COPPER

Alert

Funding spread now, next payment 15:00 UTC−0.0098%/8h

next payment, per $10,000−$0.12paid, last 24h+0.010%paid, last 5 days+0.113%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix COPPER	6.7827	0.0130	pay 0.0016% / 1h	38m 26s	$43K	$28K	20x
Short	Extended XCU-USD	6.7770	0.0032	get 0.0004% / 1h	38m 26s	$243K	$2.6M	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee ExtendedbpOrdersRate

Funding earned: −$20.62
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$32.62
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Extended: live order book, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.084%
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 Extended live order book, 2 min ago	4.35 bp	7.4 bp −$7	63.0 bp −$630	doesn't fit	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
BloFin COPPER-USDT	−0.0018%	4h	$90K	$130K	100x	as long as short
edgeX COPPERUSDC	−0.0014%	4h	$93K	$316K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	$32K	$52K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	$9.0M	$33.2M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	$523K	$1.0M	50x	as long as short
Gate XCU_USDT	0.0000%	8h	$1.3M	$516K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	$26.0M	$4.0M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	$1.7M	$999K	100x	as long as short
Variational Omni COPPER	0.0000%	4h	$770K	$1.5M	—	as long as short
SunX COPPER-USDT	0.0000%	4h	—	$7.8M	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
HTX COPPER-USDT	0.0000%	4h	$60K	$29K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	$4.2M	$71K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	$176K	—	250x	as long as short
QFEX COPPER-USD	+0.0016%	1h	$1.5M	$48K	20x	as long as short
Lighter XCU	+0.0032%	1h	$476K	$42K	20x	as long as short
Extended XCU-USDshort	+0.0032%	1h	$243K	$2.6M	20x
tradeXYZ xyz:COPPER	+0.0038%	1h	$10.4M	$5.6M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	—	$82K	25x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	$898	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	$63K	$14K	15x	as long as short
Paradex XCU-USD-PERP	+0.0051%	8h	$1K	$3K	5x	as long as short
Pacifica COPPER	+0.0100%	1h	$25K	$12K	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	$310	—	10x	as long as short
Phoenix COPPERlong	+0.0130%	1h	$43K	$28K	20x
Kraken Futures PF_XCUUSD	+0.0431%	1h	$26K	$195K	20x	as long as short
KuCoin COPPERUSDTM	+0.0586%	4h	$258K	$8K	50x	as long as short