Funding you earn now, next payment 07:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h +0.014%
Price spread now: Extended against Pacifica+0.035%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropPacifica: Active · Extended: Active · farm boardneeds both histories
The price spread pays, funding is against you. Extended is 0.035% dearer against Pacifica than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 42 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica COPPER | 6.8032 | 0.0100 | pay 0.0013% / 1h | 37m 21s | $23K | $14K | 10x |
| Short | Extended XCU-USD | 6.8056 | 0.0032 | get 0.0004% / 1h | 37m 21s | $275K | $2.3M | 20x |
Pacifica COPPER
Extended XCU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$14.28
- Price spread: +0.035% → 0.000%
- $3.54
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$23.74
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Pacifica: no order-book sample; Extended: live order book, 1 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 Extended live order book, 1 min ago | 0.95 bp | 5.5 bp −$5 | 58.1 bp −$581 | doesn't fit | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COPPER-USDT | −0.0004% | 4h | 6.8100 | +0.101% | $88K | $138K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8095 | +0.093% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8080 | +0.071% | $9.1M | $33.7M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8014 | −0.026% | $495K | $970K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7930 | −0.149% | $1.3M | $522K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8070 | +0.057% | $26.3M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8060 | +0.042% | $2.9M | $2.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8133 | +0.149% | $735K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8150 | +0.174% | $90K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8070 | +0.057% | — | $6.4M | 20x | as long as short |
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_Perp
SunX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8190 | +0.233% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8050 | +0.027% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8018 | −0.021% | $177K | — | 250x | as long as short |
| tradeXYZ xyz:COPPER | +0.0002% | 1h | 6.8010 | −0.032% | $10.6M | $5.0M | 20x | as long as short |
| QFEX COPPER-USD | +0.0003% | 1h | 6.8070 | +0.057% | $1.5M | $130K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0018% | 4h | 6.8111 | +0.116% | $94K | $318K | 20x | as long as short |
| Extended XCU-USDshort | +0.0032% | 1h | 6.8056 | +0.035% | $275K | $2.3M | 20x | |
| Vest HG-PERP | +0.0046% | 1h | 6.8035 | +0.005% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8048 | +0.024% | $45K | $22K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8036 | +0.006% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8036 | +0.007% | $4K | $5K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8086 | +0.080% | $57K | $55K | 15x | as long as short |
| Lighter XCU | +0.0056% | 1h | 6.8149 | +0.173% | $476K | $42K | 20x | as long as short |
| Pacifica COPPERlong | +0.0100% | 1h | 6.8032 | long leg | $23K | $14K | 10x | |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8070 | +0.057% | $277K | $37K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8150 | +0.174% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8075 | +0.065% | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0108% | 1h | 6.8048 | +0.024% | $34K | $176K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
tradeXYZ xyz:COPPER
QFEX COPPER-USD
edgeX COPPERUSDC
Vest HG-PERP
Phoenix COPPER
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Lighter XCU
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD