Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.044%
Price spread now: Gate against Extended−0.134%7-day average −0.101% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$940.939% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 7 days+0.055%+$6 · spread now −0.134%, 7d avg −0.101%
=Together, before fees−0.003%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.033% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.101%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XCU-USD | 6.8081 | 0.0032 | pay 0.0004% / 1h | 46m 37s | $276K | $2.4M | 20x |
| Short | Gate XCU_USDT | 6.7990 | 0 | get 0.0000% / 8h | 1h 46m | $1.3M | $520K | 100x |
Extended XCU-USD
Gate XCU_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.134% → −0.101%
- −$3.26
- Slippage, 4 orders
- −$73.92
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$103.9
- Costs to cover
- 0.939%
- Break-even
- never at this rate
Slippage from Extended: live order book, 2 min ago; Gate: live order book, 1 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 | 1.03 bp | 3.8 bp −$4 | 58.5 bp −$585 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 2.21 bp | 59.5 bp −$60 | 238.2 bp −$2,382 | 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-USDT | −0.0017% | 4h | 6.8130 | +0.072% | $88K | $138K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8127 | +0.067% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8129 | +0.071% | $9.2M | $33.7M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8068 | −0.019% | $497K | $973K | 50x | as long as short |
| Gate XCU_USDTshort | 0.0000% | 8h | 6.7990 | −0.134% | $1.3M | $520K | 100x | |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8120 | +0.057% | $26.3M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8110 | +0.043% | $2.9M | $2.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8124 | +0.063% | $735K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8150 | +0.101% | $93K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8120 | +0.057% | — | $6.5M | 20x | as long as short |
BloFin COPPER-USDT
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
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 | 6.8130 | +0.072% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8110 | +0.043% | $4.2M | $82K | 100x | as long as short |
| edgeX COPPERUSDC | +0.0002% | 4h | 6.8124 | +0.064% | $94K | $319K | 20x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8093 | +0.018% | $178K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0003% | 1h | 6.8110 | +0.043% | $1.5M | $130K | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0014% | 1h | 6.8064 | −0.025% | $10.6M | $5.0M | 20x | as long as short |
| Extended XCU-USDlong | +0.0032% | 1h | 6.8081 | long leg | $276K | $2.4M | 20x | |
| Vest HG-PERP | +0.0046% | 1h | 6.8090 | +0.013% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8118 | +0.054% | $45K | $22K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8095 | +0.020% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8070 | −0.016% | $4K | $5K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8073 | −0.012% | $57K | $55K | 15x | as long as short |
| Lighter XCU | +0.0056% | 1h | 6.8216 | +0.198% | $477K | $41K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8099 | +0.027% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8110 | +0.043% | $278K | $37K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8200 | +0.175% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8107 | +0.038% | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0108% | 1h | 6.8099 | +0.027% | $34K | $176K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
edgeX COPPERUSDC
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
tradeXYZ xyz:COPPER
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