Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.111%
Price spread now: Variational Omni against KuCoin−0.084%7-day average −0.040% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.226%−$23 on $10k
+Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.084%, 7d avg −0.040%
=Together, before fees−0.169%+ Points / potential airdropVariational Omni: Active · farm board−$17 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 Variational Omni is 0.045% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.040%). Swap the legs.
| 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 | 23m 20s | $265K | $23K | 50x |
| Short | Variational Omni COPPER | 6.8142 | 0 | get 0.0000% / 4h | 23m 20s | $742K | $1.4M | — |
KuCoin COPPERUSDTM
Variational Omni COPPERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$21
- Price spread: −0.084% → −0.040%
- −$4.48
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$37.48
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 58 min ago; Variational Omni: RFQ quote, 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, 58 min ago | 10.26 bp | 66.8 bp −$67 | 691.6 bp −$6,916 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 2.98 bp | doesn't fit | 7.4 bp −$74 | 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 | 6.8233 | +0.049% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8190 | −0.015% | $9.0M | $32.8M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8200 | 0.000% | $480K | $962K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8070 | −0.191% | $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 | 6.8180 | −0.029% | $2.5M | $1.7M | 100x | as long as short |
| Variational Omni COPPERshort | 0.0000% | 4h | 6.8142 | −0.084% | $742K | $1.4M | — | |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8186 | −0.020% | $96K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8190 | −0.015% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8190 | −0.015% | $61K | $24K | 75x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
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 | 6.8140 | −0.088% | $4.2M | $76K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8214 | +0.020% | $178K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0009% | 1h | 6.8200 | 0.000% | $1.5M | $129K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0011% | 4h | 6.8151 | −0.071% | $94K | $317K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0021% | 4h | 6.8170 | −0.044% | $88K | $143K | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8290 | +0.132% | $477K | $40K | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0041% | 1h | 6.8177 | −0.034% | $10.5M | $4.8M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8211 | +0.016% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8193 | −0.010% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8177 | −0.034% | $903 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8102 | −0.144% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8221 | +0.031% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTMlong | +0.0100% | 4h | 6.8200 | long leg | $265K | $23K | 50x | |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8240 | +0.059% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8171 | −0.043% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0164% | 1h | 6.8187 | −0.019% | $45K | $23K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0291% | 1h | 6.8168 | −0.046% | $34K | $176K | 20x | as long as short |
| Extended XCU-USD | +0.0352% | 1h | 6.8205 | +0.007% | $263K | $2.7M | 20x | as long as short |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
edgeX COPPERUSDC
BloFin COPPER-USDT
Lighter XCU
tradeXYZ xyz:COPPER
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
Extended XCU-USD