Funding you earn now, next payment 06:00 UTC+0.0105%/8h= +11.5% APRpaid last 24h +0.053%
Price spread now: KuCoin against tradeXYZ+0.013%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1191.189% of the position
Funding, last 7 days+0.326%+$33 on $10k
+Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.013%, 7d avg +0.017%
=Together, before fees+0.344%+ Points / potential airdroptradeXYZ: Active · farm board+$34 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.017%, so right now this pair is about funding alone: +$3 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 | 6.8331 | −0.0005 | get 0.0001% / 1h | 45m 48s | $10.6M | $4.9M | 20x |
| Short | KuCoin COPPERUSDTM | 6.8340 | 0.0100 | get 0.0050% / 4h | 2h 45m | $279K | $35K | 50x |
tradeXYZ xyz:COPPER
KuCoin COPPERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $22.1
- Price spread: +0.013% → +0.017%
- −$0.41
- Slippage, 4 orders
- −$88.88
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$97.19
- Costs to cover
- 1.189%
- Break-even
- 37.8 days
Slippage from tradeXYZ: live order book, 3 min ago; KuCoin: 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, 3 min ago | 0.07 bp | 9.1 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 11 min ago | 15.37 bp | 55.1 bp −$55 | 630.4 bp −$6,304 | 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 | −0.0480% | 1h | 6.8349 | +0.027% | $35K | $176K | 20x | as long as short |
| tradeXYZ xyz:COPPERlong | −0.0005% | 1h | 6.8331 | long leg | $10.6M | $4.9M | 20x | |
| QFEX COPPER-USD | −0.0001% | 1h | 6.8370 | +0.057% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8365 | +0.049% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8363 | +0.046% | $9.2M | $33.0M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8319 | −0.018% | $490K | $971K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8150 | −0.265% | $1.3M | $520K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8350 | +0.028% | $26.8M | $4.6M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8350 | +0.028% | $2.5M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8353 | +0.032% | $741K | $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 | 6.8320 | −0.016% | $91K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8380 | +0.072% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8360 | +0.042% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8200 | −0.192% | $4.2M | $79K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8350 | +0.028% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0013% | 4h | 6.8319 | −0.018% | $95K | $319K | 20x | as long as short |
| Phoenix COPPER | +0.0023% | 1h | 6.8311 | −0.029% | $45K | $23K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8459 | +0.187% | $478K | $40K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8341 | +0.015% | $276K | $2.5M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8360 | +0.042% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8356 | +0.036% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8322 | −0.013% | $905 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8287 | −0.064% | $57K | $55K | 15x | as long as short |
| BloFin COPPER-USDT | +0.0056% | 4h | 6.8360 | +0.042% | $88K | $138K | 100x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8373 | +0.061% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTMshort | +0.0100% | 4h | 6.8340 | +0.013% | $279K | $35K | 50x | |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8400 | +0.101% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8348 | +0.026% | $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
Phoenix COPPER
Lighter XCU
Extended XCU-USD
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
BloFin COPPER-USDT
Pacifica COPPER
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP