Funding you earn now, next payment 06:00 UTC−0.0099%/8h= −10.8% APRpaid last 24h −0.045%
Price spread now: gTrade (Gains Network) against KuCoin−0.040%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$546as in the Price arb table
costs, in and out, $10k−$5445.439% of the position
Funding, last 1 day (all we have)−0.048%−$5 on $10k
+Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.040%, 7d avg −0.018%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.022% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.018%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin COPPERUSDTM | 6.8250 | 0.0100 | pay 0.0050% / 4h | 2h 07m | $278K | $35K | 50x |
| Short | gTrade (Gains Network) HG/USD | 6.8223 | L +0.0002% / S −0.0001% | get 0.0000% / 1h | 7m 02s | $178K | — | 250x |
KuCoin COPPERUSDTM
gTrade (Gains Network) HG/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$20.7
- Price spread: −0.040% → −0.018%
- −$2.21
- Slippage, 4 orders
- −$521.88
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$566.78
- Costs to cover
- 5.439%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 50 min ago; gTrade (Gains Network): virtual book (oracle venue), 7 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, 50 min ago | 15.37 bp | 45.4 bp −$45 | 657.6 bp −$6,576 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 7 min ago | 130.01 bp | 213.7 bp −$214 | 1617.5 bp −$16.2K | 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 | −0.0480% | 1h | 6.8243 | −0.010% | $35K | $176K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0002% | 1h | 6.8207 | −0.063% | $10.6M | $5.0M | 20x | as long as short |
| QFEX COPPER-USD | −0.0001% | 1h | 6.8230 | −0.029% | $1.5M | $130K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8251 | +0.002% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8260 | +0.015% | $9.2M | $33.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8178 | −0.105% | $498K | $973K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8100 | −0.220% | $1.3M | $532K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8260 | +0.015% | $26.7M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8240 | −0.015% | $2.9M | $2.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8223 | −0.039% | $740K | $1.4M | — | as long as short |
Kraken Futures PF_XCUUSD
tradeXYZ xyz:COPPER
QFEX COPPER-USD
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPERShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8221 | −0.043% | $95K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8250 | 0.000% | — | $6.5M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8280 | +0.044% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8220 | −0.044% | $4.2M | $81K | 100x | as long as short |
| gTrade (Gains Network) HG/USDshort | L +0.0002% / S −0.0001% | 1h | 6.8223 | −0.040% | $178K | — | 250x | |
| edgeX COPPERUSDC | +0.0009% | 4h | 6.8219 | −0.045% | $95K | $318K | 20x | as long as short |
| Phoenix COPPER | +0.0023% | 1h | 6.8242 | −0.012% | $45K | $23K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8327 | +0.113% | $478K | $40K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8231 | −0.028% | $276K | $2.4M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8223 | −0.040% | — | $82K | 25x | as long as short |
| BloFin COPPER-USDT | +0.0047% | 4h | 6.8220 | −0.044% | $87K | $140K | 100x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8222 | −0.041% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8206 | −0.064% | $903 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8245 | −0.007% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8224 | −0.038% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTMlong | +0.0100% | 4h | 6.8250 | long leg | $278K | $35K | 50x | |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8320 | +0.103% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8244 | −0.008% | $312 | — | 10x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
edgeX COPPERUSDC
Phoenix COPPER
Lighter XCU
Extended XCU-USD
Vest HG-PERP
BloFin COPPER-USDT
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP