Funding you earn now, next payment 08:00 UTC−0.0049%/8h= −5.4% APRnext payment −$0.25 per $10,000 · paid last 24h −0.033%
Price spread now: BloFin against Phemex+0.176%7-day average +0.036% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.240%−$24 on $10k
+Price spread, last 4 days (all we have)−0.077%−$8 · spread now +0.176%, 7d avg +0.036%
=The price spread pays, funding is against you. BloFin is 0.140% dearer against Phemex than usual: you sell high and buy low (spread +0.176% now, against its 7-day average of +0.036%): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.5 days. At the pace of the last 7 days (−0.240% in total) that is about 4.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex COPPERUSDT | 6.8150 | 0 | get 0.0000% / 4h | 20m 43s | $4.2M | $83K | 100x |
| Short | BloFin COPPER-USDT | 6.8270 | −0.0049 | pay 0.0025% / 4h | 20m 43s | $88K | $148K | 100x |
Phemex COPPERUSDT
BloFin COPPER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$10.33
- Price spread: +0.176% → +0.036%
- $14.01
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$20.33
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 3 min ago; BloFin: live order book, 46 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 Phemex live order book, 3 min ago | 0.73 bp | 64.9 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 46 min ago | 1.47 bp | 7.5 bp −$7 | 10.0 bp −$100 | 44.0 bp −$4,404 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COPPER-USDTshort | −0.0049% | 4h | 6.8270 | +0.176% | $88K | $148K | 100x | |
| Aster XCUUSDT | 0.0000% | 4h | 6.8246 | +0.140% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8240 | +0.132% | $9.0M | $33.7M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8178 | +0.041% | $494K | $984K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8100 | −0.073% | $1.3M | $528K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8240 | +0.132% | $26.6M | $5.2M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8230 | +0.117% | $2.9M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8243 | +0.137% | $770K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8290 | +0.205% | $94K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8250 | +0.147% | — | $6.1M | 20x | 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-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8270 | +0.176% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDTlong | 0.0000% | 4h | 6.8150 | long leg | $4.2M | $83K | 100x | |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8219 | +0.101% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0014% | 4h | 6.8265 | +0.168% | $95K | $319K | 20x | as long as short |
| QFEX COPPER-USD | +0.0017% | 1h | 6.8240 | +0.132% | $1.5M | $134K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8224 | +0.109% | — | $82K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8193 | +0.063% | $10.6M | $5.0M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8205 | +0.081% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8216 | +0.097% | $2K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8294 | +0.211% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8213 | +0.093% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8230 | +0.117% | $278K | $37K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8310 | +0.235% | $3K | — | 10x | as long as short |
| Extended XCU-USD | +0.0104% | 1h | 6.8212 | +0.091% | $283K | $2.0M | 20x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8239 | +0.130% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0106% | 1h | 6.8242 | +0.135% | $45K | $22K | 20x | as long as short |
| Lighter XCU | +0.0176% | 1h | 6.8340 | +0.279% | $478K | $27K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0358% | 1h | 6.8205 | +0.081% | $34K | $178K | 20x | as long as short |
HTX COPPER-USDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
Vest HG-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Extended XCU-USD
Aevo COPPER-PERP
Phoenix COPPER
Lighter XCU
Kraken Futures PF_XCUUSD