COPPER

Alert

Funding spread now, next payment 14:00 UTC−0.0153%/8h

paid, last 24h−0.074%paid, last 3 days−0.106%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix COPPER	6.7979	0.0153	pay 0.0019% / 1h	30m 59s	$43K	$28K	20x
Short	Binance COPPERUSDT	6.7980	0	get 0.0000% / 4h	1h 30m	$9.2M	$31.9M	100x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee BinancebpOrdersRate

Funding earned: −$32.12
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$49.12
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Binance: live order book, 12 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.001%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Phoenix no order-book sample	—	—	—	—	—
Sell Binance live order book, 12 min ago	0.74 bp	5.7 bp −$6	8.7 bp −$87	66.4 bp −$6,641	doesn't fit

Phoenix: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX COPPERUSDC	−0.0017%	4h	$93K	$317K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	$33K	$51K	50x	as long as short
Binance COPPERUSDTshort	0.0000%	4h	$9.2M	$31.9M	100x
OKX XCU-USDT-SWAP	0.0000%	8h	$535K	$991K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	$1.3M	$508K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	$26.2M	$3.9M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	$1.7M	$972K	100x	as long as short
Variational Omni COPPER	0.0000%	4h	$807K	$1.4M	—	as long as short
SunX COPPER-USDT	0.0000%	4h	—	$7.1M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	$60K	$29K	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex COPPERUSDT	0.0000%	4h	$4.2M	$67K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	$305K	—	250x	as long as short
QFEX COPPER-USD	+0.0019%	1h	$1.5M	$48K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	—	$82K	25x	as long as short
BloFin COPPER-USDT	+0.0047%	4h	$89K	$125K	100x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	$10.5M	$5.5M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	$899	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	$62K	$13K	15x	as long as short
Paradex XCU-USD-PERP	+0.0053%	8h	$1K	$3K	5x	as long as short
Pacifica COPPER	+0.0100%	1h	$25K	$9K	10x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	$311	—	10x	as long as short
Lighter XCU	+0.0112%	1h	$476K	$38K	20x	as long as short
Extended XCU-USD	+0.0144%	1h	$337K	$2.3M	20x	as long as short
Phoenix COPPERlong	+0.0153%	1h	$43K	$28K	20x
KuCoin COPPERUSDTM	+0.0428%	4h	$261K	$8K	50x	as long as short
Kraken Futures PF_XCUUSD	+0.1448%	1h	$26K	$206K	20x	as long as short