Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.067%
Price spread now: Binance against SoDEX−0.010%7-day average — · you buy dearer than you sell
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
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX COPPER-USD | 6.8188 | 0.0050 | pay 0.0006% / 1h | 0m 40s | $903 | $3K | 20x |
| Short | Binance COPPERUSDT | 6.8181 | 0 | get 0.0000% / 4h | 2h 00m | $9.1M | $32.4M | 100x |
SoDEX COPPER-USD
Binance COPPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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: −0.010% → 0.000%
- −$0.97
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$29.47
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; Binance: live order book, 11 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 11 min ago | 0.74 bp | 5.7 bp −$6 | 10.4 bp −$104 | 89.9 bp −$8,995 | doesn't fit |
SoDEX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCUUSD | −0.1011% | 1h | 6.8174 | −0.020% | $32K | $176K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0104% | 1h | 6.8175 | −0.019% | $10.5M | $4.8M | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8196 | +0.012% | $32K | $21K | 50x | as long as short |
| Binance COPPERUSDTshort | 0.0000% | 4h | 6.8181 | −0.010% | $9.1M | $32.4M | 100x | |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8178 | −0.015% | $475K | $937K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8040 | −0.217% | $1.3M | $481K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8180 | −0.012% | $26.0M | $5.1M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8210 | +0.032% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8203 | +0.022% | $743K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8200 | +0.017% | $96K | $2.0M | 25x | as long as short |
Kraken Futures PF_XCUUSD
tradeXYZ xyz:COPPER
Aster XCUUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
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 | 6.8210 | +0.032% | — | $6.8M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8260 | +0.106% | $61K | $25K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8030 | −0.232% | $4.2M | $75K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8181 | −0.010% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0006% | 1h | 6.8170 | −0.026% | $1.5M | $129K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0009% | 4h | 6.8170 | −0.026% | $94K | $319K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8254 | +0.097% | $478K | $39K | 20x | as long as short |
| Phoenix COPPER | +0.0035% | 1h | 6.8062 | −0.185% | $45K | $30K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8174 | −0.021% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8149 | −0.057% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USDlong | +0.0050% | 1h | 6.8188 | long leg | $903 | $3K | 20x | |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8002 | −0.273% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8172 | −0.023% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8160 | −0.041% | $258K | $23K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8260 | +0.106% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8192 | +0.006% | $312 | — | 10x | as long as short |
| Extended XCU-USD | +0.0336% | 1h | 6.8180 | −0.011% | $225K | $2.8M | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
edgeX COPPERUSDC
Lighter XCU
Phoenix COPPER
Vest HG-PERP
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Extended XCU-USD