COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0165%/8h= +18.0% APRnext payment +$0.21 per $10,000 · paid last 24h −0.001%

Price spread now: Extended against Phoenix−0.021%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.021% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 10 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix COPPER	6.8010	0.0035	pay 0.0004% / 1h	51m 24s	$45K	$30K	20x
Short	Extended XCU-USD	6.7996	0.0200	get 0.0025% / 1h	51m 24s	$231K	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee ExtendedbpOrdersPrice spread, now −0.021%Rate

Funding earned: $34.59
Price spread: −0.021% → 0.000%: −$2.1
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $20.48
Costs to cover: 0.120%
Break-even: 2.9 days

Slippage unknown: Phoenix: no order-book sample; Extended: live order book, 2 min ago. 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 Extended live order book, 2 min ago	1.84 bp	6.2 bp −$6	62.7 bp −$627	doesn't fit	doesn't fit

Phoenix: 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
BloFin COPPER-USDT	−0.0038%	4h	6.8030	+0.029%	$87K	$149K	100x	as long as short
edgeX COPPERUSDC	−0.0016%	4h	6.8025	+0.022%	$93K	$317K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8010	0.000%	$32K	$36K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8022	+0.018%	$9.0M	$34.7M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.7971	−0.057%	$467K	$1.2M	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7880	−0.191%	$1.3M	$493K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8010	0.000%	$27.0M	$4.9M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8030	+0.029%	$1.7M	$1.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8016	+0.009%	$739K	$1.6M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8060	+0.074%	$89K	$2.2M	25x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX COPPER-USDT	0.0000%	4h	6.8020	+0.015%	—	$7.7M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8060	+0.074%	$60K	$28K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.7910	−0.147%	$4.2M	$81K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.7987	−0.034%	$176K	—	250x	as long as short
QFEX COPPER-USD	+0.0013%	1h	6.8010	0.000%	$1.5M	$131K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8103	+0.137%	$476K	$45K	20x	as long as short
Phoenix COPPERlong	+0.0035%	1h	6.8010	long leg	$45K	$30K	20x
Vest HG-PERP	+0.0046%	1h	6.7983	−0.040%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8017	+0.011%	$1K	$3K	5x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.7984	−0.038%	$10.4M	$5.4M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.7990	−0.029%	$900	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8044	+0.050%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8020	+0.014%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8010	0.000%	$258K	$25K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8100	+0.132%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8014	+0.005%	$311	—	10x	as long as short
Extended XCU-USDshort	+0.0200%	1h	6.7996	−0.021%	$231K	$2.9M	20x
Kraken Futures PF_XCUUSD	+0.0312%	1h	6.7932	−0.114%	$28K	$173K	20x	as long as short