Funding you earn now, next payment 07:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.060%
Price spread now: Extended against Bitget−0.038%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$330.329% of the position
Funding, last 7 days+0.316%+$32 on $10k
+Price spread, last 7 days+0.080%+$8 · spread now −0.038%, 7d avg +0.016%
=Together, before fees+0.396%+ Points / potential airdropExtended: Active · farm board+$40 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.054% cheaper against Bitget than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of +0.016%). If the spread goes back, that is −$5 on $10k: about 2.5 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.316% in total) that is about 29 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget COPPERUSDT | 6.8090 | 0 | get 0.0000% / 4h | 1h 01m | $2.9M | $2.0M | 100x |
| Short | Extended XCU-USD | 6.8064 | 0.0072 | get 0.0009% / 1h | 1m 34s | $272K | $2.3M | 20x |
Bitget COPPERUSDT
Extended XCU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Bitget. 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
- $15.12
- Price spread: −0.038% → +0.016%
- −$5.42
- Slippage, 4 orders
- −$15.88
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$23.18
- Costs to cover
- 0.329%
- Break-even
- 17.7 days
Slippage from Bitget: live order book, 1 min ago; Extended: live order book, 2 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 Bitget live order book, 1 min ago | 1.47 bp | 11.2 bp −$11 | 23.0 bp −$230 | 89.1 bp −$8,911 | doesn't fit |
| Sell Extended live order book, 2 min ago | 0.95 bp | 4.2 bp −$4 | 58.5 bp −$585 | 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 | 6.8084 | −0.009% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8100 | +0.015% | $9.0M | $34.1M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8050 | −0.059% | $488K | $997K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7970 | −0.176% | $1.3M | $531K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8090 | 0.000% | $26.1M | $5.0M | 100x | as long as short |
| Bitget COPPERUSDTlong | 0.0000% | 4h | 6.8090 | long leg | $2.9M | $2.0M | 100x | |
| Variational Omni COPPER | 0.0000% | 4h | 6.8113 | +0.034% | $749K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8070 | −0.029% | $86K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8090 | 0.000% | — | $6.4M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8080 | −0.015% | $61K | $24K | 75x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
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 | 6.8090 | 0.000% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8059 | −0.046% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0003% | 1h | 6.8100 | +0.015% | $1.5M | $128K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0007% | 4h | 6.8053 | −0.054% | $94K | $319K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0013% | 4h | 6.8070 | −0.029% | $88K | $143K | 100x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8058 | −0.047% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8097 | +0.010% | $45K | $22K | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8059 | −0.046% | $10.6M | $5.0M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8060 | −0.044% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8063 | −0.039% | $1K | $2K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8018 | −0.106% | $57K | $55K | 15x | as long as short |
| Extended XCU-USDshort | +0.0072% | 1h | 6.8064 | −0.038% | $272K | $2.3M | 20x | |
| Pacifica COPPER | +0.0100% | 1h | 6.8061 | −0.042% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8100 | +0.015% | $278K | $37K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8140 | +0.073% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8083 | −0.011% | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0108% | 1h | 6.8077 | −0.019% | $34K | $177K | 20x | as long as short |
| Lighter XCU | +0.0144% | 1h | 6.8217 | +0.187% | $477K | $42K | 20x | as long as short |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
edgeX COPPERUSDC
BloFin COPPER-USDT
Vest HG-PERP
Phoenix COPPER
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD
Lighter XCU