COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0455%/8h= −49.8% APRnext payment −$0.57 per $10,000 · paid last 24h −0.034%

Price spread now: gTrade (Gains Network) against Extended−0.010%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$456as in the Price arb table

costs, in and out, $10k−$4554.547% of the position

Long on Extended Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)−0.031%−$3 on $10k

Price spread, last 3 days (all we have)+0.036%+$4 · spread now −0.010%, 7d avg +0.004%

Together, before fees+0.005%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 1 day it paid -0.031% in total (about -9.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.57 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XCU-USD	6.8141	0.0456	pay 0.0057% / 1h	51m 56s	$224K	$2.8M	20x
Short	gTrade (Gains Network) HG/USD	6.8134	L +0.0002% / S −0.0001%	get 0.0000% / 1h	51m 56s	$178K	—	250x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 ExtendedbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.010%Rate

Funding earned: −$95.46
Price spread: −0.010% → +0.004%: −$1.39
Slippage, 4 orders: −$439.7
Fee Extended: 2.5 bp × 2 orders: −$5
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$551.55
Costs to cover: 4.547%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; gTrade (Gains Network): virtual book (oracle venue), 42 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, 2 min ago	0.07 bp	7.9 bp −$8	61.1 bp −$611	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 42 min ago	130.01 bp	213.6 bp −$214	1617.5 bp −$16.2K	doesn't fit	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	6.8180	+0.057%	$1.5M	$129K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8176	+0.051%	$32K	$21K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8180	+0.057%	$9.1M	$32.4M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8168	+0.040%	$472K	$939K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8020	−0.178%	$1.3M	$478K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8170	+0.042%	$26.0M	$4.2M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8190	+0.072%	$1.7M	$998K	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8154	+0.019%	$742K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8181	+0.058%	$88K	$2.0M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8180	+0.057%	—	$6.7M	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX COPPER-USDT	0.0000%	4h	6.8240	+0.145%	$61K	$25K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.7990	−0.222%	$4.2M	$75K	100x	as long as short
gTrade (Gains Network) HG/USDshort	L +0.0002% / S −0.0001%	1h	6.8134	−0.010%	$178K	—	250x
edgeX COPPERUSDC	+0.0007%	4h	6.8143	+0.003%	$94K	$317K	20x	as long as short
Phoenix COPPER	+0.0012%	1h	6.8168	+0.040%	$45K	$23K	20x	as long as short
Lighter XCU	+0.0040%	1h	6.8257	+0.170%	$478K	$39K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8142	+0.001%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8177	+0.053%	$1K	$2K	5x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8134	−0.010%	$10.4M	$4.8M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8141	0.000%	$902	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8107	−0.050%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8168	+0.040%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8160	+0.028%	$258K	$21K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8230	+0.131%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8167	+0.038%	$312	—	10x	as long as short
Kraken Futures PF_XCUUSD	+0.0195%	1h	6.8155	+0.021%	$32K	$176K	20x	as long as short
Extended XCU-USDlong	+0.0456%	1h	6.8141	long leg	$224K	$2.8M	20x