COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0051%/8h= −5.6% APRnext payment −$0.25 per $10,000 · paid last 24h +0.028%

Price spread now: Bitget against BloFin−0.015%95s7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.372% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.015%, 7d avg +0.006%

Together, before fees+0.022%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.020% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.006%). Swap the legs. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin COPPER-USDT	6.8200	0.0051	pay 0.0025% / 4h	15m 36s	$88K	$143K	100x
Short	Bitget COPPERUSDT	6.8190	0	get 0.0000% / 4h	15m 36s	$2.5M	$1.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee BitgetbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$10.69
Price spread: −0.015% → +0.006%: −$2.05
Slippage, 4 orders: −$13.19
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$49.93
Costs to cover: 0.372%
Break-even: never at this rate

Slippage from BloFin: live order book, 14 min ago; Bitget: live order book, 2 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 BloFin live order book, 14 min ago	1.47 bp	7.5 bp −$7	9.9 bp −$99	39.0 bp −$3,898	101.5 bp −$50.8K
Sell Bitget live order book, 2 min ago	0.73 bp	11.1 bp −$11	29.9 bp −$299	92.9 bp −$9,286	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	6.8214	+0.021%	$32K	$27K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8193	−0.010%	$9.0M	$32.8M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8203	+0.004%	$480K	$959K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8020	−0.264%	$1.3M	$495K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8180	−0.029%	$26.0M	$4.3M	100x	as long as short
Bitget COPPERUSDTshort	0.0000%	4h	6.8190	−0.015%	$2.5M	$1.7M	100x
Variational Omni COPPER	0.0000%	4h	6.8193	−0.010%	$742K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8200	0.000%	$88K	$2.1M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8200	0.000%	—	$6.6M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8240	+0.059%	$61K	$24K	75x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex COPPERUSDT	0.0000%	4h	6.8150	−0.073%	$4.2M	$77K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8213	+0.018%	$178K	—	250x	as long as short
tradeXYZ xyz:COPPER	+0.0009%	1h	6.8152	−0.070%	$10.5M	$4.8M	20x	as long as short
QFEX COPPER-USD	+0.0009%	1h	6.8180	−0.029%	$1.5M	$129K	20x	as long as short
edgeX COPPERUSDC	+0.0017%	4h	6.8188	−0.017%	$94K	$319K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8287	+0.128%	$477K	$40K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8211	+0.016%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8175	−0.037%	$1K	$2K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8180	−0.029%	$903	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8142	−0.085%	$57K	$55K	15x	as long as short
BloFin COPPER-USDTlong	+0.0051%	4h	6.8200	long leg	$88K	$143K	100x
Pacifica COPPER	+0.0100%	1h	6.8198	−0.003%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8160	−0.059%	$290K	$32K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8260	+0.088%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8193	−0.010%	$312	—	10x	as long as short
Extended XCU-USD	+0.0136%	1h	6.8197	−0.004%	$263K	$2.7M	20x	as long as short
Phoenix COPPER	+0.0164%	1h	6.8210	+0.015%	$45K	$23K	20x	as long as short
Kraken Futures PF_XCUUSD	+0.0291%	1h	6.8164	−0.052%	$34K	$176K	20x	as long as short