Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.054%
Price spread now: Aster against SoDEX+0.032%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
=The price spread pays, funding is against you. Aster is 0.032% dearer against SoDEX than usual: you sell high and buy low (spread +0.032% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX COPPER-USD | 6.8312 | 0.0050 | pay 0.0006% / 1h | 44m 10s | $905 | $3K | 20x |
| Short | Aster XCUUSDT | 6.8334 | 0 | get 0.0000% / 4h | 44m 10s | $32K | $27K | 50x |
SoDEX COPPER-USD
Aster XCUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against SoDEX. 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
- −$10.5
- Price spread: +0.032% → 0.000%
- $3.21
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$23.29
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: SoDEX: 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Aster no order-book sample | — | — | — | — | — |
SoDEX 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 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 XCUUSDTshort | 0.0000% | 4h | 6.8334 | +0.032% | $32K | $27K | 50x | |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8340 | +0.041% | $9.0M | $32.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8294 | −0.026% | $472K | $951K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8120 | −0.281% | $1.3M | $495K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8320 | +0.012% | $26.0M | $4.2M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8330 | +0.026% | $1.7M | $988K | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8303 | −0.013% | $743K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8330 | +0.027% | $93K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8320 | +0.012% | — | $6.7M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8330 | +0.026% | $61K | $24K | 75x | as long as short |
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8150 | −0.237% | $4.2M | $76K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8307 | −0.008% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0006% | 4h | 6.8292 | −0.030% | $95K | $320K | 20x | as long as short |
| QFEX COPPER-USD | +0.0009% | 1h | 6.8300 | −0.018% | $1.5M | $129K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0031% | 4h | 6.8320 | +0.012% | $88K | $144K | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8445 | +0.195% | $478K | $40K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8297 | −0.022% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8302 | −0.014% | $2K | $2K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8293 | −0.028% | $10.5M | $4.8M | 20x | as long as short |
| SoDEX COPPER-USDlong | +0.0050% | 1h | 6.8312 | long leg | $905 | $3K | 20x | |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8336 | +0.035% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8319 | +0.010% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8280 | −0.047% | $258K | $21K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8390 | +0.114% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8318 | +0.008% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0164% | 1h | 6.8322 | +0.015% | $45K | $23K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0290% | 1h | 6.8299 | −0.019% | $35K | $176K | 20x | as long as short |
| Extended XCU-USD | +0.0792% | 1h | 6.8315 | +0.005% | $220K | $2.7M | 20x | as long as short |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
BloFin COPPER-USDT
Lighter XCU
Vest HG-PERP
Paradex XCU-USD-PERP
tradeXYZ xyz:COPPER
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD
Extended XCU-USD