Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.50 per $10,000 · paid last 24h +0.087%
Price spread now: KuCoin against MEXC−0.029%7-day average +0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$1311.307% of the position
Funding, last 7 days+0.508%+$51 on $10k
+Price spread, last 4 days (all we have)+0.109%+$11 · spread now −0.029%, 7d avg +0.032%
=Funding pays, the price is against you. KuCoin is 0.061% cheaper against MEXC than usual: you would sell low and buy high (spread −0.029% now, against its 7-day average of +0.032%). If the spread goes back, that is −$6 on $10k: about 2.0 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.508% in total) that is about 20 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC COPPER_USDT | 6.8280 | 0 | get 0.0000% / 4h | 3h 46m | $25.8M | $4.3M | 100x |
| Short | KuCoin COPPERUSDTM | 6.8260 | 0.0100 | get 0.0050% / 4h | 3h 46m | $291K | $32K | 50x |
MEXC COPPER_USDT
KuCoin COPPERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: −0.029% → +0.032%
- −$6.11
- Slippage, 4 orders
- −$118.68
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$115.79
- Costs to cover
- 1.307%
- Break-even
- 45.6 days
Slippage from MEXC: live order book, 2 min ago; KuCoin: live order book, 25 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, 2 min ago | 0.73 bp | 0.7 bp −$1 | 2.3 bp −$23 | 9.3 bp −$934 | 184.3 bp −$92.1K |
| Sell KuCoin live order book, 25 min ago | 9.53 bp | 75.4 bp −$75 | 637.3 bp −$6,373 | 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 | −0.0404% | 1h | 6.8249 | −0.045% | $35K | $176K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0091% | 1h | 6.8262 | −0.026% | $10.5M | $4.8M | 20x | as long as short |
| BloFin COPPER-USDT | −0.0004% | 4h | 6.8270 | −0.015% | $88K | $144K | 100x | as long as short |
| QFEX COPPER-USD | −0.0003% | 1h | 6.8280 | 0.000% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8301 | +0.030% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8290 | +0.015% | $9.1M | $33.0M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8279 | −0.001% | $481K | $961K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8080 | −0.293% | $1.3M | $497K | 100x | as long as short |
| MEXC COPPER_USDTlong | 0.0000% | 4h | 6.8280 | long leg | $25.8M | $4.3M | 100x | |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8280 | 0.000% | $2.5M | $1.7M | 100x | as long as short |
Kraken Futures PF_XCUUSD
tradeXYZ xyz:COPPER
BloFin COPPER-USDT
QFEX COPPER-USD
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
Bitget COPPERUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni COPPER | 0.0000% | 4h | 6.8243 | −0.054% | $743K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8252 | −0.042% | $88K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8280 | 0.000% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8300 | +0.029% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8180 | −0.146% | $4.2M | $78K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8289 | +0.013% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0005% | 4h | 6.8237 | −0.063% | $95K | $319K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8387 | +0.157% | $478K | $40K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8293 | +0.018% | $266K | $2.6M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8289 | +0.013% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8294 | +0.021% | $45K | $23K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8273 | −0.010% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8265 | −0.022% | $904 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8201 | −0.116% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8295 | +0.022% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTMshort | +0.0100% | 4h | 6.8260 | −0.029% | $291K | $32K | 50x | |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8340 | +0.088% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8271 | −0.013% | $312 | — | 10x | as long as short |
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
Lighter XCU
Extended XCU-USD
Vest HG-PERP
Phoenix COPPER
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP