Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.042%
Price spread now: MEXC against tradeXYZ+0.031%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$230.228% of the position
Funding, last 7 days−0.174%−$17 on $10k
+Price spread, last 7 days+0.039%+$4 · spread now +0.031%, 7d avg +0.015%
=Together, before fees−0.135%+ Points / potential airdroptradeXYZ: Active · farm board−$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: −$2 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 | 6.8059 | 0.0050 | pay 0.0006% / 1h | 47m 13s | $10.4M | $5.1M | 20x |
| Short | MEXC COPPER_USDT | 6.8080 | 0 | get 0.0000% / 4h | 3h 47m | $26.8M | $4.9M | 100x |
tradeXYZ xyz:COPPER
MEXC COPPER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: +0.031% → +0.015%
- $1.61
- Slippage, 4 orders
- −$4.76
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$31.65
- Costs to cover
- 0.228%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 11 min ago; MEXC: 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, 11 min ago | 1.10 bp | 10.5 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.73 bp | 0.7 bp −$1 | 2.4 bp −$24 | 9.7 bp −$965 | 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 | −0.0448% | 1h | 6.7943 | −0.170% | $28K | $174K | 20x | as long as short |
| edgeX COPPERUSDC | −0.0016% | 4h | 6.8104 | +0.066% | $94K | $319K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8086 | +0.040% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8080 | +0.031% | $9.0M | $34.1M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8059 | 0.000% | $470K | $990K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7950 | −0.160% | $1.3M | $491K | 100x | as long as short |
| MEXC COPPER_USDTshort | 0.0000% | 4h | 6.8080 | +0.031% | $26.8M | $4.9M | 100x | |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8100 | +0.060% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8094 | +0.052% | $741K | $1.6M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8130 | +0.104% | $94K | $2.1M | 25x | as long as short |
Kraken Futures PF_XCUUSD
edgeX COPPERUSDC
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX COPPER-USDT | 0.0000% | 4h | 6.8090 | +0.046% | — | $7.4M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8130 | +0.104% | $60K | $27K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7910 | −0.219% | $4.2M | $78K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8056 | −0.005% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0004% | 1h | 6.8070 | +0.016% | $1.5M | $139K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0009% | 4h | 6.8090 | +0.046% | $87K | $150K | 100x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8053 | −0.009% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8079 | +0.030% | $1K | $3K | 5x | as long as short |
| tradeXYZ xyz:COPPERlong | +0.0050% | 1h | 6.8059 | long leg | $10.4M | $5.1M | 20x | |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8055 | −0.006% | $901 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8059 | 0.000% | $57K | $55K | 15x | as long as short |
| Lighter XCU | +0.0056% | 1h | 6.8191 | +0.194% | $477K | $45K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8058 | −0.002% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8050 | −0.013% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8150 | +0.134% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8073 | +0.020% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0118% | 1h | 6.8095 | +0.053% | $45K | $30K | 20x | as long as short |
| Extended XCU-USD | +0.0392% | 1h | 6.8055 | −0.005% | $229K | $2.9M | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
BloFin COPPER-USDT
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Extended XCU-USD