COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.09 per $10,000 · paid last 24h −0.005%

Price spread now: Variational Omni against BloFin−0.069%7-day average −0.021% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.014%−$1 on $10k

Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.069%, 7d avg −0.021%

Together, before fees+0.017%+ Points / potential airdropVariational Omni: Active · farm board+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.047% cheaper against BloFin than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of −0.021%). If the spread goes back, that is −$5 on $10k: about 8.9 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin COPPER-USDT	6.8150	−0.0018	get 0.0009% / 4h	1h 16m	$88K	$139K	100x
Short	Variational Omni COPPER	6.8103	0	get 0.0000% / 4h	1h 16m	$748K	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee Variational OmnibpOrdersPrice spread, now −0.069%Rate

Funding earned: $3.74
Price spread: −0.069% → −0.021%: −$4.74
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$12.99
Costs to cover: 0.120%
Break-even: 31.3 days

Slippage unknown: BloFin: live order book, 55 min ago; Variational Omni: RFQ quote, 2 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 BloFin live order book, 55 min ago	1.47 bp	7.5 bp −$7	7.9 bp −$79	36.4 bp −$3,643	111.8 bp −$55.9K
Sell Variational Omni RFQ quote, 2 min ago	2.98 bp	doesn't fit	9.2 bp −$92	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
BloFin COPPER-USDTlong	−0.0018%	4h	6.8150	long leg	$88K	$139K	100x
Aster XCUUSDT	0.0000%	4h	6.8147	−0.004%	$32K	$27K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8160	+0.014%	$9.1M	$33.9M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8095	−0.081%	$487K	$990K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7980	−0.249%	$1.3M	$523K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8140	−0.015%	$26.2M	$5.0M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8160	+0.015%	$2.9M	$2.0M	100x	as long as short
Variational Omni COPPERshort	0.0000%	4h	6.8103	−0.069%	$748K	$1.4M	—
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8100	−0.073%	$88K	$2.4M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8130	−0.029%	—	$6.4M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX COPPER-USDT	0.0000%	4h	6.8120	−0.044%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8150	0.000%	$4.2M	$82K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8102	−0.070%	$178K	—	250x	as long as short
QFEX COPPER-USD	+0.0003%	1h	6.8120	−0.044%	$1.5M	$128K	20x	as long as short
edgeX COPPERUSDC	+0.0014%	4h	6.8074	−0.112%	$94K	$319K	20x	as long as short
tradeXYZ xyz:COPPER	+0.0032%	1h	6.8120	−0.044%	$10.6M	$5.0M	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8121	−0.043%	$275K	$2.3M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8079	−0.104%	—	$82K	25x	as long as short
Phoenix COPPER	+0.0047%	1h	6.8071	−0.116%	$45K	$22K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8109	−0.061%	$1K	$2K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8107	−0.063%	$4K	$5K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8055	−0.139%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8082	−0.100%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8140	−0.015%	$278K	$37K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8190	+0.059%	$3K	—	10x	as long as short
Lighter XCU	+0.0104%	1h	6.8260	+0.161%	$477K	$42K	20x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8125	−0.037%	$311	—	10x	as long as short
Kraken Futures PF_XCUUSD	+0.0108%	1h	6.8128	−0.032%	$34K	$176K	20x	as long as short