Funding you earn now, next payment 08:00 UTC−0.0049%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h +0.004%
Price spread now: gTrade (Gains Network) against tradeXYZ−0.012%58s7-day average +0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$4644.640% of the position
Funding, last 1 day (all we have)+0.020%+$2 on $10k
+Price spread, last 4 days (all we have)+0.079%+$8 · spread now −0.012%, 7d avg +0.037%
=Together, before fees+0.100%+ Points / potential airdroptradeXYZ: Active · farm board+$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and gTrade (Gains Network) is 0.049% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.037%). Swap the legs. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COPPER | 6.8258 | 0.0050 | pay 0.0006% / 1h | 46m 27s | $10.6M | $5.0M | 20x |
| Short | gTrade (Gains Network) HG/USD | 6.8250 | L +0.0002% / S −0.0001% | get 0.0000% / 1h | 46m 27s | $178K | — | 250x |
tradeXYZ xyz:COPPER
gTrade (Gains Network) HG/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$10.2
- Price spread: −0.012% → +0.037%
- −$4.87
- Slippage, 4 orders
- −$435.99
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$479.06
- Costs to cover
- 4.640%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 12 min ago; gTrade (Gains Network): virtual book (oracle venue), 23 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, 12 min ago | 0.37 bp | 10.9 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 23 min ago | 130.01 bp | 213.6 bp −$214 | 1617.5 bp −$16.2K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XCUUSDT | 0.0000% | 4h | 6.8265 | +0.010% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8293 | +0.051% | $9.1M | $33.8M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8243 | −0.022% | $495K | $1.0M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8140 | −0.173% | $1.3M | $528K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8290 | +0.047% | $26.6M | $5.2M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8280 | +0.032% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8252 | −0.009% | $753K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8277 | +0.028% | $94K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8300 | +0.062% | — | $6.3M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8310 | +0.076% | $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
SunX COPPER-USDT
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 | 6.8220 | −0.056% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USDshort | L +0.0002% / S −0.0001% | 1h | 6.8250 | −0.012% | $178K | — | 250x | |
| edgeX COPPERUSDC | +0.0005% | 4h | 6.8245 | −0.019% | $95K | $318K | 20x | as long as short |
| QFEX COPPER-USD | +0.0017% | 1h | 6.8280 | +0.032% | $1.5M | $128K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8244 | −0.021% | — | $82K | 25x | as long as short |
| tradeXYZ xyz:COPPERlong | +0.0050% | 1h | 6.8258 | long leg | $10.6M | $5.0M | 20x | |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8262 | +0.006% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8264 | +0.009% | $2K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8257 | −0.001% | $57K | $55K | 15x | as long as short |
| BloFin COPPER-USDT | +0.0053% | 4h | 6.8310 | +0.076% | $88K | $143K | 100x | as long as short |
| Extended XCU-USD | +0.0056% | 1h | 6.8248 | −0.015% | $272K | $2.1M | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8264 | +0.009% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8270 | +0.018% | $278K | $37K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8350 | +0.135% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8285 | +0.039% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0106% | 1h | 6.8231 | −0.040% | $45K | $22K | 20x | as long as short |
| Lighter XCU | +0.0120% | 1h | 6.8401 | +0.209% | $478K | $26K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0358% | 1h | 6.8279 | +0.031% | $34K | $177K | 20x | as long as short |
Phemex COPPERUSDT
edgeX COPPERUSDC
QFEX COPPER-USD
Vest HG-PERP
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
BloFin COPPER-USDT
Extended XCU-USD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Lighter XCU
Kraken Futures PF_XCUUSD