COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h −0.068%

Price spread now: Binance against Phemex+0.015%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1051.055% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.226%−$23 on $10k

Price spread, last 1 day (all we have)0.000%$0 · spread now +0.015%, 7d avg +0.023%

Together, before fees−0.226%−$23 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex COPPERUSDT	6.7860	0	get 0.0000% / 4h	4m 54s	$4.2M	$81K	100x
Short	Binance COPPERUSDT	6.7870	0	get 0.0000% / 4h	4m 54s	$8.9M	$34.8M	100x

Funding history

latest

Range statsloading…

Binance against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee PhemexbpFee BinancebpOrdersPrice spread, now +0.015%Rate

Slippage from Phemex: live order book, 3 min ago; Binance: live order book, 11 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 3 min ago	2.95 bp	43.1 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.74 bp	5.8 bp −$6	10.0 bp −$100	93.5 bp −$9,349	doesn't fit

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 XCU-USDT	−0.0029%	8h	6.7809	−0.075%	$45K	$262K	20x	as long as short
edgeX COPPERUSDC	−0.0004%	4h	6.7880	+0.029%	$93K	$316K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.7889	+0.043%	$32K	$52K	50x	as long as short
Binance COPPERUSDTshort	0.0000%	4h	6.7870	+0.015%	$8.9M	$34.8M	100x
OKX XCU-USDT-SWAP	0.0000%	8h	6.7811	−0.072%	$473K	$1.2M	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7760	−0.147%	$1.3M	$520K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.7880	+0.029%	$25.6M	$4.1M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.7875	+0.022%	$750K	$1.6M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.7890	+0.044%	$87K	$2.1M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.7870	+0.015%	—	$7.9M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX COPPER-USDT	0.0000%	4h	6.7900	+0.059%	$60K	$28K	75x	as long as short
Phemex COPPERUSDTlong	0.0000%	4h	6.7860	long leg	$4.2M	$81K	100x
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.7829	−0.046%	$176K	—	250x	as long as short
QFEX COPPER-USD	+0.0014%	1h	6.7890	+0.044%	$1.5M	$135K	20x	as long as short
Phoenix COPPER	+0.0024%	1h	6.7900	+0.059%	$45K	$30K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.7838	−0.032%	$235K	$2.9M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.7827	−0.049%	—	$82K	25x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.7858	−0.003%	$10.4M	$5.9M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.7839	−0.031%	$898	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.7860	0.000%	$62K	$24K	15x	as long as short
Paradex XCU-USD-PERP	+0.0051%	8h	6.7858	−0.002%	$1K	$3K	5x	as long as short
Kraken Futures PF_XCUUSD	+0.0095%	1h	6.7887	+0.040%	$26K	$209K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.7871	+0.016%	$25K	$13K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.7840	−0.029%	$258K	$25K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.7970	+0.162%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.7878	+0.027%	$310	—	10x	as long as short
Bitget COPPERUSDT	+0.0110%	4h	6.7890	+0.044%	$1.7M	$1.0M	100x	as long as short
Lighter XCU	+0.0176%	1h	6.7975	+0.169%	$476K	$46K	20x	as long as short