Funding you earn now, next payment 08:00 UTC+0.0013%/8h= +1.4% APRnext payment +$0.06 per $10,000 · paid last 24h −0.043%
Price spread now: edgeX against Phemex+0.062%78s7-day average +0.017% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.256%−$26 on $10k
+Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.062%, 7d avg +0.017%
=Together, before fees−0.238%+ Points / potential airdropedgeX: Active · farm board−$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and edgeX is 0.045% dearer against Phemex than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.017%. Mind the row above: over the last 7 days funding on this pair cost −0.256%, so the current rate has only just turned in your favour. The two prices were read 78 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 | Phemex COPPERUSDT | 6.8110 | 0 | get 0.0000% / 4h | 1h 05m | $4.2M | $83K | 100x |
| Short | edgeX COPPERUSDC | 6.8152 | 0.0013 | get 0.0006% / 4h | 1h 05m | $95K | $318K | 20x |
Phemex COPPERUSDT
edgeX COPPERUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $2.7
- Price spread: +0.062% → +0.017%
- $4.5
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$13.8
- Costs to cover
- 0.210%
- Break-even
- 42.8 days
Slippage unknown: Phemex: live order book, 3 min ago; edgeX: live order book, 37 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 | 48.9 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 37 min ago | 7.34 bp | 13.0 bp −$13 | 24.6 bp −$246 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XCUUSDT | 0.0000% | 4h | 6.8110 | −0.001% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8120 | +0.015% | $9.0M | $34.0M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8093 | −0.025% | $487K | $990K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7960 | −0.220% | $1.3M | $526K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8120 | +0.015% | $26.2M | $5.0M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8120 | +0.015% | $2.9M | $2.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8132 | +0.033% | $748K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8180 | +0.103% | $93K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8120 | +0.015% | — | $6.4M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8190 | +0.117% | $61K | $24K | 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 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex COPPERUSDTlong | 0.0000% | 4h | 6.8110 | long leg | $4.2M | $83K | 100x | |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8061 | −0.072% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0003% | 1h | 6.8110 | 0.000% | $1.5M | $128K | 20x | as long as short |
| edgeX COPPERUSDCshort | +0.0013% | 4h | 6.8152 | +0.062% | $95K | $318K | 20x | |
| Vest HG-PERP | +0.0046% | 1h | 6.8075 | −0.051% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8111 | +0.001% | $45K | $22K | 20x | as long as short |
| Extended XCU-USD | +0.0048% | 1h | 6.8073 | −0.055% | $275K | $2.3M | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8081 | −0.043% | $10.6M | $5.0M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8082 | −0.041% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8093 | −0.025% | $1K | $2K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8170 | +0.088% | $57K | $55K | 15x | as long as short |
| BloFin COPPER-USDT | +0.0055% | 4h | 6.8130 | +0.029% | $88K | $143K | 100x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8077 | −0.049% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8100 | −0.015% | $278K | $37K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8190 | +0.117% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8112 | +0.003% | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0108% | 1h | 6.8095 | −0.023% | $34K | $176K | 20x | as long as short |
| Lighter XCU | +0.0128% | 1h | 6.8229 | +0.175% | $477K | $42K | 20x | as long as short |
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
Vest HG-PERP
Phoenix COPPER
Extended XCU-USD
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
BloFin COPPER-USDT
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD
Lighter XCU