Funding you earn now, next payment 00:00 UTC+0.0015%/8h= +1.7% APRnext payment +$0.08 per $10,000 · paid last 24h −0.002%
Price spread now: BloFin against MEXC−0.029%79s7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$250.253% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 3 days (all we have)+0.019%+$2 · spread now −0.029%, 7d avg +0.009%
=Funding pays, the price is against you. BloFin is 0.038% cheaper against MEXC than usual: you would sell low and buy high (spread −0.029% now, against its 7-day average of +0.009%). If the spread goes back, that is −$4 on $10k: about 8.3 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.013% in total) that is about 21 days. The two prices were read 79 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 | MEXC COPPER_USDT | 6.7960 | 0 | get 0.0000% / 4h | 1h 13m | $26.9M | $5.1M | 100x |
| Short | BloFin COPPER-USDT | 6.7940 | 0.0015 | get 0.0008% / 4h | 1h 13m | $87K | $149K | 100x |
MEXC COPPER_USDT
BloFin COPPER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. 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
- $3.2
- Price spread: −0.029% → +0.009%
- −$3.8
- Slippage, 4 orders
- −$13.33
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$25.93
- Costs to cover
- 0.253%
- Break-even
- 63.7 days
Slippage from MEXC: live order book, 5 min ago; BloFin: live order book, 60 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 MEXC live order book, 5 min ago | 0.74 bp | 0.7 bp −$1 | 2.6 bp −$26 | 5.4 bp −$542 | 270.8 bp −$135.4K |
| Sell BloFin live order book, 60 min ago | 0.74 bp | 12.1 bp −$12 | 20.0 bp −$200 | 69.3 bp −$6,926 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX COPPER-USD | −0.0015% | 1h | 6.7950 | −0.015% | $1.5M | $135K | 20x | as long as short |
| edgeX COPPERUSDC | −0.0010% | 4h | 6.7967 | +0.010% | $93K | $318K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0005% | 1h | 6.7919 | −0.060% | $10.4M | $5.4M | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7960 | 0.000% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7970 | +0.015% | $9.0M | $34.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7936 | −0.035% | $466K | $1.2M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7820 | −0.206% | $1.3M | $499K | 100x | as long as short |
| MEXC COPPER_USDTlong | 0.0000% | 4h | 6.7960 | long leg | $26.9M | $5.1M | 100x | |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.7970 | +0.015% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.7967 | +0.010% | $739K | $1.6M | — | as long as short |
QFEX COPPER-USD
edgeX COPPERUSDC
tradeXYZ xyz:COPPER
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_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 | 6.7979 | +0.028% | $90K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7960 | 0.000% | — | $7.7M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8010 | +0.074% | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7910 | −0.074% | $4.2M | $81K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.7926 | −0.051% | $176K | — | 250x | as long as short |
| BloFin COPPER-USDTshort | +0.0015% | 4h | 6.7940 | −0.029% | $87K | $149K | 100x | |
| Lighter XCU | +0.0032% | 1h | 6.8062 | +0.150% | $476K | $45K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.7937 | −0.034% | $231K | $2.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7915 | −0.066% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7952 | −0.012% | $1K | $3K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7936 | −0.035% | $900 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7915 | −0.066% | $56K | $55K | 15x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0060% | 1h | 6.7943 | −0.025% | $26K | $171K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7946 | −0.021% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7970 | +0.015% | $258K | $26K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8030 | +0.103% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7956 | −0.005% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0329% | 1h | 6.7935 | −0.037% | $45K | $30K | 20x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
Lighter XCU
Extended XCU-USD
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER