Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.50 per $10,000 · paid last 24h +0.116%
Price spread now: KuCoin against Binance+0.013%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$165as in the Price arb table
costs, in and out, $10k−$1621.618% of the position
Funding, last 7 days+0.508%+$51 on $10k
+Price spread, last 2 days (all we have)+0.065%+$7 · spread now +0.013%, 7d avg +0.048%
=Funding pays, the price is against you. KuCoin is 0.035% cheaper against Binance than usual: you would sell low and buy high (spread +0.013% now, against its 7-day average of +0.048%). If the spread goes back, that is −$3 on $10k: about 28 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.508% in total) that is about 12 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COPPERUSDT | 6.8031 | 0 | get 0.0000% / 4h | 3h 23m | $9.0M | $33.4M | 100x |
| Short | KuCoin COPPERUSDTM | 6.8040 | 0.0100 | get 0.0050% / 4h | 3h 23m | $258K | $25K | 50x |
Binance COPPERUSDT
KuCoin COPPERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: +0.013% → +0.048%
- −$3.49
- Slippage, 4 orders
- −$139.84
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$144.34
- Costs to cover
- 1.618%
- Break-even
- 55.1 days
Slippage from Binance: live order book, 3 min ago; KuCoin: live order book, 26 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, 3 min ago | 0.74 bp | 6.3 bp −$6 | 11.8 bp −$118 | 55.6 bp −$5,557 | doesn't fit |
| Sell KuCoin live order book, 26 min ago | 5.88 bp | 77.6 bp −$78 | 646.4 bp −$6,464 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCUUSD | −0.0448% | 1h | 6.7931 | −0.148% | $28K | $174K | 20x | as long as short |
| BloFin COPPER-USDT | −0.0005% | 4h | 6.8070 | +0.057% | $87K | $149K | 100x | as long as short |
| tradeXYZ xyz:COPPER | −0.0002% | 1h | 6.7975 | −0.083% | $10.4M | $5.0M | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8035 | +0.005% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDTlong | 0.0000% | 4h | 6.8031 | long leg | $9.0M | $33.4M | 100x | |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8051 | +0.029% | $470K | $980K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7910 | −0.179% | $1.3M | $492K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8030 | −0.002% | $26.8M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8050 | +0.027% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8044 | +0.018% | $741K | $1.5M | — | as long as short |
Kraken Futures PF_XCUUSD
BloFin COPPER-USDT
tradeXYZ xyz:COPPER
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 | 6.8080 | +0.071% | $87K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8030 | −0.002% | — | $7.2M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8070 | +0.057% | $60K | $26K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7910 | −0.179% | $4.2M | $77K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8018 | −0.020% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0004% | 1h | 6.8030 | −0.002% | $1.5M | $136K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0010% | 4h | 6.8053 | +0.031% | $94K | $317K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8138 | +0.157% | $477K | $45K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8019 | −0.018% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8046 | +0.021% | $1K | $3K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8019 | −0.018% | $901 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8004 | −0.040% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8042 | +0.015% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTMshort | +0.0100% | 4h | 6.8040 | +0.013% | $258K | $25K | 50x | |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8100 | +0.101% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8031 | 0.000% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0118% | 1h | 6.8029 | −0.004% | $45K | $30K | 20x | as long as short |
| Extended XCU-USD | +0.0336% | 1h | 6.8009 | −0.034% | $231K | $3.0M | 20x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
edgeX COPPERUSDC
Lighter XCU
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Extended XCU-USD