Funding you earn now, next payment 11:00 UTC+0.0025%/8h= +2.8% APRpaid last 24h +0.067%
Price spread now: Extended against edgeX−0.067%93s7-day average +0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs$0as 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−$340.342% of the position
Funding, last 7 days+0.341%+$34 on $10k
+Price spread, last 4 days (all we have)+0.173%+$17 · spread now −0.067%, 7d avg +0.061%
=Together, before fees+0.514%+ Points / potential airdropedgeX: Active · Extended: Active · farm board+$51 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.128% cheaper against edgeX than usual: you would sell low and buy high (spread −0.067% now, against its 7-day average of +0.061%). If the spread goes back, that is −$13 on $10k: about 17 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.341% in total) that is about 2.6 days. The two prices were read 93 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 | 6.8492 | 0.0007 | pay 0.0003% / 4h | 1h 47m | $95K | $320K | 20x |
| Short | Extended XCU-USD | 6.8446 | 0.0032 | get 0.0004% / 1h | 47m 42s | $271K | $1.7M | 20x |
edgeX COPPERUSDC
Extended XCU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $5.28
- Price spread: −0.067% → +0.061%
- −$12.82
- Slippage, 4 orders
- −$20.25
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$41.78
- Costs to cover
- 0.342%
- Break-even
- 62.3 days
Slippage from edgeX: live order book, 63 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 edgeX live order book, 63 min ago | 7.32 bp | 12.9 bp −$13 | 25.2 bp −$252 | doesn't fit | doesn't fit |
| Sell Extended live order book, 4 min ago | 1.02 bp | 4.8 bp −$5 | 58.9 bp −$589 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin XCU-USDT | −0.0002% | 8h | 6.8423 | −0.101% | $49K | $302K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8479 | −0.019% | $35K | $31K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8450 | −0.061% | $9.0M | $32.0M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8420 | −0.105% | $508K | $800K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8330 | −0.237% | $1.3M | $181K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8470 | −0.032% | $26.3M | $5.5M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8450 | −0.061% | $3.6M | $1.9M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8508 | +0.023% | $775K | $538K | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8514 | +0.032% | $92K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8470 | −0.032% | — | $4.8M | 20x | as long as short |
BloFin XCU-USDT
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-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8540 | +0.070% | $61K | $71K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8380 | −0.164% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8439 | −0.077% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDClong | +0.0007% | 4h | 6.8492 | long leg | $95K | $320K | 20x | |
| QFEX COPPER-USD | +0.0011% | 1h | 6.8450 | −0.061% | $1.5M | $150K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8535 | +0.063% | $480K | $25K | 20x | as long as short |
| Extended XCU-USDshort | +0.0032% | 1h | 6.8446 | −0.067% | $271K | $1.7M | 20x | |
| Vest HG-PERP | +0.0046% | 1h | 6.8444 | −0.070% | — | $36K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8415 | −0.112% | $10.8M | $3.8M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8448 | −0.064% | $906 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8448 | −0.064% | $2K | $825 | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8531 | +0.057% | $59K | $52K | 15x | as long as short |
| Phoenix COPPER | +0.0093% | 1h | 6.8474 | −0.026% | $44K | $18K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8453 | −0.057% | $24K | $13K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8480 | −0.018% | $267K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8540 | +0.070% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8459 | −0.049% | $313 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0337% | 1h | 6.8452 | −0.058% | $34K | $180K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
Lighter XCU
Vest HG-PERP
tradeXYZ xyz:COPPER
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