Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: Gate against Pacifica−0.123%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 Gate is 0.123% cheaper against Pacifica than usual: you would sell low and buy high (−$12 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 | 6.7933 | 0.0100 | pay 0.0013% / 1h | 50m 30s | $23K | $16K | 10x |
| Short | Gate XCU_USDT | 6.7850 | 0 | get 0.0000% / 8h | 2h 50m | $1.3M | $522K | 100x |
Pacifica COPPER
Gate XCU_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.123% → 0.000%
- −$12.28
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$56.28
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Pacifica: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago | 3.68 bp | 63.3 bp −$63 | 343.6 bp −$3,436 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX COPPERUSDC | −0.0010% | 4h | 6.7954 | +0.031% | $93K | $317K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7937 | +0.005% | $32K | $52K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7940 | +0.010% | $8.9M | $34.9M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7888 | −0.067% | $469K | $1.2M | 50x | as long as short |
| Gate XCU_USDTshort | 0.0000% | 8h | 6.7850 | −0.123% | $1.3M | $522K | 100x | |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7940 | +0.010% | $25.6M | $4.1M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.7945 | +0.018% | $752K | $1.6M | — | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7940 | +0.010% | — | $7.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.7980 | +0.069% | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7910 | −0.035% | $4.2M | $81K | 100x | as long as short |
edgeX COPPERUSDC
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
MEXC COPPER_USDT
Variational Omni COPPER
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.7889 | −0.065% | $176K | — | 25x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.7922 | −0.018% | $234K | $2.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7905 | −0.042% | — | $82K | 25x | as long as short |
| Lighter XCU | +0.0048% | 1h | 6.8069 | +0.200% | $477K | $46K | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.7917 | −0.024% | $10.4M | $5.9M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7923 | −0.015% | $899 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7878 | −0.082% | $64K | $26K | 15x | as long as short |
| Paradex XCU-USD-PERP | +0.0052% | 8h | 6.7944 | +0.016% | $1K | $3K | 5x | as long as short |
| QFEX COPPER-USD | +0.0053% | 1h | 6.7940 | +0.010% | $1.5M | $138K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0059% | 4h | 6.7930 | −0.005% | $87K | $147K | 100x | as long as short |
| Pacifica COPPERlong | +0.0100% | 1h | 6.7933 | long leg | $23K | $16K | 10x | |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7930 | −0.005% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8020 | +0.127% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7949 | +0.023% | $311 | — | 10x | as long as short |
| Bitget COPPERUSDT | +0.0126% | 4h | 6.7950 | +0.024% | $1.7M | $1.1M | 100x | as long as short |
| GRVT COPPER_USDT_Perp | +0.0242% | 4h | 6.7960 | +0.039% | $94K | $2.2M | 25x | as long as short |
| Phoenix COPPER | +0.0329% | 1h | 6.7951 | +0.026% | $45K | $30K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0951% | 1h | 6.7934 | +0.001% | $26K | $177K | 20x | as long as short |
gTrade (Gains Network) HG/USD
Extended XCU-USD
Vest HG-PERP
Lighter XCU
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Paradex XCU-USD-PERP
QFEX COPPER-USD
BloFin COPPER-USDT
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Bitget COPPERUSDT
GRVT COPPER_USDT_Perp
Phoenix COPPER
Kraken Futures PF_XCUUSD