COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0006%/8h= −0.6% APRnext payment −$0.01 per $10,000 · paid last 24h +0.007%

Price spread now: Pacifica against Phoenix−0.026%47s7-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 Pacifica

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 airdropPacifica: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.026% cheaper against Phoenix than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix COPPER	6.8242	0.0106	pay 0.0013% / 1h	0m 47s	$45K	$22K	20x
Short	Pacifica COPPER	6.8225	0.0100	get 0.0013% / 1h	0m 47s	$23K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.026%Rate

Funding earned: −$1.18
Price spread: −0.026% → 0.000%: −$2.56
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$18.74
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Pacifica: 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 Pacifica no order-book sample	—	—	—	—	—

Phoenix and Pacifica: 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
Aster XCUUSDT	0.0000%	4h	6.8255	+0.020%	$32K	$28K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8253	+0.016%	$9.0M	$33.3M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8219	−0.034%	$496K	$974K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8100	−0.208%	$1.3M	$530K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8250	+0.012%	$26.7M	$5.4M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8240	−0.003%	$2.9M	$1.6M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8246	+0.006%	$765K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8290	+0.070%	$89K	$2.4M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8260	+0.026%	—	$6.0M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8270	+0.041%	$61K	$24K	75x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex COPPERUSDT	0.0000%	4h	6.8140	−0.149%	$4.2M	$83K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8215	−0.040%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0015%	4h	6.8257	+0.022%	$95K	$320K	20x	as long as short
QFEX COPPER-USD	+0.0017%	1h	6.8240	−0.003%	$1.5M	$140K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8217	−0.036%	$274K	$2.0M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8234	−0.012%	—	$82K	25x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8192	−0.073%	$10.6M	$5.0M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8195	−0.069%	$4K	$5K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8228	−0.021%	$2K	$1K	5x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8210	−0.047%	$57K	$55K	15x	as long as short
BloFin COPPER-USDT	+0.0051%	4h	6.8240	−0.003%	$88K	$145K	100x	as long as short
Pacifica COPPERshort	+0.0100%	1h	6.8225	−0.026%	$23K	$14K	10x
KuCoin COPPERUSDTM	+0.0100%	4h	6.8230	−0.018%	$278K	$36K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8310	+0.100%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8243	+0.001%	$312	—	10x	as long as short
Phoenix COPPERlong	+0.0106%	1h	6.8242	long leg	$45K	$22K	20x
Lighter XCU	+0.0144%	1h	6.8344	+0.149%	$478K	$27K	20x	as long as short
Kraken Futures PF_XCUUSD	+0.0358%	1h	6.8229	−0.020%	$34K	$178K	20x	as long as short