Funding you earn now, next payment 12:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.27 per $10,000 · paid last 24h +0.005%
Price spread now: BloFin against Variational Omni+0.153%7-day average +0.023% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.153%, 7d avg +0.023%
=Together, before fees−0.113%+ Points / potential airdropVariational Omni: Active · farm board−$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.129% dearer against Variational Omni than usual: you sell high and buy low (spread +0.153% now, against its 7-day average of +0.023%): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni COPPER | 6.8246 | 0 | get 0.0000% / 4h | 3h 56m | $765K | $1.4M | — |
| Short | BloFin COPPER-USDT | 6.8350 | −0.0054 | pay 0.0027% / 4h | 3h 56m | $89K | $146K | 100x |
Variational Omni COPPER
BloFin COPPER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Variational Omni. 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
- −$11.25
- Price spread: +0.153% → +0.023%
- $12.94
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$10.3
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; BloFin: live order book, 70 min ago. 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 Variational Omni RFQ quote, 2 min ago | 2.97 bp | doesn't fit | 9.6 bp −$96 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 70 min ago | 1.47 bp | 7.5 bp −$7 | 10.0 bp −$100 | 44.0 bp −$4,404 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COPPER-USDTshort | −0.0054% | 4h | 6.8350 | +0.153% | $89K | $146K | 100x | |
| Aster XCUUSDT | 0.0000% | 4h | 6.8342 | +0.141% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8380 | +0.197% | $9.0M | $33.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8305 | +0.087% | $503K | $986K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8180 | −0.096% | $1.3M | $503K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8380 | +0.197% | $26.9M | $5.1M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8340 | +0.138% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPERlong | 0.0000% | 4h | 6.8246 | long leg | $765K | $1.4M | — | |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8330 | +0.123% | $89K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8350 | +0.153% | — | $6.0M | 20x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
GRVT COPPER_USDT_Perp
SunX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8320 | +0.109% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8210 | −0.052% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8297 | +0.075% | $178K | — | 250x | as long as short |
| tradeXYZ xyz:COPPER | +0.0018% | 1h | 6.8290 | +0.065% | $10.6M | $5.0M | 20x | as long as short |
| QFEX COPPER-USD | +0.0018% | 1h | 6.8330 | +0.123% | $1.5M | $140K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0018% | 4h | 6.8292 | +0.068% | $95K | $317K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8337 | +0.134% | $275K | $2.0M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8294 | +0.071% | — | $82K | 25x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8288 | +0.062% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8309 | +0.093% | $2K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8213 | −0.048% | $57K | $55K | 15x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0076% | 1h | 6.8307 | +0.090% | $34K | $178K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8302 | +0.083% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8300 | +0.079% | $278K | $36K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8390 | +0.211% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8330 | +0.124% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0106% | 1h | 6.8285 | +0.057% | $45K | $22K | 20x | as long as short |
| Lighter XCU | +0.0112% | 1h | 6.8428 | +0.267% | $479K | $26K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
tradeXYZ xyz:COPPER
QFEX COPPER-USD
edgeX COPPERUSDC
Extended XCU-USD
Vest HG-PERP
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Lighter XCU