Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.085%
Price spread now: MEXC against Extended+0.006%7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$110.107% of the position
Funding, last 7 days−0.366%−$37 on $10k
+Price spread, last 7 days−0.025%−$3 · spread now +0.006%, 7d avg −0.022%
=Together, before fees−0.391%+ Points / potential airdropExtended: Active · farm board−$39 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.028% dearer against Extended than usual: you sell high and buy low (spread +0.006% now, against its 7-day average of −0.022%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.9 days. At the pace of the last 7 days (−0.366% in total) that is about 13 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XCU-USD | 6.8256 | 0.0032 | pay 0.0004% / 1h | 43m 36s | $266K | $2.6M | 20x |
| Short | MEXC COPPER_USDT | 6.8260 | 0 | get 0.0000% / 4h | 3h 43m | $25.9M | $4.3M | 100x |
Extended XCU-USD
MEXC COPPER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: +0.006% → −0.022%
- $2.78
- Slippage, 4 orders
- −$5.73
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$14.67
- Costs to cover
- 0.107%
- Break-even
- never at this rate
Slippage from Extended: live order book, 5 min ago; MEXC: live order book, 5 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, 5 min ago | 1.32 bp | 4.6 bp −$5 | 57.7 bp −$577 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.73 bp | 0.7 bp −$1 | 0.7 bp −$7 | 10.0 bp −$1,004 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCUUSD | −0.0404% | 1h | 6.8211 | −0.065% | $34K | $176K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0081% | 1h | 6.8233 | −0.034% | $10.5M | $4.8M | 20x | as long as short |
| BloFin COPPER-USDT | −0.0047% | 4h | 6.8280 | +0.035% | $88K | $144K | 100x | as long as short |
| QFEX COPPER-USD | −0.0003% | 1h | 6.8250 | −0.009% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8266 | +0.015% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8260 | +0.006% | $9.1M | $33.0M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8245 | −0.016% | $481K | $961K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8060 | −0.287% | $1.3M | $497K | 100x | as long as short |
| MEXC COPPER_USDTshort | 0.0000% | 4h | 6.8260 | +0.006% | $25.9M | $4.3M | 100x | |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8240 | −0.024% | $2.5M | $1.7M | 100x | as long as short |
Kraken Futures PF_XCUUSD
tradeXYZ xyz:COPPER
BloFin COPPER-USDT
QFEX COPPER-USD
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
Bitget COPPERUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni COPPER | 0.0000% | 4h | 6.8273 | +0.025% | $743K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8269 | +0.019% | $97K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8250 | −0.009% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8300 | +0.064% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8140 | −0.170% | $4.2M | $78K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8255 | −0.002% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0020% | 4h | 6.8281 | +0.037% | $95K | $320K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8355 | +0.145% | $477K | $40K | 20x | as long as short |
| Extended XCU-USDlong | +0.0032% | 1h | 6.8256 | long leg | $266K | $2.6M | 20x | |
| Vest HG-PERP | +0.0046% | 1h | 6.8252 | −0.006% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8269 | +0.019% | $45K | $23K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8237 | −0.027% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8235 | −0.031% | $904 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8302 | +0.067% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8263 | +0.011% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8260 | +0.006% | $291K | $32K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8310 | +0.079% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8240 | −0.023% | $312 | — | 10x | as long as short |
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
Lighter XCU
Vest HG-PERP
Phoenix COPPER
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP