Funding you earn now, next payment 04:00 UTC+0.0001%/8h= +0.2% APRpaid last 24h +0.055%
Price spread now: gTrade (Gains Network) against Binance−0.021%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$460as in the Price arb table
costs, in and out, $10k−$4554.552% of the position
Funding, last 1 day (all we have)+0.069%+$7 on $10k
+Price spread, last 4 days (all we have)+0.178%+$18 · spread now −0.021%, 7d avg +0.025%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: gTrade (Gains Network) is 0.046% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.025%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COPPERUSDT | 6.8226 | 0 | get 0.0000% / 4h | 37m 02s | $9.0M | $32.5M | 100x |
| Short | gTrade (Gains Network) HG/USD | 6.8212 | L +0.0002% / S −0.0001% | get 0.0000% / 1h | 37m 02s | $178K | — | 250x |
Binance COPPERUSDT
gTrade (Gains Network) HG/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Binance. 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
- $0.3
- Price spread: −0.021% → +0.025%
- −$4.63
- Slippage, 4 orders
- −$435.15
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$459.48
- Costs to cover
- 4.552%
- Break-even
- 10586.4 days
Slippage from Binance: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), 52 min ago.
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 Binance live order book, 5 min ago | 0.73 bp | 6.0 bp −$6 | 10.1 bp −$101 | 45.5 bp −$4,552 | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 52 min ago | 130.01 bp | 213.6 bp −$214 | 1617.5 bp −$16.2K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XCUUSDT | 0.0000% | 4h | 6.8235 | +0.014% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDTlong | 0.0000% | 4h | 6.8226 | long leg | $9.0M | $32.5M | 100x | |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8225 | −0.002% | $473K | $954K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8100 | −0.185% | $1.3M | $495K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8230 | +0.006% | $26.0M | $4.2M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8230 | +0.006% | $1.7M | $986K | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8272 | +0.068% | $743K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8300 | +0.108% | $91K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8230 | +0.006% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8270 | +0.064% | $61K | $24K | 75x | as long as short |
Aster XCUUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8150 | −0.112% | $4.2M | $76K | 100x | as long as short |
| gTrade (Gains Network) HG/USDshort | L +0.0002% / S −0.0001% | 1h | 6.8212 | −0.021% | $178K | — | 250x | |
| edgeX COPPERUSDC | +0.0003% | 4h | 6.8271 | +0.065% | $95K | $318K | 20x | as long as short |
| QFEX COPPER-USD | +0.0009% | 1h | 6.8210 | −0.024% | $1.5M | $129K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0032% | 4h | 6.8240 | +0.020% | $88K | $144K | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8345 | +0.174% | $477K | $40K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8211 | −0.022% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8226 | 0.000% | $2K | $2K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8209 | −0.025% | $10.5M | $4.8M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8217 | −0.013% | $903 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8297 | +0.104% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8246 | +0.029% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8210 | −0.024% | $258K | $21K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8300 | +0.108% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8223 | −0.004% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0164% | 1h | 6.8274 | +0.070% | $45K | $23K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0291% | 1h | 6.8210 | −0.024% | $34K | $176K | 20x | as long as short |
| Extended XCU-USD | +0.0728% | 1h | 6.8217 | −0.013% | $242K | $2.8M | 20x | as long as short |
Phemex COPPERUSDT
edgeX COPPERUSDC
QFEX COPPER-USD
BloFin COPPER-USDT
Lighter XCU
Vest HG-PERP
Paradex XCU-USD-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD
Extended XCU-USD