Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.071%
Price spread now: Orderly against MEXC+0.044%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.044% dearer against MEXC than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC COPPER_USDT | 6.8320 | 0 | get 0.0000% / 4h | 2h 51m | $26.8M | $4.6M | 100x |
| Short | Orderly PERP_COPPER_USDC_mythos | 6.8350 | 0.0100 | get 0.0100% / 8h | 2h 51m | $3K | — | 10x |
MEXC COPPER_USDT
Orderly PERP_COPPER_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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: +0.044% → 0.000%
- $4.39
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $19.39
- Costs to cover
- 0.060%
- Break-even
- 0.5 days
Slippage unknown: MEXC: live order book, 2 min ago; Orderly: no order-book sample. 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 MEXC live order book, 2 min ago | 0.73 bp | 0.7 bp −$1 | 2.0 bp −$20 | 8.6 bp −$865 | 210.7 bp −$105.3K |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 6.8307 | −0.020% | $35K | $176K | 20x | as long as short |
| BloFin COPPER-USDT | −0.0014% | 4h | 6.8310 | −0.015% | $88K | $138K | 100x | as long as short |
| QFEX COPPER-USD | −0.0001% | 1h | 6.8310 | −0.015% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8322 | +0.002% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8320 | 0.000% | $9.1M | $33.0M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8286 | −0.050% | $490K | $969K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8110 | −0.307% | $1.3M | $519K | 100x | as long as short |
| MEXC COPPER_USDTlong | 0.0000% | 4h | 6.8320 | long leg | $26.8M | $4.6M | 100x | |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8310 | −0.015% | $2.5M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8293 | −0.039% | $741K | $1.4M | — | as long as short |
Kraken Futures PF_XCUUSD
BloFin COPPER-USDT
QFEX COPPER-USD
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 | 6.8294 | −0.037% | $91K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8320 | 0.000% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8310 | −0.015% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8170 | −0.220% | $4.2M | $79K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8309 | −0.017% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0010% | 4h | 6.8283 | −0.054% | $95K | $318K | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0011% | 1h | 6.8292 | −0.041% | $10.6M | $4.9M | 20x | as long as short |
| Phoenix COPPER | +0.0023% | 1h | 6.8295 | −0.037% | $45K | $23K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8416 | +0.141% | $478K | $39K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8305 | −0.021% | $271K | $2.5M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8307 | −0.019% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8294 | −0.037% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8294 | −0.038% | $904 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8310 | −0.015% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8314 | −0.009% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8320 | 0.000% | $278K | $35K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythosshort | +0.0100% | 8h | 6.8350 | +0.044% | $3K | — | 10x | |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8305 | −0.023% | $312 | — | 10x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
tradeXYZ xyz:COPPER
Phoenix COPPER
Lighter XCU
Extended XCU-USD
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Aevo COPPER-PERP