Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against Phemex−0.088%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$189as in the Funding arb table
Net, price: spread back to 7d avg − costs−$196as in the Price arb table
costs, in and out, $10k−$1921.923% of the position
Funding, last 7 days+0.036%+$4 on $10k
+Price spread, last 3 days (all we have)+0.131%+$13 · spread now −0.088%, 7d avg −0.047%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.041% cheaper against Phemex than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.047%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex COPPERUSDT | 6.7910 | 0 | get 0.0000% / 4h | 2h 25m | $4.2M | $74K | 100x |
| Short | Gate XCU_USDT | 6.7850 | 0 | get 0.0000% / 8h | 6h 25m | $1.3M | $478K | 100x |
Phemex COPPERUSDT
Gate XCU_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.088% → −0.047%
- −$4.09
- Slippage, 4 orders
- −$165.27
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$196.37
- Costs to cover
- 1.923%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; Gate: live order book, 1 min ago.
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 | 2.21 bp | 64.3 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 2.21 bp | 27.1 bp −$27 | 220.3 bp −$2,203 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCUUSD | −0.1015% | 1h | 6.7926 | +0.024% | $32K | $176K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0135% | 1h | 6.7923 | +0.019% | $10.4M | $4.8M | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7981 | +0.104% | $32K | $35K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7977 | +0.099% | $9.0M | $32.1M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7964 | +0.080% | $472K | $927K | 50x | as long as short |
| Gate XCU_USDTshort | 0.0000% | 8h | 6.7850 | −0.088% | $1.3M | $478K | 100x | |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7960 | +0.074% | $26.0M | $5.0M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.7990 | +0.118% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.7964 | +0.079% | $741K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8010 | +0.147% | $88K | $2.1M | 25x | as long as short |
Kraken Futures PF_XCUUSD
tradeXYZ xyz:COPPER
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX COPPER-USDT | 0.0000% | 4h | 6.7970 | +0.088% | — | $6.8M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.7990 | +0.118% | $61K | $26K | 75x | as long as short |
| Phemex COPPERUSDTlong | 0.0000% | 4h | 6.7910 | long leg | $4.2M | $74K | 100x | |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.7958 | +0.071% | $176K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0006% | 1h | 6.7950 | +0.059% | $1.5M | $129K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0008% | 4h | 6.7972 | +0.091% | $94K | $316K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8073 | +0.240% | $476K | $39K | 20x | as long as short |
| Phoenix COPPER | +0.0035% | 1h | 6.7965 | +0.081% | $45K | $30K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7947 | +0.054% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7975 | +0.095% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7956 | +0.068% | $900 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7917 | +0.010% | $56K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7963 | +0.079% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7990 | +0.118% | $258K | $23K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8050 | +0.206% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7960 | +0.074% | $311 | — | 10x | as long as short |
| Extended XCU-USD | +0.0384% | 1h | 6.7969 | +0.088% | $231K | $2.9M | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
edgeX COPPERUSDC
Lighter XCU
Phoenix COPPER
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Extended XCU-USD