Funding you earn now, next payment 21:00 UTC−0.0329%/8h= −36.1% APRpaid last 24h −0.068%
Price spread now: Aster against Phoenix−0.028%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Aster is 0.028% cheaper against Phoenix than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix COPPER | 6.7913 | 0.0329 | pay 0.0041% / 1h | 34m 58s | $45K | $30K | 20x |
| Short | Aster XCUUSDT | 6.7894 | 0 | get 0.0000% / 4h | 2h 34m | $32K | $52K | 50x |
Phoenix COPPER
Aster XCUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phoenix. 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
- −$69.19
- Price spread: −0.028% → 0.000%
- −$2.75
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$86.95
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Aster: 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Aster no order-book sample | — | — | — | — | — |
Phoenix and Aster: 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 | −0.0074% | 1h | 6.7847 | −0.097% | $898 | $3K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0045% | 1h | 6.7826 | −0.128% | $10.3M | $5.9M | 20x | as long as short |
| edgeX COPPERUSDC | −0.0007% | 4h | 6.7852 | −0.090% | $93K | $316K | 20x | as long as short |
| Aster XCUUSDTshort | 0.0000% | 4h | 6.7894 | −0.028% | $32K | $52K | 50x | |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7856 | −0.084% | $8.9M | $34.9M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7836 | −0.113% | $469K | $1.2M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7770 | −0.211% | $1.3M | $522K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7850 | −0.093% | $25.6M | $4.1M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.7853 | −0.089% | $752K | $1.6M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.7889 | −0.036% | $89K | $2.3M | 25x | as long as short |
SoDEX COPPER-USD
tradeXYZ xyz:COPPER
edgeX COPPERUSDC
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
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 | 6.7850 | −0.093% | — | $7.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.7880 | −0.049% | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7840 | −0.107% | $4.2M | $82K | 100x | as long as short |
| BloFin COPPER-USDT | +0.0016% | 4h | 6.7840 | −0.107% | $87K | $148K | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.7965 | +0.077% | $476K | $46K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.7906 | −0.011% | $234K | $2.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7905 | −0.012% | — | $82K | 25x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7772 | −0.208% | $64K | $26K | 15x | as long as short |
| Paradex XCU-USD-PERP | +0.0051% | 8h | 6.7868 | −0.066% | $1K | $3K | 5x | as long as short |
| QFEX COPPER-USD | +0.0053% | 1h | 6.7870 | −0.063% | $1.5M | $138K | 20x | as long as short |
| Bitget COPPERUSDT | +0.0082% | 4h | 6.7860 | −0.078% | $1.6M | $1.1M | 100x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7900 | −0.019% | $23K | $16K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7920 | +0.010% | $257K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.7940 | +0.040% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7850 | −0.093% | $310 | — | 10x | as long as short |
| Phoenix COPPERlong | +0.0329% | 1h | 6.7913 | long leg | $45K | $30K | 20x | |
| Kraken Futures PF_XCUUSD | +0.0952% | 1h | 6.7844 | −0.102% | $26K | $177K | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
BloFin COPPER-USDT
Lighter XCU
Extended XCU-USD
Vest HG-PERP
Ondo Perps COPPER-USD.P
Paradex XCU-USD-PERP
QFEX COPPER-USD
Bitget COPPERUSDT
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD