Funding you earn now, next payment 11:00 UTC+0.0090%/8h= +9.8% APRpaid last 24h +0.010%
Price spread now: Phoenix against Paradex+0.047%106s7-day average — · you sell dearer than you buy
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
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phoenix is 0.047% dearer against Paradex than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex XCU-USD-PERP | 6.8455 | 0.0050 | pay 0.0050% / 8h | 4h 09m | $2K | $825 | 5x |
| Short | Phoenix COPPER | 6.8487 | 0.0140 | get 0.0017% / 1h | 9m 32s | $44K | $11K | 20x |
Paradex XCU-USD-PERP
Phoenix COPPERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Paradex. 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
- $18.89
- Price spread: +0.047% → 0.000%
- $4.7
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $12.58
- Costs to cover
- 0.110%
- Break-even
- 2.3 days
Slippage unknown: Paradex: no order-book sample; Phoenix: 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Paradex and Phoenix: 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 exchanges
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 | 6.8490 | +0.051% | $28K | $41K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8480 | +0.037% | $9.2M | $32.9M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8389 | −0.096% | $534K | $824K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8270 | −0.270% | $1.3M | $174K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8480 | +0.037% | $25.6M | $5.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8470 | +0.022% | $3.9M | $2.2M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8456 | +0.002% | $780K | $560K | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8498 | +0.063% | $91K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8480 | +0.037% | — | $4.4M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8530 | +0.110% | $61K | $70K | 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 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8390 | −0.095% | $4.2M | $84K | 100x | as long as short |
| QFEX COPPER-USD | +0.0001% | 1h | 6.8470 | +0.022% | $1.5M | $151K | 20x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8433 | −0.032% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0011% | 4h | 6.8487 | +0.047% | $95K | $319K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0023% | 4h | 6.8480 | +0.037% | $90K | $158K | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8564 | +0.159% | $480K | $27K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8453 | −0.002% | $268K | $1.7M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8454 | −0.001% | — | $36K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8458 | +0.005% | $10.9M | $3.6M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8438 | −0.025% | $906 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERPlong | +0.0050% | 8h | 6.8455 | long leg | $2K | $825 | 5x | |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8403 | −0.076% | $59K | $54K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8456 | +0.002% | $25K | $13K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8470 | +0.022% | $251K | $43K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8530 | +0.110% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8451 | −0.006% | $313 | — | 10x | as long as short |
| Phoenix COPPERshort | +0.0140% | 1h | 6.8487 | +0.047% | $44K | $11K | 20x | |
| Kraken Futures PF_XCUUSD | +0.0181% | 1h | 6.8456 | +0.001% | $34K | $180K | 20x | as long as short |
Phemex COPPERUSDT
QFEX COPPER-USD
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
BloFin COPPER-USDT
Lighter XCU
Extended XCU-USD
Vest HG-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD