Funding you earn now, next payment 22:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.057%
Price spread now: Bitget against Pacifica−0.080%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 $0 a day on $10k at the current rate, and Bitget is 0.080% cheaper against Pacifica than usual: you would sell low and buy high (−$8 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 | 6.7904 | 0.0100 | pay 0.0013% / 1h | 38m 29s | $23K | $16K | 10x |
| Short | Bitget COPPERUSDT | 6.7850 | 0.0088 | get 0.0044% / 4h | 2h 38m | $1.6M | $1.1M | 100x |
Pacifica COPPER
Bitget COPPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$2.52
- Price spread: −0.080% → 0.000%
- −$7.96
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$30.48
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Pacifica: no order-book sample; Bitget: live order book, 3 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 Bitget live order book, 3 min ago | 0.74 bp | 11.7 bp −$12 | 39.0 bp −$390 | 97.0 bp −$9,702 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COPPER-USDT | −0.0019% | 4h | 6.7870 | −0.050% | $87K | $148K | 100x | as long as short |
| edgeX COPPERUSDC | −0.0011% | 4h | 6.7854 | −0.074% | $93K | $316K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7889 | −0.022% | $32K | $52K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7860 | −0.065% | $8.9M | $34.9M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7836 | −0.100% | $469K | $1.2M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7760 | −0.212% | $1.3M | $522K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7860 | −0.065% | $25.6M | $4.1M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.7855 | −0.072% | $752K | $1.6M | — | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7850 | −0.080% | — | $7.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.7890 | −0.021% | $60K | $28K | 75x | as long as short |
BloFin COPPER-USDT
edgeX COPPERUSDC
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Variational Omni COPPER
SunX COPPER-USDT
HTX COPPER-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7840 | −0.094% | $4.2M | $82K | 100x | as long as short |
| SoDEX COPPER-USD | +0.0007% | 1h | 6.7841 | −0.093% | $898 | $3K | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0015% | 1h | 6.7829 | −0.110% | $10.3M | $5.9M | 20x | as long as short |
| GRVT COPPER_USDT_Perp | +0.0018% | 4h | 6.7890 | −0.021% | $89K | $2.3M | 25x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.7968 | +0.094% | $476K | $46K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.7913 | +0.013% | $234K | $2.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7905 | +0.001% | — | $82K | 25x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7845 | −0.087% | $64K | $26K | 15x | as long as short |
| Paradex XCU-USD-PERP | +0.0051% | 8h | 6.7870 | −0.051% | $1K | $3K | 5x | as long as short |
| QFEX COPPER-USD | +0.0053% | 1h | 6.7870 | −0.050% | $1.5M | $138K | 20x | as long as short |
| Bitget COPPERUSDTshort | +0.0088% | 4h | 6.7850 | −0.080% | $1.6M | $1.1M | 100x | |
| Pacifica COPPERlong | +0.0100% | 1h | 6.7904 | long leg | $23K | $16K | 10x | |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7920 | +0.024% | $257K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.7940 | +0.053% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7849 | −0.081% | $310 | — | 10x | as long as short |
| Phoenix COPPER | +0.0329% | 1h | 6.7914 | +0.015% | $45K | $30K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0952% | 1h | 6.7854 | −0.073% | $26K | $177K | 20x | as long as short |
Phemex COPPERUSDT
SoDEX COPPER-USD
tradeXYZ xyz:COPPER
GRVT COPPER_USDT_Perp
Lighter XCU
Extended XCU-USD
Vest HG-PERP
Ondo Perps COPPER-USD.P
Paradex XCU-USD-PERP
QFEX COPPER-USD
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD