $477K | $40K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0045% | 4h | 6.8200 | 0.000% | $88K | $143K | 100x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8215 | +0.022% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8201 | +0.001% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8186 | −0.021% | $903 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8214 | +0.021% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8225 | +0.037% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTMlong | +0.0100% | 4h | 6.8200 | long leg | $290K | $32K | 50x | |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8250 | +0.073% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8191 | −0.013% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0164% | 1h | 6.8210 | +0.015% | $45K | $23K | 20x | as long as short |
| Extended XCU-USDshort | +0.0248% | 1h | 6.8222 | +0.032% | $263K | $2.7M | 20x | |
| Kraken Futures PF_XCUUSD | +0.0291% | 1h | 6.8168 | −0.046% | $34K | $176K | 20x | as long as short |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
edgeX COPPERUSDC
tradeXYZ xyz:COPPER
Lighter XCU
BloFin COPPER-USDT
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD