Funding you earn now, next payment 02:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%
Price spread now: Vest against Phemex+0.199%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Vest is 0.199% dearer against Phemex than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex COPPERUSDT | 6.7910 | 0 | get 0.0000% / 4h | 2h 56m | $4.2M | $75K | 100x |
| Short | Vest HG-PERP | 6.8045 | 0.0046 | get 0.0006% / 1h | 56m 35s | — | $82K | 25x |
Phemex COPPERUSDT
Vest HG-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- $9.59
- Price spread: +0.199% → 0.000%
- $19.88
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- $15.47
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Phemex: live order book, 2 min ago; Vest: no order-book sample. 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, 2 min ago | 0.74 bp | 74.9 bp −$75 | doesn't fit | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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 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 | −0.1013% | 1h | 6.8054 | +0.212% | $32K | $178K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0154% | 1h | 6.7996 | +0.127% | $10.4M | $5.0M | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8057 | +0.216% | $32K | $35K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8060 | +0.221% | $9.1M | $32.8M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8047 | +0.202% | $472K | $950K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7930 | +0.029% | $1.3M | $478K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8050 | +0.206% | $26.9M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8090 | +0.265% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8093 | +0.270% | $742K | $1.5M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8108 | +0.292% | $97K | $2.1M | 25x | as long as short |
Kraken Futures PF_XCUUSD
tradeXYZ xyz:COPPER
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX COPPER-USDT | 0.0000% | 4h | 6.8060 | +0.221% | — | $7.0M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8170 | +0.383% | $61K | $26K | 75x | as long as short |
| Phemex COPPERUSDTlong | 0.0000% | 4h | 6.7910 | long leg | $4.2M | $75K | 100x | |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8035 | +0.184% | $177K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0003% | 4h | 6.8090 | +0.265% | $94K | $320K | 20x | as long as short |
| QFEX COPPER-USD | +0.0006% | 1h | 6.8050 | +0.206% | $1.5M | $129K | 20x | as long as short |
| Vest HG-PERPshort | +0.0046% | 1h | 6.8045 | +0.199% | — | $82K | 25x | |
| BloFin COPPER-USDT | +0.0047% | 4h | 6.8070 | +0.236% | $87K | $149K | 100x | as long as short |
| Lighter XCU | +0.0048% | 1h | 6.8157 | +0.364% | $477K | $39K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8063 | +0.226% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8025 | +0.169% | $901 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8114 | +0.300% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8047 | +0.201% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8060 | +0.221% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8120 | +0.309% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8042 | +0.195% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0118% | 1h | 6.8107 | +0.290% | $45K | $30K | 20x | as long as short |
| Extended XCU-USD | +0.0392% | 1h | 6.8038 | +0.189% | $229K | $2.9M | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
BloFin COPPER-USDT
Lighter XCU
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Extended XCU-USD