Funding you earn now, next payment 12:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.50 per $10,000 · paid last 24h +0.065%
Price spread now: KuCoin against Variational Omni−0.079%7-day average +0.039% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.236%+$24 on $10k
+Price spread, last 4 days (all we have)+0.189%+$19 · spread now −0.079%, 7d avg +0.039%
=Together, before fees+0.425%+ Points / potential airdropVariational Omni: Active · farm board+$42 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.117% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of +0.039%). If the spread goes back, that is −$12 on $10k: about 3.9 days of funding at the current rate (+$3 a day). At the pace of the last 4 days (+0.236% in total) that is about 44 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni COPPER | 6.8334 | 0 | get 0.0000% / 4h | 3h 47m | $759K | $1.4M | — |
| Short | KuCoin COPPERUSDTM | 6.8280 | 0.0100 | get 0.0050% / 4h | 3h 47m | $266K | $39K | 50x |
Variational Omni COPPER
KuCoin COPPERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: −0.079% → +0.039%
- −$11.73
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$2.73
- Costs to cover
- 0.120%
- Break-even
- 7.9 days
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; KuCoin: live order book, 45 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 | 2.98 bp | doesn't fit | 10.9 bp −$109 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 45 min ago | 14.64 bp | 82.9 bp −$83 | 487.0 bp −$4,870 | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:COPPER | −0.0005% | 1h | 6.8241 | −0.136% | $10.7M | $5.0M | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8302 | −0.046% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8290 | −0.064% | $9.1M | $33.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8239 | −0.139% | $494K | $996K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8140 | −0.283% | $1.3M | $503K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8290 | −0.064% | $26.4M | $5.5M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8290 | −0.064% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPERlong | 0.0000% | 4h | 6.8334 | long leg | $759K | $1.4M | — | |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8340 | +0.009% | $94K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8300 | −0.049% | — | $5.9M | 20x | as long as short |
tradeXYZ xyz:COPPER
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 | −0.020% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8150 | −0.269% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8271 | −0.092% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0016% | 4h | 6.8318 | −0.022% | $95K | $319K | 20x | as long as short |
| QFEX COPPER-USD | +0.0018% | 1h | 6.8270 | −0.093% | $1.5M | $140K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0027% | 4h | 6.8330 | −0.005% | $88K | $146K | 100x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8258 | −0.110% | $273K | $1.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8262 | −0.105% | — | $82K | 25x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8251 | −0.121% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8264 | −0.102% | $2K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8287 | −0.068% | $57K | $55K | 15x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0076% | 1h | 6.8253 | −0.119% | $34K | $178K | 20x | as long as short |
| Lighter XCU | +0.0096% | 1h | 6.8380 | +0.068% | $478K | $26K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8266 | −0.098% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTMshort | +0.0100% | 4h | 6.8280 | −0.079% | $266K | $39K | 50x | |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8360 | +0.038% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8287 | −0.068% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0129% | 1h | 6.8278 | −0.082% | $45K | $22K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
BloFin COPPER-USDT
Extended XCU-USD
Vest HG-PERP
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Kraken Futures PF_XCUUSD
Lighter XCU
Pacifica COPPER
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER