Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.021%
Price spread now: Binance against Gate+0.162%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$910.910% of the position
Funding, last 7 days−0.268%−$27 on $10k
+Price spread, last 7 days−0.099%−$10 · spread now +0.162%, 7d avg +0.084%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.078% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.084%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XCU_USDT | 6.7950 | 0 | get 0.0000% / 8h | 7h 33m | $1.3M | $509K | 100x |
| Short | Binance COPPERUSDT | 6.8060 | 0 | get 0.0000% / 4h | 3h 33m | $9.0M | $33.8M | 100x |
Gate XCU_USDT
Binance COPPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- Price spread: +0.162% → +0.084%
- $7.79
- Slippage, 4 orders
- −$66.01
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$83.22
- Costs to cover
- 0.910%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; Binance: live order book, 8 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 Gate live order book, 3 min ago | 0.74 bp | 31.5 bp −$31 | 103.6 bp −$1,036 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.73 bp | 6.7 bp −$7 | 11.2 bp −$112 | 69.1 bp −$6,909 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COPPER-USDT | −0.0018% | 4h | 6.8070 | +0.177% | $88K | $149K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8068 | +0.174% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDTshort | 0.0000% | 4h | 6.8060 | +0.162% | $9.0M | $33.8M | 100x | |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8008 | +0.085% | $495K | $989K | 50x | as long as short |
| Gate XCU_USDTlong | 0.0000% | 8h | 6.7950 | long leg | $1.3M | $509K | 100x | |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8060 | +0.162% | $26.4M | $5.7M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8050 | +0.147% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8024 | +0.109% | $759K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8120 | +0.250% | $93K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8090 | +0.206% | — | $5.9M | 20x | as long as short |
BloFin COPPER-USDT
Aster XCUUSDT
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 | 6.8010 | +0.088% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8050 | +0.147% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8003 | +0.078% | $177K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0009% | 4h | 6.8102 | +0.224% | $94K | $319K | 20x | as long as short |
| QFEX COPPER-USD | +0.0018% | 1h | 6.8040 | +0.132% | $1.5M | $140K | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0019% | 1h | 6.8011 | +0.090% | $10.7M | $4.3M | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8021 | +0.105% | $273K | $1.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7994 | +0.065% | — | $82K | 25x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8055 | +0.155% | $901 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8022 | +0.105% | $1K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8006 | +0.082% | $57K | $53K | 15x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0076% | 1h | 6.8034 | +0.124% | $34K | $178K | 20x | as long as short |
| Lighter XCU | +0.0080% | 1h | 6.8145 | +0.287% | $477K | $27K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8049 | +0.146% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8050 | +0.147% | $265K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8150 | +0.294% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8086 | +0.200% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0129% | 1h | 6.8036 | +0.127% | $45K | $22K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
tradeXYZ xyz:COPPER
Extended XCU-USD
Vest HG-PERP
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Kraken Futures PF_XCUUSD
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER