Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.044%
Price spread now: Gate against Extended−0.194%7-day average −0.101% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1021.021% of the position
Funding, last 7 days−0.065%−$7 on $10k
+Price spread, last 7 days+0.095%+$9 · spread now −0.194%, 7d avg −0.101%
=Together, before fees+0.030%+ Points / potential airdropExtended: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.094% cheaper against Extended than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.101%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XCU-USD | 6.8202 | 0.0032 | pay 0.0004% / 1h | 28m 50s | $276K | $2.4M | 20x |
| Short | Gate XCU_USDT | 6.8070 | 0 | get 0.0000% / 8h | 2h 28m | $1.3M | $525K | 100x |
Extended XCU-USD
Gate XCU_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Extended. 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
- −$6.72
- Price spread: −0.194% → −0.101%
- −$9.35
- Slippage, 4 orders
- −$82.1
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$118.17
- Costs to cover
- 1.021%
- Break-even
- never at this rate
Slippage from Extended: live order book, 5 min ago; Gate: live order book, 3 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 Extended live order book, 5 min ago | 1.17 bp | 4.4 bp −$4 | 59.0 bp −$590 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 2.20 bp | 63.0 bp −$63 | 236.7 bp −$2,367 | 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 | −0.0480% | 1h | 6.8228 | +0.038% | $35K | $176K | 20x | as long as short |
| BloFin COPPER-USDT | −0.0027% | 4h | 6.8250 | +0.070% | $88K | $138K | 100x | as long as short |
| tradeXYZ xyz:COPPER | −0.0019% | 1h | 6.8191 | −0.017% | $10.6M | $4.9M | 20x | as long as short |
| QFEX COPPER-USD | −0.0001% | 1h | 6.8240 | +0.055% | $1.5M | $130K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8194 | −0.013% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8183 | −0.028% | $9.2M | $33.3M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8159 | −0.064% | $490K | $965K | 50x | as long as short |
| Gate XCU_USDTshort | 0.0000% | 8h | 6.8070 | −0.194% | $1.3M | $525K | 100x | |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8200 | −0.003% | $26.3M | $4.7M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8180 | −0.033% | $2.9M | $2.0M | 100x | as long as short |
Kraken Futures PF_XCUUSD
BloFin COPPER-USDT
tradeXYZ xyz:COPPER
QFEX COPPER-USD
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
MEXC COPPER_USDT
Bitget COPPERUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni COPPER | 0.0000% | 4h | 6.8164 | −0.056% | $739K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8190 | −0.018% | $95K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8240 | +0.055% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8200 | −0.003% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8140 | −0.091% | $4.2M | $80K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8243 | +0.059% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0005% | 4h | 6.8184 | −0.027% | $94K | $319K | 20x | as long as short |
| Phoenix COPPER | +0.0023% | 1h | 6.8192 | −0.015% | $45K | $23K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8312 | +0.161% | $477K | $40K | 20x | as long as short |
| Extended XCU-USDlong | +0.0032% | 1h | 6.8202 | long leg | $276K | $2.4M | 20x | |
| Vest HG-PERP | +0.0046% | 1h | 6.8232 | +0.043% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8188 | −0.021% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8208 | +0.008% | $903 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8222 | +0.029% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8194 | −0.013% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8180 | −0.033% | $278K | $36K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8290 | +0.129% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8223 | +0.030% | $312 | — | 10x | as long as short |
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
Phoenix COPPER
Lighter XCU
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP