Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.017%
Price spread now: SoDEX against Orderly−0.181%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 against this trade now: funding costs −$2 a day on $10k at the current rate, and SoDEX is 0.181% cheaper against Orderly 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 | Orderly PERP_COPPER_USDC_mythos | 6.8140 | 0.0100 | pay 0.0100% / 8h | 7h 31m | $3K | — | 10x |
| Short | SoDEX COPPER-USD | 6.8017 | 0.0050 | get 0.0006% / 1h | 31m 26s | $901 | $6K | 20x |
Orderly PERP_COPPER_USDC_mythos
SoDEX COPPER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$10.5
- Price spread: −0.181% → 0.000%
- −$18.05
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$42.55
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; SoDEX: 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 SoDEX no order-book sample | — | — | — | — | — |
Orderly and SoDEX: 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 | 6.8057 | −0.122% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8051 | −0.131% | $9.0M | $33.7M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8007 | −0.195% | $495K | $988K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7940 | −0.294% | $1.3M | $509K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8050 | −0.132% | $26.4M | $5.7M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8040 | −0.147% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8024 | −0.171% | $759K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8070 | −0.103% | $93K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8060 | −0.117% | — | $5.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8110 | −0.044% | $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 | 6.8050 | −0.132% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8011 | −0.189% | $177K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0012% | 4h | 6.8064 | −0.112% | $94K | $320K | 20x | as long as short |
| QFEX COPPER-USD | +0.0018% | 1h | 6.8050 | −0.132% | $1.5M | $140K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8012 | −0.188% | $273K | $1.9M | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0035% | 1h | 6.8005 | −0.198% | $10.7M | $4.3M | 20x | as long as short |
| BloFin COPPER-USDT | +0.0044% | 4h | 6.8070 | −0.103% | $89K | $149K | 100x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8004 | −0.200% | — | $82K | 25x | as long as short |
| SoDEX COPPER-USDshort | +0.0050% | 1h | 6.8017 | −0.181% | $901 | $6K | 20x | |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8023 | −0.172% | $1K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8006 | −0.197% | $57K | $53K | 15x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0076% | 1h | 6.8043 | −0.143% | $34K | $178K | 20x | as long as short |
| Lighter XCU | +0.0088% | 1h | 6.8141 | +0.001% | $477K | $27K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8051 | −0.131% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8040 | −0.147% | $265K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythoslong | +0.0100% | 8h | 6.8140 | long leg | $3K | — | 10x | |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8067 | −0.107% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0129% | 1h | 6.8070 | −0.103% | $45K | $22K | 20x | as long as short |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
Extended XCU-USD
tradeXYZ xyz:COPPER
BloFin COPPER-USDT
Vest HG-PERP
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Kraken Futures PF_XCUUSD
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Aevo COPPER-PERP
Phoenix COPPER