COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.046%

Price spread now: Phemex against KuCoin−0.161%50s7-day average −0.055% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.248%−$25 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.161%, 7d avg −0.055%

Together, before fees−0.204%−$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phemex is 0.106% cheaper against KuCoin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.055%). Swap the legs. The two prices were read 50 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	KuCoin COPPERUSDTM	6.8300	0.0100	pay 0.0050% / 4h	37m 24s	$278K	$37K	50x
Short	Phemex COPPERUSDT	6.8190	0	get 0.0000% / 4h	37m 24s	$4.2M	$83K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee PhemexbpOrdersPrice spread, now −0.161%Rate

Funding earned: −$21
Price spread: −0.161% → −0.055%: −$10.6
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$55.6
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 65 min ago; Phemex: live order book, 1 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 KuCoin live order book, 65 min ago	15.41 bp	71.7 bp −$72	712.3 bp −$7,123	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	1.47 bp	doesn't fit	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
BloFin COPPER-USDT	−0.0050%	4h	6.8350	+0.073%	$88K	$143K	100x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8296	−0.006%	$32K	$27K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8330	+0.044%	$9.1M	$33.7M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8273	−0.040%	$495K	$1.0M	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8170	−0.190%	$1.3M	$528K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8330	+0.044%	$26.6M	$5.2M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8330	+0.044%	$2.9M	$1.6M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8332	+0.046%	$765K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8346	+0.067%	$94K	$2.4M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8330	+0.044%	—	$6.2M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX COPPER-USDT	0.0000%	4h	6.8370	+0.102%	$61K	$24K	75x	as long as short
Phemex COPPERUSDTshort	0.0000%	4h	6.8190	−0.161%	$4.2M	$83K	100x
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8279	−0.031%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0002%	4h	6.8326	+0.038%	$95K	$318K	20x	as long as short
QFEX COPPER-USD	+0.0017%	1h	6.8320	+0.029%	$1.5M	$128K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8294	−0.009%	—	$82K	25x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8301	+0.001%	$10.6M	$5.0M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8295	−0.007%	$4K	$5K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8300	−0.001%	$2K	$1K	5x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8253	−0.069%	$57K	$55K	15x	as long as short
Extended XCU-USD	+0.0080%	1h	6.8277	−0.033%	$272K	$2.0M	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8290	−0.015%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTMlong	+0.0100%	4h	6.8300	long leg	$278K	$37K	50x
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8400	+0.146%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8318	+0.026%	$312	—	10x	as long as short
Phoenix COPPER	+0.0106%	1h	6.8335	+0.051%	$45K	$22K	20x	as long as short
Lighter XCU	+0.0176%	1h	6.8431	+0.192%	$479K	$26K	20x	as long as short
Kraken Futures PF_XCUUSD	+0.0357%	1h	6.8291	−0.013%	$34K	$177K	20x	as long as short