Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.046%
Price spread now: KuCoin against Gate+0.308%7-day average +0.108% · you sell dearer than you buy
Net, funding: paid 7d − costs−$163as in the Funding arb table
Net, price: spread back to 7d avg − costs−$164as in the Price arb table
costs, in and out, $10k−$1841.841% of the position
Funding, last 7 days+0.212%+$21 on $10k
+Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.308%, 7d avg +0.108%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.200% dearer against Gate than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.108%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XCU_USDT | 6.8150 | 0 | get 0.0000% / 8h | 2h 44m | $1.3M | $520K | 100x |
| Short | KuCoin COPPERUSDTM | 6.8360 | 0.0100 | get 0.0050% / 4h | 2h 44m | $279K | $35K | 50x |
Gate XCU_USDT
KuCoin COPPERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Gate. 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
- $21
- Price spread: +0.308% → +0.108%
- $20.01
- Slippage, 4 orders
- −$157.11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$143.1
- Costs to cover
- 1.841%
- Break-even
- 54.7 days
Slippage from Gate: live order book, 3 min ago; KuCoin: live order book, 12 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 Gate live order book, 3 min ago | 2.20 bp | 33.7 bp −$34 | 101.0 bp −$1,010 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 12 min ago | 15.37 bp | 55.1 bp −$55 | 630.4 bp −$6,304 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCUUSD | −0.0480% | 1h | 6.8362 | +0.311% | $35K | $176K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0006% | 1h | 6.8331 | +0.266% | $10.6M | $4.9M | 20x | as long as short |
| QFEX COPPER-USD | −0.0001% | 1h | 6.8340 | +0.279% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8362 | +0.311% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8362 | +0.311% | $9.2M | $33.0M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8319 | +0.248% | $490K | $971K | 50x | as long as short |
| Gate XCU_USDTlong | 0.0000% | 8h | 6.8150 | long leg | $1.3M | $520K | 100x | |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8350 | +0.293% | $26.8M | $4.6M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8350 | +0.293% | $2.5M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8353 | +0.298% | $741K | $1.4M | — | as long as short |
Kraken Futures PF_XCUUSD
tradeXYZ xyz:COPPER
QFEX COPPER-USD
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPERShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8378 | +0.334% | $91K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8360 | +0.308% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8360 | +0.308% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8200 | +0.073% | $4.2M | $79K | 100x | as long as short |
| edgeX COPPERUSDC | +0.0002% | 4h | 6.8344 | +0.284% | $95K | $319K | 20x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8358 | +0.305% | $178K | — | 250x | as long as short |
| BloFin COPPER-USDT | +0.0018% | 4h | 6.8360 | +0.308% | $88K | $138K | 100x | as long as short |
| Phoenix COPPER | +0.0023% | 1h | 6.8311 | +0.236% | $45K | $23K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8459 | +0.453% | $478K | $40K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8345 | +0.286% | $276K | $2.5M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8344 | +0.285% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8341 | +0.281% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8332 | +0.267% | $905 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8287 | +0.201% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8358 | +0.306% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTMshort | +0.0100% | 4h | 6.8360 | +0.308% | $279K | $35K | 50x | |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8420 | +0.396% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8353 | +0.298% | $312 | — | 10x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
edgeX COPPERUSDC
gTrade (Gains Network) HG/USD
BloFin COPPER-USDT
Phoenix COPPER
Lighter XCU
Extended XCU-USD
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP