Funding you earn now, next payment 03:00 UTC−0.0114%/8h= −12.5% APRpaid last 24h −0.012%
Price spread now: Paradex against Phoenix+0.003%46s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 46 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 | 6.8187 | 0.0164 | pay 0.0020% / 1h | 22m 20s | $45K | $23K | 20x |
| Short | Paradex XCU-USD-PERP | 6.8189 | 0.0050 | get 0.0050% / 8h | 4h 22m | $2K | $2K | 5x |
Phoenix COPPER
Paradex XCU-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- −$23.93
- Price spread: +0.003% → 0.000%
- $0.31
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$34.62
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Paradex: 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 Paradex no order-book sample | — | — | — | — | — |
Phoenix and Paradex: 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 | −0.0003% | 4h | 6.8200 | +0.019% | $88K | $144K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8228 | +0.060% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8203 | +0.023% | $9.0M | $32.8M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8188 | +0.001% | $480K | $962K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8080 | −0.157% | $1.3M | $495K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8200 | +0.019% | $26.0M | $4.3M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8180 | −0.010% | $2.5M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8142 | −0.065% | $742K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8186 | −0.001% | $96K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8190 | +0.004% | — | $6.6M | 20x | as long as short |
BloFin COPPER-USDT
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8230 | +0.063% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8150 | −0.054% | $4.2M | $76K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8209 | +0.032% | $178K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0009% | 1h | 6.8200 | +0.019% | $1.5M | $129K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0011% | 4h | 6.8151 | −0.052% | $94K | $317K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8295 | +0.158% | $477K | $40K | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0036% | 1h | 6.8165 | −0.032% | $10.5M | $4.8M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8208 | +0.031% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERPshort | +0.0050% | 8h | 6.8189 | +0.003% | $2K | $2K | 5x | |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8177 | −0.015% | $903 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8102 | −0.125% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8218 | +0.045% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8200 | +0.019% | $290K | $27K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8240 | +0.078% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8182 | −0.007% | $312 | — | 10x | as long as short |
| Phoenix COPPERlong | +0.0164% | 1h | 6.8187 | long leg | $45K | $23K | 20x | |
| Kraken Futures PF_XCUUSD | +0.0291% | 1h | 6.8166 | −0.030% | $34K | $176K | 20x | as long as short |
| Extended XCU-USD | +0.0312% | 1h | 6.8206 | +0.028% | $263K | $2.7M | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
edgeX COPPERUSDC
Lighter XCU
tradeXYZ xyz:COPPER
Vest HG-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD
Extended XCU-USD