Funding you earn now, next payment 08:00 UTC+0.0001%/8h= +0.2% APRpaid last 24h +0.041%
Price spread now: gTrade (Gains Network) against Binance−0.056%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$463as in the Price arb table
costs, in and out, $10k−$4564.557% of the position
Funding, last 1 day (all we have)+0.069%+$7 on $10k
+Price spread, last 4 days (all we have)+0.213%+$21 · spread now −0.056%, 7d avg +0.019%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: gTrade (Gains Network) is 0.075% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COPPERUSDT | 6.8300 | 0 | get 0.0000% / 4h | 10m 38s | $9.0M | $33.5M | 100x |
| Short | gTrade (Gains Network) HG/USD | 6.8262 | L +0.0002% / S −0.0001% | get 0.0000% / 1h | 10m 38s | $178K | — | 250x |
Binance COPPERUSDT
gTrade (Gains Network) HG/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- $0.3
- Price spread: −0.056% → +0.019%
- −$7.45
- Slippage, 4 orders
- −$435.72
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$462.86
- Costs to cover
- 4.557%
- Break-even
- 10690.6 days
Slippage from Binance: live order book, 1 min ago; gTrade (Gains Network): virtual book (oracle venue), 58 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, 1 min ago | 0.73 bp | 6.1 bp −$6 | 10.2 bp −$102 | 49.1 bp −$4,907 | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 58 min ago | 130.01 bp | 213.6 bp −$214 | 1617.5 bp −$16.2K | 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 | −0.0032% | 4h | 6.8320 | +0.029% | $89K | $149K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8315 | +0.021% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDTlong | 0.0000% | 4h | 6.8300 | long leg | $9.0M | $33.5M | 100x | |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8231 | −0.101% | $496K | $975K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8130 | −0.249% | $1.3M | $529K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8300 | 0.000% | $26.7M | $5.3M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8280 | −0.029% | $2.9M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8286 | −0.020% | $766K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8320 | +0.029% | $94K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8300 | 0.000% | — | $6.1M | 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 | 6.8330 | +0.044% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8170 | −0.190% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USDshort | L +0.0002% / S −0.0001% | 1h | 6.8262 | −0.056% | $178K | — | 250x | |
| edgeX COPPERUSDC | +0.0003% | 4h | 6.8215 | −0.124% | $95K | $320K | 20x | as long as short |
| QFEX COPPER-USD | +0.0017% | 1h | 6.8290 | −0.015% | $1.5M | $134K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8266 | −0.050% | — | $82K | 25x | as long as short |
| Extended XCU-USD | +0.0048% | 1h | 6.8260 | −0.058% | $274K | $2.0M | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8251 | −0.072% | $10.6M | $5.0M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8237 | −0.092% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8272 | −0.040% | $2K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8247 | −0.078% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8272 | −0.041% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8280 | −0.029% | $278K | $36K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8350 | +0.073% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8287 | −0.020% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0106% | 1h | 6.8275 | −0.037% | $45K | $22K | 20x | as long as short |
| Lighter XCU | +0.0168% | 1h | 6.8396 | +0.141% | $479K | $27K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0358% | 1h | 6.8252 | −0.071% | $34K | $178K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
edgeX COPPERUSDC
QFEX COPPER-USD
Vest HG-PERP
Extended XCU-USD
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Lighter XCU
Kraken Futures PF_XCUUSD