Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.051%
Price spread now: Extended against tradeXYZ+0.018%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$310.306% of the position
Funding, last 7 days+0.179%+$18 on $10k
+Price spread, last 7 days+0.045%+$5 · spread now +0.018%, 7d avg +0.036%
=Together, before fees+0.224%+ Points / potential airdroptradeXYZ: Active · Extended: Active · farm board+$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COPPER | 6.8184 | 0.0000 | get 0.0000% / 1h | 3m 42s | $10.6M | $5.0M | 20x |
| Short | Extended XCU-USD | 6.8196 | 0.0032 | get 0.0004% / 1h | 3m 42s | $276K | $2.4M | 20x |
tradeXYZ xyz:COPPER
Extended XCU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $6.78
- Price spread: +0.018% → +0.036%
- −$1.79
- Slippage, 4 orders
- −$7.63
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$25.64
- Costs to cover
- 0.306%
- Break-even
- 33.5 days
Slippage from tradeXYZ: live order book, 4 min ago; Extended: live order book, 5 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 | 0.73 bp | 10.6 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 5 min ago | 1.10 bp | 4.2 bp −$4 | 59.3 bp −$593 | 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 | −0.0481% | 1h | 6.8223 | +0.057% | $35K | $176K | 20x | as long as short |
| QFEX COPPER-USD | −0.0001% | 1h | 6.8230 | +0.067% | $1.5M | $130K | 20x | as long as short |
| tradeXYZ xyz:COPPERlong | 0.0000% | 1h | 6.8184 | long leg | $10.6M | $5.0M | 20x | |
| Aster XCUUSDT | 0.0000% | 4h | 6.8221 | +0.054% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8228 | +0.065% | $9.2M | $33.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8177 | −0.010% | $498K | $973K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8090 | −0.138% | $1.3M | $533K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8230 | +0.067% | $26.7M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8210 | +0.038% | $2.9M | $2.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8243 | +0.087% | $740K | $1.4M | — | as long as short |
Kraken Futures PF_XCUUSD
QFEX COPPER-USD
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 | 6.8264 | +0.118% | $95K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8220 | +0.053% | — | $6.5M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8250 | +0.097% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8170 | −0.021% | $4.2M | $81K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8205 | +0.032% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0017% | 4h | 6.8245 | +0.089% | $95K | $319K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0021% | 4h | 6.8220 | +0.053% | $87K | $139K | 100x | as long as short |
| Phoenix COPPER | +0.0023% | 1h | 6.8223 | +0.057% | $45K | $23K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8306 | +0.179% | $477K | $40K | 20x | as long as short |
| Extended XCU-USDshort | +0.0032% | 1h | 6.8196 | +0.018% | $276K | $2.4M | 20x | |
| Vest HG-PERP | +0.0046% | 1h | 6.8205 | +0.031% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8205 | +0.031% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8182 | −0.003% | $903 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8274 | +0.132% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8209 | +0.036% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8220 | +0.053% | $278K | $35K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8300 | +0.170% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8219 | +0.051% | $312 | — | 10x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
BloFin COPPER-USDT
Phoenix COPPER
Lighter XCU
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