Funding you earn now, next payment 02:00 UTC+0.0129%/8h= +14.1% APRpaid last 24h −0.043%
Price spread now: Binance against tradeXYZ+0.065%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$330.327% of the position
Funding, last 7 days−0.172%−$17 on $10k
+Price spread, last 2 days (all we have)−0.067%−$7 · spread now +0.065%, 7d avg +0.016%
=Together, before fees−0.238%+ Points / potential airdroptradeXYZ: Active · farm board−$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.048% dearer against tradeXYZ than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.016%. Mind the row above: over the last 7 days funding on this pair cost −0.172%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COPPER | 6.8016 | −0.0129 | get 0.0016% / 1h | 15m 08s | $10.4M | $4.8M | 20x |
| Short | Binance COPPERUSDT | 6.8060 | 0 | get 0.0000% / 4h | 2h 15m | $9.0M | $32.1M | 100x |
tradeXYZ xyz:COPPER
Binance COPPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against tradeXYZ. 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
- $27.07
- Price spread: +0.065% → +0.016%
- $4.83
- Slippage, 4 orders
- −$4.71
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$0.8
- Costs to cover
- 0.327%
- Break-even
- 7.2 days
Slippage from tradeXYZ: live order book, 4 min ago; Binance: live order book, 11 min ago.
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 tradeXYZ live order book, 4 min ago | 0.59 bp | 10.7 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 0.74 bp | 6.2 bp −$6 | 10.1 bp −$101 | 81.8 bp −$8,177 | doesn't fit |
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 | −0.1014% | 1h | 6.8032 | +0.023% | $32K | $176K | 20x | as long as short |
| tradeXYZ xyz:COPPERlong | −0.0129% | 1h | 6.8016 | long leg | $10.4M | $4.8M | 20x | |
| Aster XCUUSDT | 0.0000% | 4h | 6.8069 | +0.078% | $32K | $35K | 50x | as long as short |
| Binance COPPERUSDTshort | 0.0000% | 4h | 6.8060 | +0.065% | $9.0M | $32.1M | 100x | |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8041 | +0.037% | $472K | $931K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7910 | −0.156% | $1.3M | $478K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8050 | +0.050% | $26.0M | $5.0M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8060 | +0.065% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8072 | +0.083% | $742K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8017 | +0.002% | $95K | $2.0M | 25x | as long as short |
Kraken Futures PF_XCUUSD
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 | 6.8060 | +0.065% | — | $6.8M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8070 | +0.079% | $61K | $26K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7970 | −0.068% | $4.2M | $74K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8050 | +0.050% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0006% | 1h | 6.8060 | +0.065% | $1.5M | $129K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0016% | 4h | 6.7998 | −0.027% | $94K | $319K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8157 | +0.207% | $477K | $39K | 20x | as long as short |
| Phoenix COPPER | +0.0035% | 1h | 6.8069 | +0.078% | $45K | $30K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8058 | +0.062% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8063 | +0.069% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8049 | +0.049% | $901 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8020 | +0.006% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8065 | +0.072% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8070 | +0.079% | $258K | $23K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8110 | +0.138% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8050 | +0.051% | $311 | — | 10x | as long as short |
| Extended XCU-USD | +0.0312% | 1h | 6.8050 | +0.050% | $230K | $2.9M | 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
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Extended XCU-USD