Funding you earn now, next payment 05:00 UTC+0.0053%/8h= +5.8% APRpaid last 24h +0.009%
Price spread now: SunX against tradeXYZ−0.009%7-day average −0.014% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.009%, 7d avg −0.014%
=Together, before fees+0.064%+ Points / potential airdroptradeXYZ: Active · farm board+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COPPER | 6.8256 | −0.0053 | get 0.0007% / 1h | 36m 47s | $10.5M | $4.9M | 20x |
| Short | SunX COPPER-USDT | 6.8250 | 0 | get 0.0000% / 4h | 3h 36m | — | $6.6M | 20x |
tradeXYZ xyz:COPPER
SunX COPPER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against tradeXYZ. 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
- $11.18
- Price spread: −0.009% → −0.014%
- $0.55
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$14.26
- Costs to cover
- 0.260%
- Break-even
- 15.9 days
Slippage unknown: tradeXYZ: live order book, 2 min ago; SunX: live order book, 12 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 tradeXYZ live order book, 2 min ago | 0.88 bp | 12.7 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 12 min ago | 46.14 bp | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCUUSD | −0.0404% | 1h | 6.8211 | −0.065% | $34K | $176K | 20x | as long as short |
| tradeXYZ xyz:COPPERlong | −0.0053% | 1h | 6.8256 | long leg | $10.5M | $4.9M | 20x | |
| QFEX COPPER-USD | −0.0003% | 1h | 6.8250 | −0.009% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8288 | +0.047% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8278 | +0.033% | $9.1M | $33.1M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8263 | +0.010% | $481K | $962K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8120 | −0.199% | $1.3M | $498K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8270 | +0.021% | $25.7M | $4.4M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8270 | +0.021% | $2.5M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8213 | −0.063% | $742K | $1.4M | — | as long as short |
Kraken Futures PF_XCUUSD
QFEX COPPER-USD
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPERShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8239 | −0.025% | $88K | $2.2M | 25x | as long as short |
| SunX COPPER-USDTshort | 0.0000% | 4h | 6.8250 | −0.009% | — | $6.6M | 20x | |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8240 | −0.023% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8170 | −0.126% | $4.2M | $78K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8272 | +0.023% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0013% | 4h | 6.8214 | −0.061% | $95K | $318K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8372 | +0.170% | $477K | $40K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8282 | +0.039% | $265K | $2.7M | 20x | as long as short |
| BloFin COPPER-USDT | +0.0033% | 4h | 6.8260 | +0.006% | $88K | $135K | 100x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8258 | +0.003% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8257 | +0.001% | $45K | $23K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8243 | −0.019% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8255 | −0.001% | $904 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8187 | −0.101% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8253 | −0.005% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8260 | +0.006% | $291K | $32K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8320 | +0.094% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8253 | −0.005% | $312 | — | 10x | as long as short |
GRVT COPPER_USDT_Perp
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
Lighter XCU
Extended XCU-USD
BloFin COPPER-USDT
Vest HG-PERP
Phoenix COPPER
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP