Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.019%
Price spread now: Ondo Perps against Orderly−0.034%7-day average — · you buy dearer than you sell
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—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Ondo Perps is 0.034% cheaper against Orderly than usual: you would sell low and buy high (−$3 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 | Orderly PERP_COPPER_USDC_mythos | 6.8310 | 0.0100 | pay 0.0100% / 8h | 7h 45m | $3K | — | 10x |
| Short | Ondo Perps COPPER-USD.P | 6.8287 | 0.0050 | get 0.0006% / 1h | 45m 23s | $57K | $53K | 15x |
Orderly PERP_COPPER_USDC_mythos
Ondo Perps COPPER-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Orderly. 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
- −$10.42
- Price spread: −0.034% → 0.000%
- −$3.37
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$24.78
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Ondo Perps: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Orderly and 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:COPPER | −0.0034% | 1h | 6.8186 | −0.182% | $10.7M | $5.0M | 20x | as long as short |
| BloFin COPPER-USDT | −0.0011% | 4h | 6.8230 | −0.117% | $88K | $149K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8261 | −0.071% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8244 | −0.096% | $9.1M | $33.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8228 | −0.120% | $494K | $996K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8130 | −0.264% | $1.3M | $503K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8250 | −0.088% | $26.3M | $5.5M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8230 | −0.117% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8284 | −0.038% | $759K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8340 | +0.044% | $94K | $2.4M | 25x | as long as short |
tradeXYZ xyz:COPPER
BloFin COPPER-USDT
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX COPPER-USDT | 0.0000% | 4h | 6.8280 | −0.044% | — | $5.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8320 | +0.015% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8140 | −0.249% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8264 | −0.067% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0016% | 4h | 6.8318 | +0.012% | $95K | $319K | 20x | as long as short |
| QFEX COPPER-USD | +0.0018% | 1h | 6.8250 | −0.088% | $1.5M | $140K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8215 | −0.139% | $273K | $1.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8246 | −0.094% | — | $82K | 25x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8197 | −0.165% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8262 | −0.070% | $2K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.Pshort | +0.0050% | 1h | 6.8287 | −0.034% | $57K | $53K | 15x | |
| Kraken Futures PF_XCUUSD | +0.0076% | 1h | 6.8222 | −0.129% | $34K | $178K | 20x | as long as short |
| Lighter XCU | +0.0080% | 1h | 6.8329 | +0.028% | $478K | $26K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8271 | −0.058% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8270 | −0.059% | $266K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythoslong | +0.0100% | 8h | 6.8310 | long leg | $3K | — | 10x | |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8240 | −0.102% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0129% | 1h | 6.8278 | −0.047% | $45K | $22K | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
Extended XCU-USD
Vest HG-PERP
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Kraken Futures PF_XCUUSD
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Aevo COPPER-PERP
Phoenix COPPER