Funding you earn now, next payment 04:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.42 per $10,000 · paid last 24h +0.122%
Price spread now: KuCoin against edgeX−0.024%68s7-day average +0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as 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−$1751.746% of the position
Funding, last 7 days+0.504%+$50 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.024%, 7d avg +0.043%
=Together, before fees+0.543%+ Points / potential airdropedgeX: Active · farm board+$54 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.067% cheaper against edgeX than usual: you would sell low and buy high (spread −0.024% now, against its 7-day average of +0.043%). If the spread goes back, that is −$7 on $10k: about 2.7 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.504% in total) that is about 22 hours. The two prices were read 68 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 | 6.7986 | 0.0016 | pay 0.0008% / 4h | 2h 36m | $94K | $317K | 20x |
| Short | KuCoin COPPERUSDTM | 6.7970 | 0.0100 | get 0.0050% / 4h | 2h 36m | $258K | $25K | 50x |
edgeX COPPERUSDC
KuCoin COPPERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $17.62
- Price spread: −0.024% → +0.043%
- −$6.7
- Slippage, 4 orders
- −$153.58
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$163.66
- Costs to cover
- 1.746%
- Break-even
- 72.0 days
Slippage from edgeX: live order book, 32 min ago; KuCoin: live order book, 74 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, 32 min ago | 7.34 bp | 13.1 bp −$13 | 26.7 bp −$267 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 74 min ago | 5.88 bp | 77.6 bp −$78 | 646.4 bp −$6,464 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCUUSD | −0.1015% | 1h | 6.7921 | −0.096% | $32K | $176K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0138% | 1h | 6.7907 | −0.117% | $10.4M | $4.8M | 20x | as long as short |
| BloFin COPPER-USDT | −0.0051% | 4h | 6.8050 | +0.094% | $88K | $144K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7947 | −0.058% | $32K | $35K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7957 | −0.043% | $9.1M | $32.3M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7933 | −0.078% | $472K | $939K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7800 | −0.274% | $1.3M | $478K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7940 | −0.068% | $26.0M | $5.0M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.7960 | −0.039% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.7974 | −0.017% | $741K | $1.4M | — | as long as short |
Kraken Futures PF_XCUUSD
tradeXYZ xyz:COPPER
BloFin COPPER-USDT
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPERShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8012 | +0.038% | $95K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7950 | −0.053% | — | $6.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.7980 | −0.009% | $61K | $26K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7900 | −0.127% | $4.2M | $74K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.7945 | −0.062% | $176K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0006% | 1h | 6.7950 | −0.053% | $1.5M | $129K | 20x | as long as short |
| edgeX COPPERUSDClong | +0.0016% | 4h | 6.7986 | long leg | $94K | $317K | 20x | |
| Phoenix COPPER | +0.0035% | 1h | 6.7970 | −0.024% | $45K | $30K | 20x | as long as short |
| Lighter XCU | +0.0040% | 1h | 6.8049 | +0.092% | $476K | $39K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7939 | −0.070% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7946 | −0.059% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7918 | −0.101% | $899 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7902 | −0.124% | $56K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7937 | −0.073% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTMshort | +0.0100% | 4h | 6.7970 | −0.024% | $258K | $25K | 50x | |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8000 | +0.020% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7929 | −0.084% | $311 | — | 10x | as long as short |
| Extended XCU-USD | +0.0416% | 1h | 6.7932 | −0.081% | $230K | $2.9M | 20x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
Phoenix COPPER
Lighter XCU
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Extended XCU-USD