Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.098%
Price spread now: Binance against Pacifica−0.064%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
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.064% cheaper against Pacifica than usual: you would sell low and buy high (−$6 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 | Pacifica COPPER | 6.7900 | 0.0100 | pay 0.0013% / 1h | 35m 20s | $23K | $16K | 10x |
| Short | Binance COPPERUSDT | 6.7857 | 0 | get 0.0000% / 4h | 2h 35m | $8.9M | $34.9M | 100x |
Pacifica COPPER
Binance COPPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Pacifica. 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: −0.064% → 0.000%
- −$6.39
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$45.39
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Pacifica: 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 Pacifica no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 6 min ago | 0.74 bp | 7.5 bp −$8 | 19.9 bp −$199 | 96.1 bp −$9,609 | doesn't fit |
Pacifica: 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 27 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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX COPPER-USD | −0.0074% | 1h | 6.7847 | −0.079% | $898 | $3K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0041% | 1h | 6.7826 | −0.109% | $10.3M | $5.9M | 20x | as long as short |
| BloFin COPPER-USDT | −0.0010% | 4h | 6.7870 | −0.045% | $87K | $148K | 100x | as long as short |
| edgeX COPPERUSDC | −0.0007% | 4h | 6.7852 | −0.071% | $93K | $316K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7891 | −0.014% | $32K | $52K | 50x | as long as short |
| Binance COPPERUSDTshort | 0.0000% | 4h | 6.7857 | −0.064% | $8.9M | $34.9M | 100x | |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7836 | −0.095% | $469K | $1.2M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7770 | −0.192% | $1.3M | $522K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7850 | −0.074% | $25.6M | $4.1M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.7853 | −0.070% | $752K | $1.6M | — | as long as short |
SoDEX COPPER-USD
tradeXYZ xyz:COPPER
BloFin COPPER-USDT
edgeX COPPERUSDC
Aster XCUUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Variational Omni COPPERShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.7889 | −0.017% | $89K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7850 | −0.074% | — | $7.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.7880 | −0.030% | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7840 | −0.089% | $4.2M | $82K | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.7965 | +0.095% | $476K | $46K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.7906 | +0.009% | $234K | $2.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7905 | +0.007% | — | $82K | 25x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7772 | −0.189% | $64K | $26K | 15x | as long as short |
| Paradex XCU-USD-PERP | +0.0051% | 8h | 6.7868 | −0.047% | $1K | $3K | 5x | as long as short |
| QFEX COPPER-USD | +0.0053% | 1h | 6.7870 | −0.045% | $1.5M | $138K | 20x | as long as short |
| Bitget COPPERUSDT | +0.0082% | 4h | 6.7860 | −0.059% | $1.6M | $1.1M | 100x | as long as short |
| Pacifica COPPERlong | +0.0100% | 1h | 6.7900 | long leg | $23K | $16K | 10x | |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7920 | +0.029% | $257K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.7940 | +0.058% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7850 | −0.074% | $310 | — | 10x | as long as short |
| Phoenix COPPER | +0.0329% | 1h | 6.7913 | +0.019% | $45K | $30K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0952% | 1h | 6.7844 | −0.083% | $26K | $177K | 20x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
Lighter XCU
Extended XCU-USD
Vest HG-PERP
Ondo Perps COPPER-USD.P
Paradex XCU-USD-PERP
QFEX COPPER-USD
Bitget COPPERUSDT
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD