Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.067%
Price spread now: MEXC against Ondo Perps+0.084%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.291%−$29 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
The price spread pays, funding is against you. MEXC is 0.084% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.084% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.5 days. At the pace of the last 7 days (−0.291% in total) that is about 2.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps COPPER-USD.P | 6.7953 | 0.0050 | pay 0.0006% / 1h | 13m 10s | $56K | $55K | 15x |
| Short | MEXC COPPER_USDT | 6.8010 | 0 | get 0.0000% / 4h | 13m 10s | $26.9M | $4.9M | 100x |
Ondo Perps COPPER-USD.P
MEXC COPPER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Ondo Perps. 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
- −$10.58
- Price spread: +0.084% → 0.000%
- $8.39
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$7.2
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; MEXC: live order book, 1 min ago. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell MEXC live order book, 1 min ago | 0.74 bp | 0.7 bp −$1 | 2.0 bp −$20 | 9.4 bp −$937 | doesn't fit |
Ondo Perps: 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 27 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX COPPERUSDC | −0.0005% | 4h | 6.8003 | +0.074% | $93K | $319K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8010 | +0.084% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8010 | +0.084% | $9.0M | $34.2M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7975 | +0.032% | $467K | $1.2M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7870 | −0.122% | $1.3M | $493K | 100x | as long as short |
| MEXC COPPER_USDTshort | 0.0000% | 4h | 6.8010 | +0.084% | $26.9M | $4.9M | 100x | |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8030 | +0.113% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.7995 | +0.062% | $739K | $1.6M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8007 | +0.080% | $90K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8010 | +0.084% | — | $7.5M | 20x | as long as short |
edgeX COPPERUSDC
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8030 | +0.113% | $60K | $27K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7940 | −0.019% | $4.2M | $79K | 100x | as long as short |
| QFEX COPPER-USD | +0.0013% | 1h | 6.7990 | +0.054% | $1.5M | $130K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8105 | +0.224% | $477K | $45K | 20x | as long as short |
| Phoenix COPPER | +0.0035% | 1h | 6.8007 | +0.079% | $45K | $30K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7974 | +0.031% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8008 | +0.081% | $1K | $3K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.7980 | +0.040% | $10.4M | $5.1M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7978 | +0.037% | $900 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.Plong | +0.0050% | 1h | 6.7953 | long leg | $56K | $55K | 15x | |
| BloFin COPPER-USDT | +0.0054% | 4h | 6.8030 | +0.113% | $87K | $149K | 100x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8008 | +0.081% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8000 | +0.069% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8040 | +0.128% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8005 | +0.077% | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0312% | 1h | 6.7983 | +0.044% | $28K | $173K | 20x | as long as short |
| Extended XCU-USD | +0.0504% | 1h | 6.7986 | +0.049% | $230K | $2.9M | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
QFEX COPPER-USD
Lighter XCU
Phoenix COPPER
Vest HG-PERP
Paradex XCU-USD-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
BloFin COPPER-USDT
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD
Extended XCU-USD