COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h +0.012%

Price spread now: SoDEX against gTrade (Gains Network)−0.050%54s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. SoDEX is 0.050% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.050% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 3.5 days of funding at the current rate (+$1 a day). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) HG/USD	6.8211	L +0.0002% / S −0.0001%	pay 0.0000% / 1h	7m 24s	$178K	—	250x
Short	SoDEX COPPER-USD	6.8177	0.0050	get 0.0006% / 1h	7m 24s	$903	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 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 gTrade (Gains Network)bpFee SoDEXbpOrdersPrice spread, now −0.050%Rate

Funding earned: $10.1
Price spread: −0.050% → 0.000%: −$4.98
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$12.88
Costs to cover: 0.180%
Break-even: 15.9 days

Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 17 min ago; SoDEX: no order-book sample. Net counts fees only.

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), 17 min ago	130.00 bp	229.7 bp −$230	1613.4 bp −$16.1K	13153.3 bp −$1.32M	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0039%	4h	6.8190	−0.031%	$88K	$143K	100x	as long as short
tradeXYZ xyz:COPPER	−0.0025%	1h	6.8169	−0.062%	$10.5M	$4.8M	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8240	+0.042%	$32K	$27K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8192	−0.027%	$9.0M	$32.8M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8197	−0.021%	$480K	$959K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8020	−0.280%	$1.3M	$495K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8190	−0.031%	$26.0M	$4.3M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8190	−0.031%	$2.5M	$1.7M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8182	−0.042%	$742K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8200	−0.016%	$95K	$2.1M	25x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX COPPER-USDT	0.0000%	4h	6.8190	−0.031%	—	$6.6M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8210	−0.001%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8150	−0.089%	$4.2M	$77K	100x	as long as short
gTrade (Gains Network) HG/USDlong	L +0.0002% / S −0.0001%	1h	6.8211	long leg	$178K	—	250x
QFEX COPPER-USD	+0.0009%	1h	6.8200	−0.016%	$1.5M	$129K	20x	as long as short
edgeX COPPERUSDC	+0.0011%	4h	6.8184	−0.040%	$94K	$318K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8311	+0.147%	$477K	$40K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8222	+0.015%	$266K	$2.7M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8216	+0.007%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8200	−0.017%	$2K	$2K	5x	as long as short
SoDEX COPPER-USDshort	+0.0050%	1h	6.8177	−0.050%	$903	$3K	20x
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8210	−0.001%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8228	+0.025%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8180	−0.045%	$290K	$32K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8250	+0.057%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8183	−0.041%	$312	—	10x	as long as short
Phoenix COPPER	+0.0164%	1h	6.8215	+0.006%	$45K	$23K	20x	as long as short
Kraken Futures PF_XCUUSD	+0.0291%	1h	6.8152	−0.086%	$34K	$176K	20x	as long as short