Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.011%
Price spread now: Bitget against tradeXYZ+0.051%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$430.431% of the position
Funding, last 7 days−0.143%−$14 on $10k
+Price spread, last 7 days−0.033%−$3 · spread now +0.051%, 7d avg +0.020%
=Together, before fees−0.176%+ Points / potential airdroptradeXYZ: Active · farm board−$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.032% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of +0.020%): +$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 | tradeXYZ xyz:COPPER | 6.8095 | 0.0050 | pay 0.0006% / 1h | 0m 56s | $10.6M | $5.0M | 20x |
| Short | Bitget COPPERUSDT | 6.8130 | 0 | get 0.0000% / 4h | 1h 00m | $2.9M | $2.0M | 100x |
tradeXYZ xyz:COPPER
Bitget COPPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$10.5
- Price spread: +0.051% → +0.020%
- $3.18
- Slippage, 4 orders
- −$13.05
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$50.37
- Costs to cover
- 0.431%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 8 min ago; Bitget: live order book, 2 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, 8 min ago | 0.07 bp | 9.9 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 1.47 bp | 11.5 bp −$11 | 25.3 bp −$253 | 88.6 bp −$8,861 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COPPER-USDT | −0.0008% | 4h | 6.8110 | +0.022% | $88K | $143K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8111 | +0.023% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8128 | +0.049% | $9.1M | $34.1M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8050 | −0.066% | $488K | $997K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7990 | −0.154% | $1.3M | $531K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8110 | +0.022% | $26.1M | $5.0M | 100x | as long as short |
| Bitget COPPERUSDTshort | 0.0000% | 4h | 6.8130 | +0.051% | $2.9M | $2.0M | 100x | |
| Variational Omni COPPER | 0.0000% | 4h | 6.8113 | +0.027% | $749K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8070 | −0.037% | $86K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8100 | +0.007% | — | $6.4M | 20x | as long as short |
BloFin COPPER-USDT
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8080 | −0.022% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8100 | +0.007% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8071 | −0.036% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0003% | 1h | 6.8100 | +0.007% | $1.5M | $128K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0007% | 4h | 6.8053 | −0.062% | $94K | $319K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8065 | −0.044% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8061 | −0.050% | $45K | $22K | 20x | as long as short |
| tradeXYZ xyz:COPPERlong | +0.0050% | 1h | 6.8095 | long leg | $10.6M | $5.0M | 20x | |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8076 | −0.028% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8063 | −0.047% | $1K | $2K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8018 | −0.113% | $57K | $55K | 15x | as long as short |
| Extended XCU-USD | +0.0080% | 1h | 6.8078 | −0.024% | $272K | $2.3M | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8061 | −0.049% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8100 | +0.007% | $278K | $37K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8140 | +0.066% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8088 | −0.010% | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0108% | 1h | 6.8080 | −0.021% | $34K | $177K | 20x | as long as short |
| Lighter XCU | +0.0144% | 1h | 6.8223 | +0.188% | $477K | $42K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
edgeX COPPERUSDC
Vest HG-PERP
Phoenix COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Extended XCU-USD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD
Lighter XCU