Funding you earn now, next payment 00:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h +0.092%
Price spread now: Extended against edgeX−0.062%73s7-day average +0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$370.368% of the position
Funding, last 7 days+0.348%+$35 on $10k
+Price spread, last 3 days (all we have)+0.157%+$16 · spread now −0.062%, 7d avg +0.067%
=Together, before fees+0.505%+ Points / potential airdropedgeX: Active · Extended: Active · farm board+$50 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.129% cheaper against edgeX than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of +0.067%). If the spread goes back, that is −$13 on $10k: about 30 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.348% in total) that is about 2.6 days. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX COPPERUSDC | 6.7988 | −0.0020 | get 0.0010% / 4h | 40m 24s | $93K | $319K | 20x |
| Short | Extended XCU-USD | 6.7946 | 0.0320 | get 0.0040% / 1h | 40m 24s | $230K | $2.9M | 20x |
edgeX COPPERUSDC
Extended XCU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against edgeX. 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
- $71.36
- Price spread: −0.062% → +0.067%
- −$12.93
- Slippage, 4 orders
- −$22.75
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $21.68
- Costs to cover
- 0.368%
- Break-even
- 4.9 days
Slippage from edgeX: live order book, 38 min ago; Extended: live order book, 3 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 edgeX live order book, 38 min ago | 7.36 bp | 13.0 bp −$13 | 24.4 bp −$244 | doesn't fit | doesn't fit |
| Sell Extended live order book, 3 min ago | 0.44 bp | 3.6 bp −$4 | 59.1 bp −$591 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX COPPERUSDClong | −0.0020% | 4h | 6.7988 | long leg | $93K | $319K | 20x | |
| Aster XCUUSDT | 0.0000% | 4h | 6.7983 | −0.008% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7971 | −0.025% | $9.0M | $34.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7942 | −0.068% | $467K | $1.2M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7850 | −0.203% | $1.3M | $493K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7970 | −0.027% | $26.9M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.7980 | −0.012% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.7967 | −0.032% | $739K | $1.6M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8000 | +0.017% | $91K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7970 | −0.027% | — | $7.6M | 20x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8030 | +0.062% | $60K | $27K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7900 | −0.130% | $4.2M | $80K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.7937 | −0.076% | $176K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0013% | 1h | 6.7980 | −0.012% | $1.5M | $131K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0029% | 4h | 6.7980 | −0.012% | $87K | $149K | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8063 | +0.110% | $476K | $45K | 20x | as long as short |
| Phoenix COPPER | +0.0035% | 1h | 6.7964 | −0.036% | $45K | $30K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7939 | −0.072% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7977 | −0.016% | $1K | $3K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.7936 | −0.077% | $10.4M | $5.4M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7941 | −0.069% | $900 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7930 | −0.086% | $56K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7980 | −0.012% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7970 | −0.027% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8030 | +0.062% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7966 | −0.032% | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0312% | 1h | 6.7909 | −0.116% | $28K | $173K | 20x | as long as short |
| Extended XCU-USDshort | +0.0320% | 1h | 6.7946 | −0.062% | $230K | $2.9M | 20x |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
BloFin COPPER-USDT
Lighter XCU
Phoenix COPPER
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
Kraken Futures PF_XCUUSD