Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.003%
Price spread now: Ondo Perps against Phemex+0.147%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.053%+$5 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.147% dearer against Phemex than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex COPPERUSDT | 6.7920 | 0 | get 0.0000% / 4h | 3h 32m | $4.2M | $78K | 100x |
| Short | Ondo Perps COPPER-USD.P | 6.8020 | 0.0050 | get 0.0006% / 1h | 32m 27s | $57K | $55K | 15x |
Phemex COPPERUSDT
Ondo Perps COPPER-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- $10.58
- Price spread: +0.147% → 0.000%
- $14.72
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- $8.31
- Costs to cover
- 0.170%
- Break-even
- 1.5 days
Slippage unknown: Phemex: live order book, 6 min ago; Ondo Perps: no order-book sample. 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, 6 min ago | 0.74 bp | 70.8 bp −$71 | doesn't fit | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCUUSD | −0.0448% | 1h | 6.7935 | +0.022% | $28K | $174K | 20x | as long as short |
| BloFin COPPER-USDT | −0.0030% | 4h | 6.8060 | +0.206% | $87K | $150K | 100x | as long as short |
| edgeX COPPERUSDC | −0.0019% | 4h | 6.8054 | +0.198% | $94K | $319K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8058 | +0.203% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8054 | +0.198% | $9.1M | $33.7M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8035 | +0.169% | $470K | $982K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7920 | 0.000% | $1.3M | $492K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8050 | +0.191% | $26.8M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8070 | +0.221% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8044 | +0.183% | $741K | $1.6M | — | as long as short |
Kraken Futures PF_XCUUSD
BloFin COPPER-USDT
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_Perp | 0.0000% | 4h | 6.8062 | +0.209% | $87K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8040 | +0.177% | — | $7.3M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8080 | +0.236% | $60K | $26K | 75x | as long as short |
| Phemex COPPERUSDTlong | 0.0000% | 4h | 6.7920 | long leg | $4.2M | $78K | 100x | |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8024 | +0.153% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0004% | 1h | 6.8040 | +0.177% | $1.5M | $137K | 20x | as long as short |
| Lighter XCU | +0.0040% | 1h | 6.8158 | +0.350% | $477K | $45K | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0043% | 1h | 6.7998 | +0.115% | $10.4M | $5.0M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8027 | +0.158% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8063 | +0.211% | $1K | $3K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8030 | +0.162% | $901 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.Pshort | +0.0050% | 1h | 6.8020 | +0.147% | $57K | $55K | 15x | |
| Pacifica COPPER | +0.0100% | 1h | 6.8046 | +0.185% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8050 | +0.191% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8110 | +0.280% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8034 | +0.168% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0118% | 1h | 6.8053 | +0.196% | $45K | $30K | 20x | as long as short |
| Extended XCU-USD | +0.0376% | 1h | 6.8037 | +0.172% | $228K | $3.0M | 20x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
Lighter XCU
tradeXYZ xyz:COPPER
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Extended XCU-USD