Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.012%
Price spread now: GRVT against Phemex+0.103%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1301.303% of the position
Funding, last 7 days−0.106%−$11 on $10k
+Price spread, last 3 days (all we have)+0.008%+$1 · spread now +0.103%, 7d avg +0.035%
=Together, before fees−0.098%+ Points / potential airdropGRVT: Active · farm board−$10 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.068% dearer against Phemex than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.035%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex COPPERUSDT | 6.7920 | 0 | get 0.0000% / 4h | 1h 27m | $4.2M | $81K | 100x |
| Short | GRVT COPPER_USDT_Perp | 6.7990 | 0 | get 0.0000% / 4h | 1h 27m | $90K | $2.2M | 25x |
Phemex COPPERUSDT
GRVT COPPER_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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: +0.103% → +0.035%
- $6.77
- Slippage, 4 orders
- −$109.35
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$123.58
- Costs to cover
- 1.303%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 6 min ago; GRVT: 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, 6 min ago | 0.74 bp | 53.9 bp −$54 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 1 min ago | 0.74 bp | 9.3 bp −$9 | 32.2 bp −$322 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX COPPER-USD | −0.0015% | 1h | 6.7960 | +0.059% | $1.5M | $135K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0010% | 1h | 6.7914 | −0.009% | $10.4M | $5.4M | 20x | as long as short |
| edgeX COPPERUSDC | −0.0005% | 4h | 6.7972 | +0.076% | $93K | $319K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7961 | +0.061% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7978 | +0.086% | $9.0M | $34.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7946 | +0.038% | $467K | $1.2M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7830 | −0.133% | $1.3M | $499K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7970 | +0.074% | $27.0M | $5.1M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.7980 | +0.088% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.7967 | +0.068% | $739K | $1.6M | — | as long as short |
QFEX COPPER-USD
tradeXYZ xyz:COPPER
edgeX COPPERUSDC
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPERShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COPPER_USDT_Perpshort | 0.0000% | 4h | 6.7990 | +0.103% | $90K | $2.2M | 25x | |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7980 | +0.088% | — | $7.7M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8010 | +0.133% | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDTlong | 0.0000% | 4h | 6.7920 | long leg | $4.2M | $81K | 100x | |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.7952 | +0.047% | $176K | — | 250x | as long as short |
| BloFin COPPER-USDT | +0.0018% | 4h | 6.7940 | +0.029% | $87K | $149K | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8057 | +0.202% | $476K | $45K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.7947 | +0.039% | $231K | $2.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7935 | +0.022% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7969 | +0.072% | $1K | $3K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7948 | +0.041% | $900 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7988 | +0.100% | $56K | $55K | 15x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0060% | 1h | 6.7965 | +0.066% | $26K | $176K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7949 | +0.042% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7960 | +0.059% | $258K | $26K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8030 | +0.162% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7966 | +0.067% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0329% | 1h | 6.7955 | +0.052% | $45K | $30K | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
gTrade (Gains Network) HG/USD
BloFin COPPER-USDT
Lighter XCU
Extended XCU-USD
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER