Funding you earn now, next payment 07:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.016%
Price spread now: tradeXYZ against Ondo Perps−0.179%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.132%−$13 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropOndo Perps: Active · tradeXYZ: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and tradeXYZ is 0.179% cheaper against Ondo Perps than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps COPPER-USD.P | 6.8207 | 0.0050 | pay 0.0006% / 1h | 51m 18s | $57K | $55K | 15x |
| Short | tradeXYZ xyz:COPPER | 6.8085 | 0.0032 | get 0.0004% / 1h | 51m 18s | $10.6M | $5.0M | 20x |
Ondo Perps COPPER-USD.P
tradeXYZ xyz:COPPERFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$3.78
- Price spread: −0.179% → 0.000%
- −$17.89
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$44.66
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; tradeXYZ: 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 tradeXYZ live order book, 6 min ago | 0.81 bp | 10.3 bp −$10 | doesn't fit | doesn't fit | 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 | 6.8146 | −0.090% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8130 | −0.113% | $9.2M | $33.6M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8086 | −0.177% | $497K | $971K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8000 | −0.303% | $1.3M | $520K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8120 | −0.128% | $26.6M | $4.7M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8130 | −0.113% | $2.9M | $2.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8223 | +0.024% | $736K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8190 | −0.025% | $93K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8130 | −0.113% | — | $6.5M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8190 | −0.025% | $61K | $24K | 75x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
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 | 6.8130 | −0.113% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8100 | −0.157% | $178K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0003% | 1h | 6.8140 | −0.098% | $1.5M | $130K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0004% | 4h | 6.8170 | −0.054% | $88K | $139K | 100x | as long as short |
| edgeX COPPERUSDC | +0.0008% | 4h | 6.8177 | −0.044% | $94K | $318K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8111 | −0.141% | $273K | $2.4M | 20x | as long as short |
| tradeXYZ xyz:COPPERshort | +0.0032% | 1h | 6.8085 | −0.179% | $10.6M | $5.0M | 20x | |
| Vest HG-PERP | +0.0046% | 1h | 6.8111 | −0.141% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8168 | −0.057% | $45K | $22K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8114 | −0.136% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8085 | −0.179% | $902 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.Plong | +0.0050% | 1h | 6.8207 | long leg | $57K | $55K | 15x | |
| Lighter XCU | +0.0072% | 1h | 6.8229 | +0.032% | $477K | $41K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8120 | −0.128% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8130 | −0.113% | $278K | $37K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8210 | +0.004% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8121 | −0.127% | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0108% | 1h | 6.8103 | −0.152% | $34K | $176K | 20x | as long as short |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
BloFin COPPER-USDT
edgeX COPPERUSDC
Extended XCU-USD
Vest HG-PERP
Phoenix COPPER
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD