Funding you earn now, next payment 00:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.001%
Price spread now: Gate against gTrade (Gains Network)−0.139%7-day average −0.182% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$524as in the Price arb table
costs, in and out, $10k−$5295.287% of the position
Funding, last 1 day (all we have)−0.001%$0 on $10k
+Price spread, last 3 days (all we have)−0.153%−$15 · spread now −0.139%, 7d avg −0.182%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.043% dearer against gTrade (Gains Network) than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.182%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) HG/USD | 6.7944 | L +0.0002% / S −0.0001% | pay 0.0000% / 1h | 44m 20s | $176K | — | 250x |
| Short | Gate XCU_USDT | 6.7850 | 0 | get 0.0000% / 8h | 44m 20s | $1.3M | $493K | 100x |
gTrade (Gains Network) HG/USD
Gate XCU_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against gTrade (Gains Network). 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
- −$0.4
- Price spread: −0.139% → −0.182%
- $4.29
- Slippage, 4 orders
- −$503.65
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$524.76
- Costs to cover
- 5.287%
- Break-even
- never at this rate
Slippage from gTrade (Gains Network): virtual book (oracle venue), 65 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 gTrade (Gains Network) virtual book (oracle venue), 65 min ago | 130.01 bp | 229.7 bp −$230 | 1613.4 bp −$16.1K | 13153.2 bp −$1.32M | doesn't fit |
| Sell Gate live order book, 3 min ago | 1.47 bp | 48.6 bp −$49 | 296.0 bp −$2,960 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX COPPERUSDC | −0.0005% | 4h | 6.8014 | +0.103% | $93K | $318K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7985 | +0.060% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7980 | +0.053% | $9.0M | $34.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7948 | +0.006% | $467K | $1.2M | 50x | as long as short |
| Gate XCU_USDTshort | 0.0000% | 8h | 6.7850 | −0.139% | $1.3M | $493K | 100x | |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7970 | +0.038% | $26.9M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.7990 | +0.067% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.7997 | +0.077% | $739K | $1.6M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8045 | +0.149% | $89K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7980 | +0.053% | — | $7.6M | 20x | as long as short |
edgeX COPPERUSDC
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8000 | +0.082% | $60K | $27K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7910 | −0.050% | $4.2M | $80K | 100x | as long as short |
| gTrade (Gains Network) HG/USDlong | L +0.0002% / S −0.0001% | 1h | 6.7944 | long leg | $176K | — | 250x | |
| QFEX COPPER-USD | +0.0013% | 1h | 6.7980 | +0.053% | $1.5M | $131K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8062 | +0.173% | $476K | $45K | 20x | as long as short |
| Phoenix COPPER | +0.0035% | 1h | 6.8011 | +0.098% | $45K | $30K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7942 | −0.003% | — | $82K | 25x | as long as short |
| BloFin COPPER-USDT | +0.0049% | 4h | 6.8000 | +0.082% | $87K | $149K | 100x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7965 | +0.030% | $1K | $3K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.7945 | +0.001% | $10.4M | $5.4M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7951 | +0.010% | $900 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8028 | +0.123% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7972 | +0.041% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7970 | +0.038% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8040 | +0.141% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7967 | +0.034% | $311 | — | 10x | as long as short |
| Extended XCU-USD | +0.0280% | 1h | 6.7951 | +0.011% | $230K | $2.9M | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0312% | 1h | 6.7909 | −0.052% | $28K | $173K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
QFEX COPPER-USD
Lighter XCU
Phoenix COPPER
Vest HG-PERP
BloFin COPPER-USDT
Paradex XCU-USD-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Extended XCU-USD
Kraken Futures PF_XCUUSD