Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.050%
Price spread now: Variational Omni against Phemex+0.049%7-day average +0.012% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.079%−$8 on $10k
+Price spread, last 4 days (all we have)+0.063%+$6 · spread now +0.049%, 7d avg +0.012%
=Together, before fees−0.016%+ Points / potential airdropVariational Omni: Active · farm board−$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.037% dearer against Phemex than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex COPPERUSDT | 6.8160 | 0 | get 0.0000% / 4h | 13m 57s | $4.2M | $77K | 100x |
| Short | Variational Omni COPPER | 6.8193 | 0 | get 0.0000% / 4h | 13m 57s | $742K | $1.4M | — |
Phemex COPPERUSDT
Variational Omni COPPERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Phemex. 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
- $0
- Price spread: +0.049% → +0.012%
- $3.69
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$8.31
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 5 min ago; Variational Omni: RFQ quote, just now. 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 Phemex live order book, 5 min ago | 0.73 bp | 53.0 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, just now | 2.98 bp | doesn't fit | 7.9 bp −$79 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XCUUSDT | 0.0000% | 4h | 6.8252 | +0.134% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8213 | +0.078% | $9.0M | $32.8M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8203 | +0.063% | $480K | $959K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8020 | −0.205% | $1.3M | $495K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8220 | +0.088% | $26.0M | $4.3M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8200 | +0.059% | $2.5M | $1.7M | 100x | as long as short |
| Variational Omni COPPERshort | 0.0000% | 4h | 6.8193 | +0.049% | $742K | $1.4M | — | |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8200 | +0.058% | $88K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8210 | +0.073% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8230 | +0.103% | $61K | $24K | 75x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex COPPERUSDTlong | 0.0000% | 4h | 6.8160 | long leg | $4.2M | $77K | 100x | |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8227 | +0.098% | $178K | — | 250x | as long as short |
| tradeXYZ xyz:COPPER | +0.0002% | 1h | 6.8190 | +0.044% | $10.5M | $4.8M | 20x | as long as short |
| QFEX COPPER-USD | +0.0009% | 1h | 6.8210 | +0.073% | $1.5M | $129K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0017% | 4h | 6.8188 | +0.041% | $94K | $319K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0030% | 4h | 6.8190 | +0.044% | $88K | $143K | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8319 | +0.233% | $477K | $40K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8220 | +0.088% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8195 | +0.052% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8197 | +0.054% | $903 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8142 | −0.026% | $57K | $55K | 15x | as long as short |
| Extended XCU-USD | +0.0080% | 1h | 6.8233 | +0.107% | $266K | $2.7M | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8220 | +0.089% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8200 | +0.059% | $290K | $32K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8260 | +0.147% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8199 | +0.057% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0164% | 1h | 6.8215 | +0.081% | $45K | $23K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0291% | 1h | 6.8162 | +0.003% | $34K | $176K | 20x | as long as short |
gTrade (Gains Network) HG/USD
tradeXYZ xyz:COPPER
QFEX COPPER-USD
edgeX COPPERUSDC
BloFin COPPER-USDT
Lighter XCU
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Extended XCU-USD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD