Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against SunX−0.191%7-day average −0.013% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 3 days (all we have)+0.064%+$6 · spread now −0.191%, 7d avg −0.013%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.178% cheaper against SunX than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX COPPER-USDT | 6.8070 | 0 | get 0.0000% / 4h | 3h 55m | — | $7.4M | 20x |
| Short | Phemex COPPERUSDT | 6.7940 | 0 | get 0.0000% / 4h | 3h 55m | $4.2M | $78K | 100x |
SunX COPPER-USDT
Phemex COPPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against SunX. 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
- $0
- Price spread: −0.191% → −0.013%
- −$17.8
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$37.8
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: SunX: live order book, 13 min ago; Phemex: live order book, 3 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 SunX live order book, 13 min ago | 46.31 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 0.74 bp | 61.8 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCUUSD | −0.0448% | 1h | 6.7943 | −0.187% | $28K | $174K | 20x | as long as short |
| BloFin COPPER-USDT | −0.0057% | 4h | 6.8070 | 0.000% | $87K | $149K | 100x | as long as short |
| edgeX COPPERUSDC | −0.0008% | 4h | 6.8047 | −0.034% | $93K | $316K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8073 | +0.004% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8079 | +0.014% | $9.0M | $34.1M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8066 | −0.006% | $470K | $990K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7950 | −0.176% | $1.3M | $491K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8070 | 0.000% | $26.9M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8090 | +0.029% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8076 | +0.009% | $741K | $1.6M | — | as long as short |
Kraken Futures PF_XCUUSD
BloFin COPPER-USDT
edgeX COPPERUSDC
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPERShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8070 | 0.000% | $89K | $2.1M | 25x | as long as short |
| SunX COPPER-USDTlong | 0.0000% | 4h | 6.8070 | long leg | — | $7.4M | 20x | |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8060 | −0.015% | $60K | $27K | 75x | as long as short |
| Phemex COPPERUSDTshort | 0.0000% | 4h | 6.7940 | −0.191% | $4.2M | $78K | 100x | |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8044 | −0.038% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0004% | 1h | 6.8060 | −0.015% | $1.5M | $139K | 20x | as long as short |
| Phoenix COPPER | +0.0035% | 1h | 6.8050 | −0.029% | $45K | $30K | 20x | as long as short |
| Lighter XCU | +0.0040% | 1h | 6.8167 | +0.143% | $477K | $45K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8040 | −0.044% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8081 | +0.017% | $1K | $3K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8038 | −0.047% | $10.4M | $5.1M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8046 | −0.035% | $901 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7992 | −0.115% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8078 | +0.012% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8010 | −0.088% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8130 | +0.088% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8049 | −0.031% | $311 | — | 10x | as long as short |
| Extended XCU-USD | +0.0424% | 1h | 6.8049 | −0.030% | $230K | $2.9M | 20x | as long as short |
GRVT COPPER_USDT_Perp
HTX COPPER-USDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
Phoenix COPPER
Lighter XCU
Vest HG-PERP
Paradex XCU-USD-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Extended XCU-USD