Funding you earn now, next payment 09:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.057%
Price spread now: Extended against BloFin−0.026%7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs+$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$230.232% of the position
Funding, last 7 days+0.326%+$33 on $10k
+Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.026%, 7d avg +0.040%
=Together, before fees+0.395%+ Points / potential airdropExtended: Active · farm board+$39 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.067% cheaper against BloFin than usual: you would sell low and buy high (spread −0.026% now, against its 7-day average of +0.040%). If the spread goes back, that is −$7 on $10k: about 16 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.326% in total) that is about 34 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin COPPER-USDT | 6.8230 | 0.0018 | pay 0.0009% / 4h | 3h 18m | $89K | $149K | 100x |
| Short | Extended XCU-USD | 6.8212 | 0.0032 | get 0.0004% / 1h | 18m 56s | $273K | $1.8M | 20x |
BloFin COPPER-USDT
Extended XCU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against BloFin. 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
- $2.91
- Price spread: −0.026% → +0.040%
- −$6.66
- Slippage, 4 orders
- −$6.19
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$26.94
- Costs to cover
- 0.232%
- Break-even
- 71.8 days
Slippage from BloFin: live order book, 38 min ago; Extended: 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 BloFin live order book, 38 min ago | 0.73 bp | 8.0 bp −$8 | 11.7 bp −$117 | 35.0 bp −$3,500 | doesn't fit |
| Sell Extended live order book, 4 min ago | 0.51 bp | 4.1 bp −$4 | 63.6 bp −$636 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XCUUSDT | 0.0000% | 4h | 6.8265 | +0.051% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8250 | +0.029% | $9.1M | $33.4M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8178 | −0.076% | $496K | $988K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8080 | −0.220% | $1.3M | $510K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8240 | +0.015% | $26.2M | $5.8M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8240 | +0.015% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8185 | −0.066% | $763K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8180 | −0.073% | $91K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8240 | +0.015% | — | $5.7M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8180 | −0.073% | $61K | $26K | 75x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
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 | 6.8210 | −0.029% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8191 | −0.056% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0016% | 4h | 6.8160 | −0.102% | $94K | $319K | 20x | as long as short |
| BloFin COPPER-USDTlong | +0.0018% | 4h | 6.8230 | long leg | $89K | $149K | 100x | |
| QFEX COPPER-USD | +0.0018% | 1h | 6.8200 | −0.044% | $1.5M | $142K | 20x | as long as short |
| Extended XCU-USDshort | +0.0032% | 1h | 6.8212 | −0.026% | $273K | $1.8M | 20x | |
| Vest HG-PERP | +0.0046% | 1h | 6.8197 | −0.048% | — | $82K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8188 | −0.062% | $10.8M | $4.1M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8200 | −0.044% | $903 | $6K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8133 | −0.142% | $57K | $53K | 15x | as long as short |
| Paradex XCU-USD-PERP | +0.0051% | 8h | 6.8195 | −0.052% | $2K | $1K | 5x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0076% | 1h | 6.8215 | −0.022% | $34K | $178K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8211 | −0.028% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8220 | −0.015% | $266K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8290 | +0.088% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8216 | −0.021% | $312 | — | 10x | as long as short |
| Lighter XCU | +0.0128% | 1h | 6.8328 | +0.144% | $478K | $27K | 20x | as long as short |
| Phoenix COPPER | +0.0129% | 1h | 6.8137 | −0.136% | $45K | $22K | 20x | as long as short |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
Vest HG-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Paradex XCU-USD-PERP
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Lighter XCU
Phoenix COPPER