Funding you earn now, next payment 06:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.070%
Price spread now: Aevo against edgeX+0.037%72s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aevo is 0.037% dearer against edgeX than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 72 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 | edgeX COPPERUSDC | 6.8283 | 0.0010 | pay 0.0005% / 4h | 2h 50m | $95K | $318K | 20x |
| Short | Aevo COPPER-PERP | 6.8308 | 0.0104 | get 0.0013% / 1h | 50m 02s | $312 | — | 10x |
edgeX COPPERUSDC
Aevo COPPER-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against edgeX. 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
- $19.72
- Price spread: +0.037% → 0.000%
- $3.68
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$1.6
- Costs to cover
- 0.250%
- Break-even
- 7.6 days
Slippage unknown: edgeX: live order book, 63 min ago; Aevo: no order-book sample. Net counts fees only.
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 edgeX live order book, 63 min ago | 7.33 bp | 12.6 bp −$13 | 25.2 bp −$252 | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCUUSD | −0.0480% | 1h | 6.8319 | +0.052% | $35K | $176K | 20x | as long as short |
| QFEX COPPER-USD | −0.0001% | 1h | 6.8320 | +0.054% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8336 | +0.078% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8340 | +0.083% | $9.1M | $33.0M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8286 | +0.004% | $490K | $969K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8140 | −0.210% | $1.3M | $520K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8320 | +0.054% | $26.8M | $4.6M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8320 | +0.054% | $2.5M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8313 | +0.044% | $741K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8294 | +0.016% | $91K | $2.2M | 25x | as long as short |
Kraken Futures PF_XCUUSD
QFEX COPPER-USD
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX COPPER-USDT | 0.0000% | 4h | 6.8330 | +0.069% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8310 | +0.039% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8180 | −0.151% | $4.2M | $79K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8320 | +0.054% | $178K | — | 250x | as long as short |
| tradeXYZ xyz:COPPER | +0.0009% | 1h | 6.8302 | +0.028% | $10.6M | $4.9M | 20x | as long as short |
| edgeX COPPERUSDClong | +0.0010% | 4h | 6.8283 | long leg | $95K | $318K | 20x | |
| Phoenix COPPER | +0.0023% | 1h | 6.8295 | +0.017% | $45K | $23K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0025% | 4h | 6.8310 | +0.039% | $88K | $138K | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8429 | +0.214% | $478K | $39K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8315 | +0.047% | $275K | $2.5M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8317 | +0.050% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8315 | +0.047% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8299 | +0.023% | $904 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8310 | +0.039% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8331 | +0.070% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8310 | +0.039% | $278K | $35K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8380 | +0.142% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERPshort | +0.0104% | 1h | 6.8308 | +0.037% | $312 | — | 10x |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
tradeXYZ xyz:COPPER
Phoenix COPPER
BloFin COPPER-USDT
Lighter XCU
Extended XCU-USD
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos