Funding you earn now, next payment 03:00 UTC−0.0424%/8h= −46.4% APRpaid last 24h −0.053%
Price spread now: Bitget against Extended+0.070%7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$350.355% of the position
Funding, last 7 days−0.319%−$32 on $10k
+Price spread, last 4 days (all we have)−0.140%−$14 · spread now +0.070%, 7d avg −0.042%
=Together, before fees−0.459%+ Points / potential airdropExtended: Active · farm board−$46 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.112% dearer against Extended than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of −0.042%): +$11 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.319% in total) that is about 2.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XCU-USD | 6.8132 | 0.0424 | pay 0.0053% / 1h | 54m 49s | $224K | $2.8M | 20x |
| Short | Bitget COPPERUSDT | 6.8180 | 0 | get 0.0000% / 4h | 1h 54m | $1.7M | $1.0M | 100x |
Extended XCU-USD
Bitget COPPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$89.04
- Price spread: +0.070% → −0.042%
- $11.23
- Slippage, 4 orders
- −$18.49
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$113.3
- Costs to cover
- 0.355%
- Break-even
- never at this rate
Slippage from Extended: live order book, 4 min ago; Bitget: 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 Extended live order book, 4 min ago | 0.07 bp | 9.4 bp −$9 | 62.3 bp −$623 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 1.47 bp | 11.1 bp −$11 | 27.9 bp −$279 | 99.9 bp −$9,989 | doesn't fit |
COPPER on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX COPPER-USD | 0.0000% | 1h | 6.8130 | −0.003% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8172 | +0.059% | $32K | $21K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8170 | +0.056% | $9.1M | $32.4M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8107 | −0.037% | $474K | $935K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8020 | −0.164% | $1.3M | $478K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8150 | +0.026% | $26.0M | $4.2M | 100x | as long as short |
| Bitget COPPERUSDTshort | 0.0000% | 4h | 6.8180 | +0.070% | $1.7M | $1.0M | 100x | |
| Variational Omni COPPER | 0.0000% | 4h | 6.8154 | +0.032% | $742K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8181 | +0.071% | $88K | $2.0M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8140 | +0.012% | — | $6.8M | 20x | as long as short |
QFEX COPPER-USD
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8180 | +0.070% | $61K | $25K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7980 | −0.223% | $4.2M | $75K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8103 | −0.042% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0014% | 4h | 6.8151 | +0.027% | $94K | $317K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8236 | +0.153% | $477K | $39K | 20x | as long as short |
| Phoenix COPPER | +0.0035% | 1h | 6.8154 | +0.032% | $45K | $23K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8106 | −0.038% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8128 | −0.006% | $1K | $2K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8125 | −0.010% | $10.4M | $4.8M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8113 | −0.028% | $902 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8107 | −0.037% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8115 | −0.025% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8150 | +0.026% | $258K | $20K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8190 | +0.085% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8125 | −0.010% | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0195% | 1h | 6.8129 | −0.005% | $32K | $176K | 20x | as long as short |
| Extended XCU-USDlong | +0.0424% | 1h | 6.8132 | long leg | $224K | $2.8M | 20x |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
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