Funding you earn now, next payment 12:00 UTC+0.0079%/8h= +8.6% APRpaid last 24h +0.007%
Price spread now: tradeXYZ against Bitget+0.028%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$410.408% of the position
Funding, last 7 days+0.143%+$14 on $10k
+Price spread, last 7 days−0.038%−$4 · spread now +0.028%, 7d avg −0.020%
=Together, before fees+0.106%+ Points / potential airdroptradeXYZ: Active · farm board+$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.047% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget COPPERUSDT | 6.8560 | 0 | get 0.0000% / 4h | 57m 29s | $3.9M | $2.2M | 100x |
| Short | tradeXYZ xyz:COPPER | 6.8579 | 0.0079 | get 0.0010% / 1h | 57m 29s | $10.9M | $3.9M | 20x |
Bitget COPPERUSDT
tradeXYZ xyz:COPPERFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $16.56
- Price spread: +0.028% → −0.020%
- $4.74
- Slippage, 4 orders
- −$10.81
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$19.51
- Costs to cover
- 0.408%
- Break-even
- 15.2 days
Slippage from Bitget: live order book, 3 min ago; tradeXYZ: live order book, 4 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, 3 min ago | 0.73 bp | 10.4 bp −$10 | 20.3 bp −$203 | 74.6 bp −$7,461 | doesn't fit |
| Sell tradeXYZ live order book, 4 min ago | 0.51 bp | 10.7 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
COPPER on 28 exchanges
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 | 6.8583 | +0.034% | $35K | $31K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8588 | +0.041% | $9.1M | $32.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8534 | −0.038% | $533K | $825K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8410 | −0.219% | $1.3M | $172K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8590 | +0.044% | $26.3M | $5.6M | 100x | as long as short |
| Bitget COPPERUSDTlong | 0.0000% | 4h | 6.8560 | long leg | $3.9M | $2.2M | 100x | |
| Variational Omni COPPER | 0.0000% | 4h | 6.8587 | +0.039% | $774K | $540K | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8592 | +0.047% | $91K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8600 | +0.058% | — | $4.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8610 | +0.073% | $61K | $71K | 75x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
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 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8430 | −0.190% | $4.2M | $83K | 100x | as long as short |
| QFEX COPPER-USD | +0.0001% | 1h | 6.8560 | 0.000% | $1.5M | $151K | 20x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8564 | +0.006% | $179K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0011% | 4h | 6.8580 | +0.029% | $95K | $319K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0022% | 4h | 6.8590 | +0.044% | $90K | $155K | 100x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8534 | −0.039% | $270K | $1.7M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8542 | −0.026% | — | $36K | 25x | as long as short |
| Lighter XCU | +0.0048% | 1h | 6.8661 | +0.147% | $480K | $25K | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8572 | +0.018% | $908 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8581 | +0.030% | $2K | $825 | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8534 | −0.038% | $59K | $54K | 15x | as long as short |
| tradeXYZ xyz:COPPERshort | +0.0079% | 1h | 6.8579 | +0.028% | $10.9M | $3.9M | 20x | |
| Phoenix COPPER | +0.0093% | 1h | 6.8606 | +0.067% | $44K | $10K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8566 | +0.009% | $24K | $13K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8580 | +0.029% | $267K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8650 | +0.131% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8583 | +0.033% | $313 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0181% | 1h | 6.8571 | +0.016% | $34K | $180K | 20x | as long as short |
Phemex COPPERUSDT
QFEX COPPER-USD
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
BloFin COPPER-USDT
Extended XCU-USD
Vest HG-PERP
Lighter XCU
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Phoenix COPPER
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD