Funding you earn now, next payment 07:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.041%
Price spread now: Binance against gTrade (Gains Network)+0.049%7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$448as in the Price arb table
costs, in and out, $10k−$4554.554% of the position
Funding, last 1 day (all we have)−0.069%−$7 on $10k
+Price spread, last 4 days (all we have)−0.206%−$21 · spread now +0.049%, 7d avg −0.022%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.072% dearer against gTrade (Gains Network) than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.022%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) HG/USD | 6.8135 | L +0.0002% / S −0.0001% | pay 0.0000% / 1h | 52m 21s | $178K | — | 250x |
| Short | Binance COPPERUSDT | 6.8169 | 0 | get 0.0000% / 4h | 1h 52m | $9.2M | $33.6M | 100x |
gTrade (Gains Network) HG/USD
Binance COPPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against gTrade (Gains Network). 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
- −$0.4
- Price spread: +0.049% → −0.022%
- $7.16
- Slippage, 4 orders
- −$435.38
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$448.61
- Costs to cover
- 4.554%
- Break-even
- never at this rate
Slippage from gTrade (Gains Network): virtual book (oracle venue), 22 min ago; Binance: live order book, 4 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 gTrade (Gains Network) virtual book (oracle venue), 22 min ago | 130.01 bp | 229.7 bp −$230 | 1613.4 bp −$16.1K | 13153.2 bp −$1.32M | doesn't fit |
| Sell Binance live order book, 4 min ago | 0.73 bp | 6.3 bp −$6 | 10.5 bp −$105 | 76.1 bp −$7,609 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XCUUSDT | 0.0000% | 4h | 6.8160 | +0.036% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDTshort | 0.0000% | 4h | 6.8169 | +0.049% | $9.2M | $33.6M | 100x | |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8114 | −0.031% | $497K | $971K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8030 | −0.154% | $1.3M | $520K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8170 | +0.051% | $26.7M | $4.7M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8170 | +0.051% | $2.9M | $2.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8223 | +0.129% | $736K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8239 | +0.153% | $90K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8170 | +0.051% | — | $6.5M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8190 | +0.080% | $61K | $24K | 75x | as long as short |
Aster XCUUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8130 | −0.008% | $4.2M | $82K | 100x | as long as short |
| edgeX COPPERUSDC | +0.0001% | 4h | 6.8209 | +0.109% | $95K | $318K | 20x | as long as short |
| gTrade (Gains Network) HG/USDlong | L +0.0002% / S −0.0001% | 1h | 6.8135 | long leg | $178K | — | 250x | |
| QFEX COPPER-USD | +0.0003% | 1h | 6.8170 | +0.051% | $1.5M | $130K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0004% | 4h | 6.8170 | +0.051% | $88K | $139K | 100x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8145 | +0.015% | $273K | $2.4M | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0037% | 1h | 6.8121 | −0.021% | $10.6M | $5.0M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8138 | +0.004% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8186 | +0.075% | $45K | $22K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8154 | +0.027% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8123 | −0.018% | $902 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8207 | +0.105% | $57K | $55K | 15x | as long as short |
| Lighter XCU | +0.0072% | 1h | 6.8261 | +0.185% | $477K | $41K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8149 | +0.020% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8160 | +0.036% | $278K | $35K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8250 | +0.168% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8164 | +0.043% | $312 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0108% | 1h | 6.8145 | +0.014% | $34K | $176K | 20x | as long as short |
Phemex COPPERUSDT
edgeX COPPERUSDC
QFEX COPPER-USD
BloFin COPPER-USDT
Extended XCU-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