Funding you earn now, next payment 11:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.001%
Price spread now: Extended against KuCoin−0.048%7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1121.124% of the position
Funding, last 7 days−0.168%−$17 on $10k
+Price spread, last 4 days (all we have)+0.015%+$1 · spread now −0.048%, 7d avg +0.020%
=Together, before fees−0.153%+ Points / potential airdropExtended: Active · farm board−$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.068% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.020%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin COPPERUSDTM | 6.8460 | 0.0100 | pay 0.0050% / 4h | 1h 44m | $267K | $39K | 50x |
| Short | Extended XCU-USD | 6.8427 | 0.0032 | get 0.0004% / 1h | 44m 30s | $271K | $1.7M | 20x |
KuCoin COPPERUSDTM
Extended XCU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against KuCoin. 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
- −$14.28
- Price spread: −0.048% → +0.020%
- −$6.8
- Slippage, 4 orders
- −$95.45
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$133.52
- Costs to cover
- 1.124%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 58 min ago; Extended: live order book, 2 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 KuCoin live order book, 58 min ago | 13.16 bp | 46.6 bp −$47 | 502.6 bp −$5,026 | doesn't fit | doesn't fit |
| Sell Extended live order book, 2 min ago | 1.02 bp | 6.8 bp −$7 | 59.7 bp −$597 | doesn't fit | doesn't fit |
COPPER on 28 exchanges
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 | −0.0016% | 4h | 6.8450 | −0.015% | $89K | $158K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8459 | −0.002% | $35K | $31K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8446 | −0.020% | $9.0M | $32.0M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8370 | −0.131% | $512K | $807K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8310 | −0.219% | $1.3M | $181K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8450 | −0.015% | $26.3M | $5.6M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8420 | −0.058% | $3.7M | $2.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8428 | −0.047% | $774K | $538K | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8465 | +0.008% | $92K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8440 | −0.029% | — | $4.8M | 20x | as long as short |
BloFin COPPER-USDT
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8480 | +0.029% | $61K | $71K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8390 | −0.102% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8425 | −0.051% | $178K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0011% | 1h | 6.8420 | −0.058% | $1.5M | $150K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0011% | 4h | 6.8449 | −0.016% | $95K | $321K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8522 | +0.091% | $480K | $25K | 20x | as long as short |
| Extended XCU-USDshort | +0.0032% | 1h | 6.8427 | −0.048% | $271K | $1.7M | 20x | |
| Vest HG-PERP | +0.0046% | 1h | 6.8417 | −0.063% | — | $36K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8420 | −0.058% | $10.8M | $3.8M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8427 | −0.048% | $906 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8422 | −0.055% | $2K | $825 | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8432 | −0.041% | $59K | $52K | 15x | as long as short |
| Phoenix COPPER | +0.0093% | 1h | 6.8443 | −0.025% | $44K | $18K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8437 | −0.034% | $24K | $13K | 10x | as long as short |
| KuCoin COPPERUSDTMlong | +0.0100% | 4h | 6.8460 | long leg | $267K | $39K | 50x | |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8510 | +0.073% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8433 | −0.039% | $313 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0337% | 1h | 6.8447 | −0.019% | $34K | $180K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
edgeX COPPERUSDC
Lighter XCU
Vest HG-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Phoenix COPPER
Pacifica COPPER
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD