Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.031%
Price spread now: Aster against Phemex+0.191%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.197%−$20 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.191% dearer against Phemex than usual: you sell high and buy low, +$19 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex COPPERUSDT | 6.8190 | 0 | get 0.0000% / 4h | 3h 57m | $4.2M | $83K | 100x |
| Short | Aster XCUUSDT | 6.8320 | 0 | get 0.0000% / 4h | 3h 57m | $32K | $28K | 50x |
Phemex COPPERUSDT
Aster XCUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phemex. 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
- $0
- Price spread: +0.191% → 0.000%
- $19.06
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$0.94
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 6 min ago; Aster: 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 Phemex live order book, 6 min ago | 1.47 bp | 65.7 bp −$66 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster no order-book sample | — | — | — | — | — |
Aster: 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:COPPER | 0.0000% | 1h | 6.8273 | +0.122% | $10.6M | $5.0M | 20x | as long as short |
| Aster XCUUSDTshort | 0.0000% | 4h | 6.8320 | +0.191% | $32K | $28K | 50x | |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8329 | +0.204% | $9.0M | $33.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8261 | +0.104% | $503K | $986K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8160 | −0.044% | $1.3M | $503K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8310 | +0.176% | $26.6M | $5.1M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8320 | +0.191% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8246 | +0.082% | $765K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8270 | +0.117% | $89K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8310 | +0.176% | — | $6.0M | 20x | as long as short |
tradeXYZ xyz:COPPER
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 | 6.8320 | +0.191% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDTlong | 0.0000% | 4h | 6.8190 | long leg | $4.2M | $83K | 100x | |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8273 | +0.121% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0015% | 4h | 6.8257 | +0.098% | $95K | $320K | 20x | as long as short |
| QFEX COPPER-USD | +0.0018% | 1h | 6.8300 | +0.161% | $1.5M | $140K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8288 | +0.144% | $275K | $2.0M | 20x | as long as short |
| BloFin COPPER-USDT | +0.0032% | 4h | 6.8330 | +0.205% | $88K | $145K | 100x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8274 | +0.123% | — | $82K | 25x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8265 | +0.110% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8286 | +0.141% | $2K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8213 | +0.034% | $57K | $55K | 15x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0076% | 1h | 6.8290 | +0.147% | $34K | $178K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8292 | +0.150% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8280 | +0.132% | $278K | $36K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8370 | +0.264% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8302 | +0.164% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0106% | 1h | 6.8242 | +0.076% | $45K | $22K | 20x | as long as short |
| Lighter XCU | +0.0112% | 1h | 6.8404 | +0.314% | $479K | $26K | 20x | as long as short |
HTX COPPER-USDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
Extended XCU-USD
BloFin COPPER-USDT
Vest HG-PERP
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Lighter XCU