Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.085%
Price spread now: Extended against Binance−0.036%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs+$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$200.203% of the position
Funding, last 7 days+0.354%+$35 on $10k
+Price spread, last 7 days+0.067%+$7 · spread now −0.036%, 7d avg +0.019%
=Together, before fees+0.421%+ Points / potential airdropExtended: Active · farm board+$42 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.055% cheaper against Binance than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of +0.019%). If the spread goes back, that is −$6 on $10k: about 5.7 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.354% in total) that is about 26 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COPPERUSDT | 6.8130 | 0 | get 0.0000% / 4h | 1h 46m | $9.2M | $33.7M | 100x |
| Short | Extended XCU-USD | 6.8106 | 0.0032 | get 0.0004% / 1h | 46m 05s | $276K | $2.4M | 20x |
Binance COPPERUSDT
Extended XCU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Binance. 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
- $6.72
- Price spread: −0.036% → +0.019%
- −$5.51
- Slippage, 4 orders
- −$5.34
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$19.13
- Costs to cover
- 0.203%
- Break-even
- 26.9 days
Slippage from Binance: live order book, 11 min ago; Extended: live order book, 3 min ago.
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 Binance live order book, 11 min ago | 0.73 bp | 5.7 bp −$6 | 10.2 bp −$102 | 56.2 bp −$5,625 | doesn't fit |
| Sell Extended live order book, 3 min ago | 1.03 bp | 4.5 bp −$5 | 56.3 bp −$563 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COPPER-USDT | −0.0017% | 4h | 6.8130 | 0.000% | $88K | $138K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8138 | +0.012% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDTlong | 0.0000% | 4h | 6.8130 | long leg | $9.2M | $33.7M | 100x | |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8078 | −0.076% | $497K | $973K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8000 | −0.191% | $1.3M | $520K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8130 | 0.000% | $26.3M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8110 | −0.029% | $2.9M | $2.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8124 | −0.009% | $735K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8150 | +0.029% | $93K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8130 | 0.000% | — | $6.5M | 20x | as long as short |
BloFin COPPER-USDT
Aster XCUUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8130 | 0.000% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8120 | −0.015% | $4.2M | $82K | 100x | as long as short |
| edgeX COPPERUSDC | +0.0002% | 4h | 6.8124 | −0.008% | $94K | $319K | 20x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8086 | −0.065% | $178K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0003% | 1h | 6.8110 | −0.029% | $1.5M | $130K | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0012% | 1h | 6.8078 | −0.076% | $10.6M | $5.0M | 20x | as long as short |
| Extended XCU-USDshort | +0.0032% | 1h | 6.8106 | −0.036% | $276K | $2.4M | 20x | |
| Vest HG-PERP | +0.0046% | 1h | 6.8087 | −0.063% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8118 | −0.018% | $45K | $22K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8095 | −0.052% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8092 | −0.056% | $4K | $5K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8073 | −0.084% | $57K | $55K | 15x | as long as short |
| Lighter XCU | +0.0056% | 1h | 6.8225 | +0.139% | $477K | $41K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8099 | −0.045% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8120 | −0.015% | $278K | $37K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8190 | +0.088% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8111 | −0.029% | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0108% | 1h | 6.8116 | −0.021% | $34K | $176K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
edgeX COPPERUSDC
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
tradeXYZ xyz:COPPER
Vest HG-PERP
Phoenix COPPER
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