Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.032%
Price spread now: Binance against Ondo Perps+0.042%46s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.321%−$32 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
The price spread pays, funding is against you. Binance is 0.042% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.042% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.8 days. At the pace of the last 7 days (−0.321% in total) that is about 22 hours. The two prices were read 46 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 | Ondo Perps COPPER-USD.P | 6.8321 | 0.0050 | pay 0.0006% / 1h | 51m 00s | $57K | $55K | 15x |
| Short | Binance COPPERUSDT | 6.8350 | 0 | get 0.0000% / 4h | 3h 51m | $9.1M | $33.5M | 100x |
Ondo Perps COPPER-USD.P
Binance COPPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Ondo Perps. 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
- −$10.58
- Price spread: +0.042% → 0.000%
- $4.24
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$21.34
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 6 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 6 min ago | 0.73 bp | 5.7 bp −$6 | 9.3 bp −$93 | 76.8 bp −$7,684 | doesn't fit |
Ondo Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XCUUSDT | 0.0000% | 4h | 6.8337 | +0.024% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDTshort | 0.0000% | 4h | 6.8350 | +0.042% | $9.1M | $33.5M | 100x | |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8291 | −0.044% | $494K | $997K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8160 | −0.236% | $1.3M | $503K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8340 | +0.028% | $26.7M | $5.3M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8320 | −0.001% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8344 | +0.033% | $767K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8331 | +0.014% | $89K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8320 | −0.001% | — | $6.0M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8330 | +0.013% | $61K | $24K | 75x | as long as short |
Aster XCUUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
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 | 6.8190 | −0.192% | $4.2M | $82K | 100x | as long as short |
| BloFin COPPER-USDT | +0.0002% | 4h | 6.8350 | +0.042% | $89K | $146K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8286 | −0.052% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0013% | 4h | 6.8292 | −0.043% | $95K | $319K | 20x | as long as short |
| QFEX COPPER-USD | +0.0018% | 1h | 6.8300 | −0.031% | $1.5M | $140K | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0020% | 1h | 6.8285 | −0.053% | $10.6M | $4.9M | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8312 | −0.013% | $273K | $1.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8280 | −0.060% | — | $82K | 25x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8288 | −0.048% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8285 | −0.053% | $2K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.Plong | +0.0050% | 1h | 6.8321 | long leg | $57K | $55K | 15x | |
| Kraken Futures PF_XCUUSD | +0.0076% | 1h | 6.8265 | −0.083% | $34K | $178K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8286 | −0.052% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8320 | −0.001% | $266K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8390 | +0.101% | $3K | — | 10x | as long as short |
| Lighter XCU | +0.0104% | 1h | 6.8422 | +0.148% | $479K | $26K | 20x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8325 | +0.005% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0129% | 1h | 6.8255 | −0.097% | $45K | $22K | 20x | as long as short |
Phemex COPPERUSDT
BloFin COPPER-USDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
tradeXYZ xyz:COPPER
Extended XCU-USD
Vest HG-PERP
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Lighter XCU
Aevo COPPER-PERP
Phoenix COPPER