Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.052%
Price spread now: Variational Omni against Paradex−0.083%53s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropParadex: Active · Variational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.083% cheaper against Paradex 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. The two prices were read 53 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 | 6.7909 | 0.0050 | pay 0.0050% / 8h | 2h 20m | $1K | $3K | 5x |
| Short | Variational Omni COPPER | 6.7853 | 0 | get 0.0000% / 4h | 2h 20m | $752K | $1.6M | — |
Paradex XCU-USD-PERP
Variational Omni COPPERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$10.59
- Price spread: −0.083% → 0.000%
- −$8.33
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$22.92
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Variational Omni: RFQ quote, 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 3 min ago | 2.98 bp | doesn't fit | 23.2 bp −$232 | doesn't fit | doesn't fit |
Paradex: 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 | −0.0118% | 1h | 6.7869 | −0.059% | $899 | $3K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0083% | 1h | 6.7871 | −0.056% | $10.3M | $5.9M | 20x | as long as short |
| BloFin COPPER-USDT | −0.0028% | 4h | 6.7920 | +0.016% | $87K | $149K | 100x | as long as short |
| edgeX COPPERUSDC | −0.0010% | 4h | 6.7867 | −0.062% | $93K | $317K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7904 | −0.007% | $32K | $52K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7910 | +0.001% | $8.9M | $34.9M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7823 | −0.127% | $469K | $1.2M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7790 | −0.176% | $1.3M | $522K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7900 | −0.014% | $25.6M | $4.1M | 100x | as long as short |
| Variational Omni COPPERshort | 0.0000% | 4h | 6.7853 | −0.083% | $752K | $1.6M | — |
SoDEX COPPER-USD
tradeXYZ xyz:COPPER
BloFin COPPER-USDT
edgeX COPPERUSDC
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.7879 | −0.044% | $91K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7900 | −0.014% | — | $7.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.7890 | −0.028% | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7910 | +0.001% | $4.2M | $82K | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8023 | +0.168% | $476K | $47K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.7891 | −0.027% | $234K | $2.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7905 | −0.006% | — | $82K | 25x | as long as short |
| Bitget COPPERUSDT | +0.0046% | 4h | 6.7880 | −0.043% | $1.6M | $1.1M | 100x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7927 | +0.026% | $64K | $26K | 15x | as long as short |
| Paradex XCU-USD-PERPlong | +0.0050% | 8h | 6.7909 | long leg | $1K | $3K | 5x | |
| QFEX COPPER-USD | +0.0053% | 1h | 6.7900 | −0.014% | $1.5M | $138K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7906 | −0.004% | $23K | $16K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7760 | −0.220% | $259K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.7940 | +0.045% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7902 | −0.011% | $310 | — | 10x | as long as short |
| Phoenix COPPER | +0.0329% | 1h | 6.7910 | +0.001% | $45K | $30K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0952% | 1h | 6.7844 | −0.096% | $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
Bitget COPPERUSDT
Ondo Perps COPPER-USD.P
QFEX COPPER-USD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD