Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.013%
Price spread now: SunX against SoDEX+0.073%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
=Together, before fees—needs both histories
The price spread pays, funding is against you. SunX is 0.073% dearer against SoDEX than usual: you sell high and buy low (spread +0.073% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX COPPER-USD | 6.8170 | 0.0050 | pay 0.0006% / 1h | 16m 09s | $4K | $5K | 20x |
| Short | SunX COPPER-USDT | 6.8220 | 0 | get 0.0000% / 4h | 16m 09s | — | $6.1M | 20x |
SoDEX COPPER-USD
SunX COPPER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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: +0.073% → 0.000%
- $7.33
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$19.17
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; SunX: live order book, 13 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 SunX live order book, 13 min ago | 46.15 bp | doesn't fit | doesn't fit | doesn't fit | 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 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 | 6.8217 | +0.068% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8219 | +0.072% | $9.0M | $33.7M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8157 | −0.019% | $494K | $983K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8070 | −0.147% | $1.3M | $528K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8220 | +0.073% | $26.6M | $5.2M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8210 | +0.059% | $2.9M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8243 | +0.107% | $770K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8273 | +0.151% | $86K | $2.4M | 25x | as long as short |
| SunX COPPER-USDTshort | 0.0000% | 4h | 6.8220 | +0.073% | — | $6.1M | 20x | |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8240 | +0.103% | $61K | $24K | 75x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
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 | −0.029% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8173 | +0.005% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0002% | 4h | 6.8250 | +0.117% | $95K | $320K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0011% | 4h | 6.8220 | +0.073% | $88K | $148K | 100x | as long as short |
| QFEX COPPER-USD | +0.0017% | 1h | 6.8220 | +0.073% | $1.5M | $134K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8180 | +0.015% | — | $82K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8169 | −0.001% | $10.6M | $5.0M | 20x | as long as short |
| SoDEX COPPER-USDlong | +0.0050% | 1h | 6.8170 | long leg | $4K | $5K | 20x | |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8187 | +0.024% | $2K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8278 | +0.158% | $57K | $55K | 15x | as long as short |
| Extended XCU-USD | +0.0096% | 1h | 6.8171 | +0.001% | $274K | $2.0M | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8187 | +0.025% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8190 | +0.029% | $278K | $36K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8270 | +0.147% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8206 | +0.053% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0106% | 1h | 6.8239 | +0.101% | $45K | $22K | 20x | as long as short |
| Lighter XCU | +0.0176% | 1h | 6.8308 | +0.202% | $478K | $27K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0358% | 1h | 6.8173 | +0.005% | $34K | $178K | 20x | as long as short |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
BloFin COPPER-USDT
QFEX COPPER-USD
Vest HG-PERP
tradeXYZ xyz:COPPER
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Extended XCU-USD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Lighter XCU
Kraken Futures PF_XCUUSD