Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%
Price spread now: MEXC against Variational Omni−0.063%7-day average +0.009% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.009%−$1 on $10k
+Price spread, last 7 days+0.078%+$8 · spread now −0.063%, 7d avg +0.009%
=Together, before fees+0.069%+ Points / potential airdropVariational Omni: Active · farm board+$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.072% cheaper against Variational Omni than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni COPPER | 6.8223 | 0 | get 0.0000% / 4h | 1h 53m | $736K | $1.4M | — |
| Short | MEXC COPPER_USDT | 6.8180 | 0 | get 0.0000% / 4h | 1h 53m | $26.7M | $4.7M | 100x |
Variational Omni COPPER
MEXC COPPER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Variational Omni. 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
- $0
- Price spread: −0.063% → +0.009%
- −$7.24
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$7.24
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; MEXC: live order book, 5 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 Variational Omni RFQ quote, 1 min ago | 2.98 bp | doesn't fit | 8.5 bp −$85 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.73 bp | 0.7 bp −$1 | 2.5 bp −$25 | 11.0 bp −$1,101 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XCUUSDT | 0.0000% | 4h | 6.8162 | −0.090% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8185 | −0.056% | $9.2M | $33.6M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8124 | −0.145% | $497K | $971K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8040 | −0.268% | $1.3M | $520K | 100x | as long as short |
| MEXC COPPER_USDTshort | 0.0000% | 4h | 6.8180 | −0.063% | $26.7M | $4.7M | 100x | |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8180 | −0.063% | $2.9M | $2.0M | 100x | as long as short |
| Variational Omni COPPERlong | 0.0000% | 4h | 6.8223 | long leg | $736K | $1.4M | — | |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8262 | +0.057% | $90K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8190 | −0.048% | — | $6.5M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8250 | +0.039% | $61K | $24K | 75x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
Bitget COPPERUSDT
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8140 | −0.122% | $4.2M | $82K | 100x | as long as short |
| edgeX COPPERUSDC | +0.0001% | 4h | 6.8209 | −0.020% | $95K | $318K | 20x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8158 | −0.095% | $178K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0003% | 1h | 6.8160 | −0.092% | $1.5M | $130K | 20x | as long as short |
| Phoenix COPPER | +0.0023% | 1h | 6.8186 | −0.054% | $45K | $22K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8149 | −0.109% | $273K | $2.4M | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0037% | 1h | 6.8131 | −0.135% | $10.6M | $5.0M | 20x | as long as short |
| BloFin COPPER-USDT | +0.0040% | 4h | 6.8200 | −0.034% | $88K | $139K | 100x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8147 | −0.111% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8158 | −0.095% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8145 | −0.114% | $902 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8184 | −0.057% | $57K | $55K | 15x | as long as short |
| Lighter XCU | +0.0080% | 1h | 6.8264 | +0.060% | $477K | $41K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8149 | −0.109% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8160 | −0.092% | $278K | $35K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8250 | +0.039% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8184 | −0.058% | $312 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0107% | 1h | 6.8189 | −0.049% | $34K | $176K | 20x | as long as short |
Phemex COPPERUSDT
edgeX COPPERUSDC
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
Phoenix COPPER
Extended XCU-USD
tradeXYZ xyz:COPPER
BloFin COPPER-USDT
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD