Funding you earn now, next payment 06:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.054%
Price spread now: Binance against Vest+0.021%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Binance is 0.021% dearer against Vest than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 37 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest HG-PERP | 6.8284 | 0.0046 | pay 0.0006% / 1h | 53m 19s | — | $82K | 25x |
| Short | Binance COPPERUSDT | 6.8298 | 0 | get 0.0000% / 4h | 2h 53m | $9.1M | $33.0M | 100x |
Vest HG-PERP
Binance COPPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Vest. 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
- −$9.59
- Price spread: +0.021% → 0.000%
- $2.1
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$19.49
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; Binance: live order book, 3 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 Vest no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 3 min ago | 0.73 bp | 6.7 bp −$7 | 10.6 bp −$106 | 76.0 bp −$7,596 | doesn't fit |
Vest: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCUUSD | −0.0480% | 1h | 6.8283 | −0.001% | $35K | $176K | 20x | as long as short |
| BloFin COPPER-USDT | −0.0014% | 4h | 6.8310 | +0.038% | $88K | $138K | 100x | as long as short |
| QFEX COPPER-USD | −0.0001% | 1h | 6.8280 | −0.006% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8298 | +0.020% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDTshort | 0.0000% | 4h | 6.8298 | +0.021% | $9.1M | $33.0M | 100x | |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8272 | −0.018% | $490K | $972K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8090 | −0.284% | $1.3M | $519K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8280 | −0.006% | $26.8M | $4.6M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8290 | +0.009% | $2.5M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8293 | +0.013% | $741K | $1.4M | — | as long as short |
Kraken Futures PF_XCUUSD
BloFin COPPER-USDT
QFEX COPPER-USD
Aster XCUUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPERShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8299 | +0.022% | $94K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8290 | +0.009% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8310 | +0.038% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8140 | −0.211% | $4.2M | $79K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8288 | +0.005% | $178K | — | 250x | as long as short |
| tradeXYZ xyz:COPPER | +0.0007% | 1h | 6.8275 | −0.013% | $10.6M | $4.9M | 20x | as long as short |
| edgeX COPPERUSDC | +0.0014% | 4h | 6.8292 | +0.012% | $95K | $318K | 20x | as long as short |
| Phoenix COPPER | +0.0023% | 1h | 6.8295 | +0.016% | $45K | $23K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8394 | +0.161% | $478K | $39K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8281 | −0.004% | $271K | $2.5M | 20x | as long as short |
| Vest HG-PERPlong | +0.0046% | 1h | 6.8284 | long leg | — | $82K | 25x | |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8265 | −0.028% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8269 | −0.022% | $904 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8241 | −0.063% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8289 | +0.007% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8280 | −0.006% | $278K | $35K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8340 | +0.082% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8276 | −0.011% | $312 | — | 10x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
tradeXYZ xyz:COPPER
edgeX COPPERUSDC
Phoenix COPPER
Lighter XCU
Extended XCU-USD
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP