Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.085%
Price spread now: Binance against Extended+0.070%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$230.228% of the position
Funding, last 7 days−0.354%−$35 on $10k
+Price spread, last 7 days−0.101%−$10 · spread now +0.070%, 7d avg −0.019%
=Together, before fees−0.455%+ Points / potential airdropExtended: Active · farm board−$46 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.089% dearer against Extended than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of −0.019%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.3 days. At the pace of the last 7 days (−0.354% in total) that is about 42 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XCU-USD | 6.8041 | 0.0032 | pay 0.0004% / 1h | 27m 21s | $275K | $2.3M | 20x |
| Short | Binance COPPERUSDT | 6.8089 | 0 | get 0.0000% / 4h | 1h 27m | $9.1M | $33.9M | 100x |
Extended XCU-USD
Binance COPPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Extended. 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
- −$6.72
- Price spread: +0.070% → −0.019%
- $8.93
- Slippage, 4 orders
- −$7.85
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$20.64
- Costs to cover
- 0.228%
- Break-even
- never at this rate
Slippage from Extended: live order book, 1 min ago; Binance: live order book, 14 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 Extended live order book, 1 min ago | 1.03 bp | 4.3 bp −$4 | 58.5 bp −$585 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.73 bp | 5.7 bp −$6 | 9.0 bp −$90 | 70.5 bp −$7,045 | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:COPPER | −0.0005% | 1h | 6.8045 | +0.006% | $10.6M | $5.0M | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8087 | +0.068% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDTshort | 0.0000% | 4h | 6.8089 | +0.070% | $9.1M | $33.9M | 100x | |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8074 | +0.048% | $493K | $981K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7960 | −0.119% | $1.3M | $523K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8090 | +0.072% | $26.2M | $5.0M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8080 | +0.057% | $2.9M | $2.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8063 | +0.032% | $734K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8090 | +0.072% | $98K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8100 | +0.087% | — | $6.4M | 20x | as long as short |
tradeXYZ xyz:COPPER
Aster XCUUSDT
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 | 6.8140 | +0.145% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8110 | +0.101% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8077 | +0.053% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0003% | 1h | 6.8080 | +0.057% | $1.5M | $129K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0003% | 4h | 6.8110 | +0.101% | $88K | $139K | 100x | as long as short |
| edgeX COPPERUSDC | +0.0010% | 4h | 6.8103 | +0.091% | $94K | $317K | 20x | as long as short |
| Extended XCU-USDlong | +0.0032% | 1h | 6.8041 | long leg | $275K | $2.3M | 20x | |
| Vest HG-PERP | +0.0046% | 1h | 6.8064 | +0.034% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8066 | +0.037% | $45K | $22K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8069 | +0.042% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8038 | −0.004% | $4K | $5K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8022 | −0.028% | $57K | $55K | 15x | as long as short |
| Lighter XCU | +0.0080% | 1h | 6.8195 | +0.226% | $477K | $42K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8064 | +0.034% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8110 | +0.101% | $278K | $37K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8140 | +0.145% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8069 | +0.041% | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0108% | 1h | 6.8053 | +0.018% | $34K | $176K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
BloFin COPPER-USDT
edgeX COPPERUSDC
Vest HG-PERP
Phoenix COPPER
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD