COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.022%

Price spread now: Bitget against Phemex+0.059%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1321.319% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.208%−$21 on $10k

Price spread, last 4 days (all we have)+0.105%+$11 · spread now +0.059%, 7d avg +0.039%

Together, before fees−0.102%−$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex COPPERUSDT	6.8170	0	get 0.0000% / 4h	3h 56m	$4.2M	$77K	100x
Short	Bitget COPPERUSDT	6.8210	0	get 0.0000% / 4h	3h 56m	$2.5M	$1.7M	100x

Funding history

latest

Range statsloading…

Bitget against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee PhemexbpFee BitgetbpOrdersPrice spread, now +0.059%Rate

Slippage from Phemex: live order book, 2 min ago; Bitget: live order book, 6 min ago.

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, 2 min ago	0.73 bp	55.4 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 6 min ago	0.73 bp	11.6 bp −$12	31.2 bp −$312	94.3 bp −$9,428	doesn't fit

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
Kraken Futures PF_XCUUSD	−0.0404%	1h	6.8192	+0.033%	$34K	$176K	20x	as long as short
tradeXYZ xyz:COPPER	−0.0130%	1h	6.8186	+0.023%	$10.5M	$4.8M	20x	as long as short
QFEX COPPER-USD	−0.0003%	1h	6.8220	+0.073%	$1.5M	$129K	20x	as long as short
BloFin COPPER-USDT	0.0000%	4h	6.8220	+0.073%	$88K	$143K	100x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8244	+0.109%	$32K	$27K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8220	+0.073%	$9.0M	$32.9M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8204	+0.050%	$480K	$959K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8020	−0.220%	$1.3M	$495K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8230	+0.088%	$26.0M	$4.2M	100x	as long as short
Bitget COPPERUSDTshort	0.0000%	4h	6.8210	+0.059%	$2.5M	$1.7M	100x

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni COPPER	0.0000%	4h	6.8213	+0.063%	$743K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8244	+0.108%	$96K	$2.1M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8220	+0.073%	—	$6.6M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8250	+0.117%	$61K	$24K	75x	as long as short
Phemex COPPERUSDTlong	0.0000%	4h	6.8170	long leg	$4.2M	$77K	100x
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8232	+0.091%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0016%	4h	6.8230	+0.088%	$95K	$317K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8317	+0.216%	$477K	$40K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8240	+0.102%	$266K	$2.7M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8235	+0.095%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8211	+0.060%	$2K	$2K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8207	+0.054%	$903	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8183	+0.019%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8232	+0.091%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8180	+0.015%	$290K	$32K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8280	+0.161%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8209	+0.057%	$312	—	10x	as long as short
Phoenix COPPER	+0.0164%	1h	6.8255	+0.125%	$45K	$23K	20x	as long as short