Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.052%
Price spread now: Paradex against Variational Omni−0.007%53s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · Paradex: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni COPPER | 6.7967 | 0 | get 0.0000% / 4h | 1h 29m | $739K | $1.6M | — |
| Short | Paradex XCU-USD-PERP | 6.7962 | 0.0050 | get 0.0050% / 8h | 1h 29m | $1K | $3K | 5x |
Variational Omni COPPER
Paradex XCU-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- $10.47
- Price spread: −0.007% → 0.000%
- −$0.67
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $5.8
- Costs to cover
- 0.040%
- Break-even
- 3.1 days
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Paradex: 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 Variational Omni RFQ quote, 4 min ago | 2.98 bp | doesn't fit | 10.8 bp −$108 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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 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-USDT | −0.0036% | 4h | 6.7940 | −0.039% | $87K | $149K | 100x | as long as short |
| QFEX COPPER-USD | −0.0015% | 1h | 6.7950 | −0.024% | $1.5M | $135K | 20x | as long as short |
| edgeX COPPERUSDC | −0.0004% | 4h | 6.7957 | −0.015% | $93K | $318K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0003% | 1h | 6.7908 | −0.086% | $10.4M | $5.3M | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7961 | −0.007% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7970 | +0.005% | $8.9M | $34.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7937 | −0.043% | $467K | $1.2M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7820 | −0.216% | $1.3M | $499K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7970 | +0.005% | $27.0M | $5.1M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.7970 | +0.005% | $1.7M | $1.0M | 100x | as long as short |
BloFin COPPER-USDT
QFEX COPPER-USD
edgeX COPPERUSDC
tradeXYZ xyz:COPPER
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni COPPERlong | 0.0000% | 4h | 6.7967 | long leg | $739K | $1.6M | — | |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.7981 | +0.021% | $90K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7970 | +0.005% | — | $7.7M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8000 | +0.049% | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7910 | −0.083% | $4.2M | $81K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.7938 | −0.042% | $176K | — | 250x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8055 | +0.130% | $476K | $45K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.7945 | −0.032% | $231K | $2.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7931 | −0.052% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERPshort | +0.0050% | 8h | 6.7962 | −0.007% | $1K | $3K | 5x | |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7935 | −0.046% | $900 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7916 | −0.074% | $56K | $55K | 15x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0060% | 1h | 6.7951 | −0.023% | $26K | $176K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7948 | −0.027% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7960 | −0.010% | $258K | $26K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8030 | +0.093% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7960 | −0.010% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0329% | 1h | 6.7938 | −0.042% | $45K | $30K | 20x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
Lighter XCU
Extended XCU-USD
Vest HG-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER