Funding you earn now, next payment 22:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%
Price spread now: Vest against Phemex+0.052%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Vest is 0.052% dearer against Phemex than usual: you sell high and buy low: +$5 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 | 6.7870 | 0 | get 0.0000% / 4h | 2h 00m | $4.2M | $82K | 100x |
| Short | Vest HG-PERP | 6.7905 | 0.0046 | get 0.0006% / 1h | 0m 41s | — | $82K | 25x |
Phemex COPPERUSDT
Vest HG-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- $9.59
- Price spread: +0.052% → 0.000%
- $5.16
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- $0.75
- Costs to cover
- 0.140%
- Break-even
- 6.5 days
Slippage unknown: Phemex: live order book, 3 min ago; Vest: 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, 3 min ago | 2.21 bp | 43.9 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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 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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX COPPER-USD | −0.0136% | 1h | 6.7826 | −0.065% | $898 | $3K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0078% | 1h | 6.7824 | −0.068% | $10.4M | $6.0M | 20x | as long as short |
| BloFin COPPER-USDT | −0.0043% | 4h | 6.7870 | 0.000% | $87K | $150K | 100x | as long as short |
| edgeX COPPERUSDC | −0.0006% | 4h | 6.7863 | −0.011% | $93K | $318K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7896 | +0.039% | $32K | $52K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7870 | 0.000% | $8.9M | $35.0M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7785 | −0.125% | $465K | $1.2M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7810 | −0.088% | $1.3M | $522K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7870 | 0.000% | $27.0M | $5.1M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.7872 | +0.003% | $752K | $1.6M | — | as long as short |
SoDEX COPPER-USD
tradeXYZ xyz:COPPER
BloFin COPPER-USDT
edgeX COPPERUSDC
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Variational Omni COPPERShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.7881 | +0.016% | $91K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7860 | −0.015% | — | $7.8M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.7870 | 0.000% | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDTlong | 0.0000% | 4h | 6.7870 | long leg | $4.2M | $82K | 100x | |
| Bitget COPPERUSDT | +0.0008% | 4h | 6.7870 | 0.000% | $1.6M | $1.1M | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8002 | +0.194% | $476K | $47K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.7882 | +0.017% | $234K | $2.9M | 20x | as long as short |
| Vest HG-PERPshort | +0.0046% | 1h | 6.7905 | +0.052% | — | $82K | 25x | |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7875 | +0.007% | $1K | $3K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7834 | −0.053% | $56K | $33K | 15x | as long as short |
| QFEX COPPER-USD | +0.0053% | 1h | 6.7870 | 0.000% | $1.5M | $135K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7885 | +0.022% | $23K | $16K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7860 | −0.015% | $257K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.7930 | +0.088% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7859 | −0.016% | $310 | — | 10x | as long as short |
| Phoenix COPPER | +0.0329% | 1h | 6.7908 | +0.056% | $45K | $30K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0953% | 1h | 6.7812 | −0.085% | $26K | $177K | 20x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Bitget COPPERUSDT
Lighter XCU
Extended XCU-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
QFEX COPPER-USD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD