Funding you earn now, next payment 12:00 UTC−0.0107%/8h= −11.7% APRpaid last 24h −0.001%
Price spread now: HTX against tradeXYZ+0.139%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.079%+$8 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. HTX is 0.139% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.139% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.079%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COPPER | 6.8515 | 0.0107 | pay 0.0013% / 1h | 56m 10s | $10.9M | $3.9M | 20x |
| Short | HTX COPPER-USDT | 6.8610 | 0 | get 0.0000% / 4h | 56m 10s | $61K | $71K | 75x |
tradeXYZ xyz:COPPER
HTX COPPER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$22.41
- Price spread: +0.139% → 0.000%
- $13.87
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$38.54
- Costs to cover
- 0.300%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 6 min ago; HTX: no order-book sample. 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 tradeXYZ live order book, 6 min ago | 0.51 bp | 10.4 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX no order-book sample | — | — | — | — | — |
HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
COPPER on 28 exchanges
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 | −0.0009% | 4h | 6.8600 | +0.124% | $90K | $155K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8544 | +0.043% | $35K | $31K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8520 | +0.007% | $9.1M | $32.7M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8446 | −0.101% | $533K | $823K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8350 | −0.241% | $1.3M | $173K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8530 | +0.022% | $26.3M | $5.6M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8520 | +0.007% | $3.9M | $2.2M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8587 | +0.105% | $774K | $540K | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8592 | +0.113% | $91K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8560 | +0.066% | — | $4.6M | 20x | as long as short |
BloFin COPPER-USDT
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-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDTshort | 0.0000% | 4h | 6.8610 | +0.139% | $61K | $71K | 75x | |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8390 | −0.182% | $4.2M | $83K | 100x | as long as short |
| QFEX COPPER-USD | +0.0001% | 1h | 6.8540 | +0.036% | $1.5M | $151K | 20x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8495 | −0.029% | $179K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0011% | 4h | 6.8580 | +0.095% | $95K | $319K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8500 | −0.021% | $270K | $1.7M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8518 | +0.004% | — | $36K | 25x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8522 | +0.010% | $907 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8539 | +0.035% | $2K | $825 | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8534 | +0.028% | $59K | $54K | 15x | as long as short |
| Lighter XCU | +0.0072% | 1h | 6.8594 | +0.115% | $480K | $26K | 20x | as long as short |
| Phoenix COPPER | +0.0093% | 1h | 6.8606 | +0.133% | $44K | $10K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8537 | +0.032% | $24K | $13K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8500 | −0.022% | $267K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8600 | +0.124% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8529 | +0.020% | $313 | — | 10x | as long as short |
| tradeXYZ xyz:COPPERlong | +0.0107% | 1h | 6.8515 | long leg | $10.9M | $3.9M | 20x | |
| Kraken Futures PF_XCUUSD | +0.0181% | 1h | 6.8520 | +0.007% | $34K | $180K | 20x | as long as short |
Phemex COPPERUSDT
QFEX COPPER-USD
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
Extended XCU-USD
Vest HG-PERP
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Lighter XCU
Phoenix COPPER
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD