Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.061%
Price spread now: Phemex against Variational Omni+0.099%7-day average +0.001% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.079%+$8 on $10k
+Price spread, last 3 days (all we have)−0.211%−$21 · spread now +0.099%, 7d avg +0.001%
=Together, before fees−0.132%+ Points / potential airdropVariational Omni: Active · farm board−$13 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.098% dearer against Variational Omni than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.001%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni COPPER | 6.7853 | 0 | get 0.0000% / 4h | 2h 23m | $752K | $1.6M | — |
| Short | Phemex COPPERUSDT | 6.7920 | 0 | get 0.0000% / 4h | 2h 23m | $4.2M | $82K | 100x |
Variational Omni COPPER
Phemex COPPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: +0.099% → +0.001%
- $9.85
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$2.15
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Phemex: live order book, 6 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, 1 min ago | 2.98 bp | doesn't fit | 28.0 bp −$280 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 1.47 bp | 53.3 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
COPPER on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX COPPER-USD | −0.0147% | 1h | 6.7865 | +0.018% | $899 | $3K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0100% | 1h | 6.7871 | +0.027% | $10.3M | $5.9M | 20x | as long as short |
| edgeX COPPERUSDC | −0.0019% | 4h | 6.7873 | +0.029% | $93K | $316K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7894 | +0.061% | $32K | $52K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7920 | +0.099% | $8.9M | $34.9M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7823 | −0.044% | $469K | $1.2M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7790 | −0.092% | $1.3M | $522K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7910 | +0.085% | $25.6M | $4.1M | 100x | as long as short |
| Variational Omni COPPERlong | 0.0000% | 4h | 6.7853 | long leg | $752K | $1.6M | — | |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.7890 | +0.055% | $91K | $2.3M | 25x | as long as short |
SoDEX COPPER-USD
tradeXYZ xyz:COPPER
edgeX COPPERUSDC
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
GRVT COPPER_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX COPPER-USDT | 0.0000% | 4h | 6.7900 | +0.070% | — | $7.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.7890 | +0.055% | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDTshort | 0.0000% | 4h | 6.7920 | +0.099% | $4.2M | $82K | 100x | |
| BloFin COPPER-USDT | +0.0029% | 4h | 6.7920 | +0.099% | $87K | $149K | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.7979 | +0.186% | $476K | $47K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.7891 | +0.056% | $234K | $2.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7905 | +0.077% | — | $82K | 25x | as long as short |
| Bitget COPPERUSDT | +0.0050% | 4h | 6.7890 | +0.055% | $1.6M | $1.1M | 100x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7772 | −0.119% | $64K | $26K | 15x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7880 | +0.040% | $1K | $3K | 5x | as long as short |
| QFEX COPPER-USD | +0.0053% | 1h | 6.7900 | +0.070% | $1.5M | $138K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7893 | +0.059% | $23K | $16K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7780 | −0.107% | $259K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.7930 | +0.114% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7906 | +0.079% | $310 | — | 10x | as long as short |
| Phoenix COPPER | +0.0329% | 1h | 6.7910 | +0.085% | $45K | $30K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0952% | 1h | 6.7842 | −0.016% | $26K | $177K | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
BloFin COPPER-USDT
Lighter XCU
Extended XCU-USD
Vest HG-PERP
Bitget COPPERUSDT
Ondo Perps COPPER-USD.P
Paradex XCU-USD-PERP
QFEX COPPER-USD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD