Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.024%
Price spread now: Binance against Bitget+0.013%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$340.344% of the position
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 7 days−0.015%−$2 · spread now +0.013%, 7d avg −0.004%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget COPPERUSDT | 6.8220 | 0 | get 0.0000% / 4h | 1h 56m | $2.9M | $2.0M | 100x |
| Short | Binance COPPERUSDT | 6.8229 | 0 | get 0.0000% / 4h | 1h 56m | $9.2M | $33.5M | 100x |
Bitget COPPERUSDT
Binance COPPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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: +0.013% → −0.004%
- $1.64
- Slippage, 4 orders
- −$12.44
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$32.8
- Costs to cover
- 0.344%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; Binance: live order book, 15 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 Bitget live order book, 1 min ago | 1.47 bp | 12.8 bp −$13 | 27.3 bp −$273 | 79.4 bp −$7,938 | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.73 bp | 5.7 bp −$6 | 10.6 bp −$106 | 73.3 bp −$7,330 | 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 | 6.8209 | −0.016% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDTshort | 0.0000% | 4h | 6.8229 | +0.013% | $9.2M | $33.5M | 100x | |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8174 | −0.067% | $498K | $973K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8080 | −0.205% | $1.3M | $519K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8220 | 0.000% | $26.7M | $4.7M | 100x | as long as short |
| Bitget COPPERUSDTlong | 0.0000% | 4h | 6.8220 | long leg | $2.9M | $2.0M | 100x | |
| Variational Omni COPPER | 0.0000% | 4h | 6.8222 | +0.003% | $739K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8240 | +0.029% | $93K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8230 | +0.015% | — | $6.5M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8250 | +0.044% | $61K | $24K | 75x | as long as short |
Aster XCUUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Variational Omni COPPER
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 | 6.8150 | −0.103% | $4.2M | $81K | 100x | as long as short |
| edgeX COPPERUSDC | +0.0001% | 4h | 6.8219 | −0.001% | $95K | $320K | 20x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8182 | −0.056% | $178K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0003% | 1h | 6.8220 | 0.000% | $1.5M | $130K | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0023% | 1h | 6.8176 | −0.064% | $10.6M | $5.0M | 20x | as long as short |
| Phoenix COPPER | +0.0023% | 1h | 6.8193 | −0.040% | $45K | $22K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0030% | 4h | 6.8220 | 0.000% | $88K | $140K | 100x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8186 | −0.050% | $273K | $2.4M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8188 | −0.047% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8203 | −0.025% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8169 | −0.075% | $903 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8184 | −0.053% | $57K | $55K | 15x | as long as short |
| Lighter XCU | +0.0056% | 1h | 6.8300 | +0.117% | $477K | $41K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8192 | −0.040% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8200 | −0.029% | $278K | $35K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8290 | +0.103% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8211 | −0.013% | $312 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0107% | 1h | 6.8230 | +0.014% | $35K | $176K | 20x | as long as short |
Phemex COPPERUSDT
edgeX COPPERUSDC
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
tradeXYZ xyz:COPPER
Phoenix COPPER
BloFin COPPER-USDT
Extended XCU-USD
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