Funding you earn now, next payment 04:00 UTC−0.0049%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.012%
Price spread now: gTrade (Gains Network) against SoDEX+0.060%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 1 day (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. gTrade (Gains Network) is 0.060% dearer against SoDEX than usual: you sell high and buy low (spread +0.060% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX COPPER-USD | 6.8177 | 0.0050 | pay 0.0006% / 1h | 9m 48s | $903 | $3K | 20x |
| Short | gTrade (Gains Network) HG/USD | 6.8218 | L +0.0002% / S −0.0001% | get 0.0000% / 1h | 9m 48s | $178K | — | 250x |
SoDEX COPPER-USD
gTrade (Gains Network) HG/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against SoDEX. 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
- −$10.2
- Price spread: +0.060% → 0.000%
- $6.04
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$22.15
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 14 min ago. 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell gTrade (Gains Network) virtual book (oracle venue), 14 min ago | 130.00 bp | 213.6 bp −$214 | 1617.5 bp −$16.2K | doesn't fit | doesn't fit |
SoDEX: 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COPPER-USDT | −0.0025% | 4h | 6.8190 | +0.019% | $88K | $143K | 100x | as long as short |
| tradeXYZ xyz:COPPER | −0.0014% | 1h | 6.8179 | +0.003% | $10.5M | $4.8M | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8247 | +0.103% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8190 | +0.019% | $9.0M | $32.8M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8197 | +0.029% | $480K | $959K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8020 | −0.230% | $1.3M | $495K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8200 | +0.034% | $26.0M | $4.3M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8190 | +0.019% | $2.5M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8182 | +0.008% | $742K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8199 | +0.033% | $95K | $2.1M | 25x | as long as short |
BloFin COPPER-USDT
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 | 6.8190 | +0.019% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8210 | +0.048% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8140 | −0.054% | $4.2M | $77K | 100x | as long as short |
| gTrade (Gains Network) HG/USDshort | L +0.0002% / S −0.0001% | 1h | 6.8218 | +0.060% | $178K | — | 250x | |
| edgeX COPPERUSDC | +0.0007% | 4h | 6.8171 | −0.009% | $94K | $320K | 20x | as long as short |
| QFEX COPPER-USD | +0.0009% | 1h | 6.8200 | +0.034% | $1.5M | $129K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8312 | +0.198% | $477K | $40K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8227 | +0.073% | $266K | $2.7M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8218 | +0.060% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8196 | +0.028% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USDlong | +0.0050% | 1h | 6.8177 | long leg | $903 | $3K | 20x | |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8231 | +0.079% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8230 | +0.078% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8190 | +0.019% | $290K | $32K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8260 | +0.122% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8189 | +0.018% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0164% | 1h | 6.8217 | +0.059% | $45K | $23K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0291% | 1h | 6.8165 | −0.017% | $34K | $176K | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
edgeX COPPERUSDC
QFEX COPPER-USD
Lighter XCU
Extended XCU-USD
Vest HG-PERP
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD