Funding you earn now, next payment 23:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h +0.043%
Price spread now: tradeXYZ against Variational Omni−0.017%7-day average −0.005% · 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)+0.059%+$6 on $10k
+Price spread, last 7 days−0.020%−$2 · spread now −0.017%, 7d avg −0.005%
=Together, before fees+0.038%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.059%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni COPPER | 6.7939 | 0 | get 0.0000% / 4h | 1h 49m | $735K | $1.6M | — |
| Short | tradeXYZ xyz:COPPER | 6.7928 | −0.0054 | pay 0.0007% / 1h | 49m 09s | $10.4M | $5.8M | 20x |
Variational Omni COPPER
tradeXYZ xyz:COPPERFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$11.26
- Price spread: −0.017% → −0.005%
- −$1.18
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$30.45
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; tradeXYZ: live order book, 10 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, 5 min ago | 2.98 bp | doesn't fit | 15.9 bp −$159 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 10 min ago | 0.59 bp | 11.2 bp −$11 | doesn't fit | 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:COPPERshort | −0.0054% | 1h | 6.7928 | −0.017% | $10.4M | $5.8M | 20x | |
| QFEX COPPER-USD | −0.0015% | 1h | 6.7940 | +0.001% | $1.5M | $135K | 20x | as long as short |
| edgeX COPPERUSDC | −0.0002% | 4h | 6.7945 | +0.009% | $93K | $317K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7957 | +0.025% | $32K | $52K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7959 | +0.029% | $8.9M | $34.7M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7876 | −0.093% | $466K | $1.2M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7810 | −0.190% | $1.3M | $499K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7960 | +0.031% | $27.0M | $5.1M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.7960 | +0.031% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPERlong | 0.0000% | 4h | 6.7939 | long leg | $735K | $1.6M | — |
QFEX COPPER-USD
edgeX COPPERUSDC
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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.7950 | +0.015% | $90K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7960 | +0.031% | — | $7.7M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.7960 | +0.031% | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7940 | +0.001% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.7932 | −0.011% | $176K | — | 10x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8016 | +0.113% | $476K | $45K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.7932 | −0.011% | $229K | $2.9M | 20x | as long as short |
| BloFin COPPER-USDT | +0.0045% | 4h | 6.7940 | +0.001% | $87K | $149K | 100x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7924 | −0.022% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7953 | +0.021% | $1K | $3K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7925 | −0.021% | $899 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7989 | +0.073% | $56K | $32K | 15x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0060% | 1h | 6.7947 | +0.012% | $26K | $176K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7951 | +0.017% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7950 | +0.016% | $258K | $26K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8000 | +0.089% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7963 | +0.035% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0329% | 1h | 6.7942 | +0.004% | $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
BloFin COPPER-USDT
Vest HG-PERP
Paradex XCU-USD-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