Funding you earn now, next payment 04:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h −0.060%
Price spread now: edgeX against Gate+0.195%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$810.806% of the position
Funding, last 7 days−0.273%−$27 on $10k
+Price spread, last 3 days (all we have)−0.138%−$14 · spread now +0.195%, 7d avg +0.056%
=Together, before fees−0.411%+ Points / potential airdropedgeX: Active · farm board−$41 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and edgeX is 0.139% dearer against Gate than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.056%. Mind the row above: over the last 7 days funding on this pair cost −0.273%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XCU_USDT | 6.7920 | 0 | get 0.0000% / 8h | 7h 25m | $1.3M | $492K | 100x |
| Short | edgeX COPPERUSDC | 6.8053 | 0.0010 | get 0.0005% / 4h | 3h 25m | $94K | $317K | 20x |
Gate XCU_USDT
edgeX COPPERUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $2.06
- Price spread: +0.195% → +0.056%
- $13.94
- Slippage, 4 orders
- −$56.62
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$64.61
- Costs to cover
- 0.806%
- Break-even
- 226.3 days
Slippage from Gate: live order book, 2 min ago; edgeX: live order book, 48 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, 2 min ago | 1.47 bp | 33.7 bp −$34 | 102.1 bp −$1,021 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 48 min ago | 7.35 bp | 12.9 bp −$13 | 24.2 bp −$242 | 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 | −0.0448% | 1h | 6.7933 | +0.019% | $28K | $174K | 20x | as long as short |
| BloFin COPPER-USDT | −0.0003% | 4h | 6.8070 | +0.221% | $87K | $149K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8060 | +0.206% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8054 | +0.197% | $9.1M | $33.4M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8051 | +0.193% | $470K | $979K | 50x | as long as short |
| Gate XCU_USDTlong | 0.0000% | 8h | 6.7920 | long leg | $1.3M | $492K | 100x | |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8050 | +0.191% | $26.8M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8070 | +0.221% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8044 | +0.182% | $741K | $1.5M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8080 | +0.236% | $87K | $2.1M | 25x | as long as short |
Kraken Futures PF_XCUUSD
BloFin COPPER-USDT
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX COPPER-USDT | 0.0000% | 4h | 6.8050 | +0.191% | — | $7.2M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8070 | +0.221% | $60K | $26K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7910 | −0.015% | $4.2M | $77K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8034 | +0.167% | $177K | — | 250x | as long as short |
| tradeXYZ xyz:COPPER | +0.0004% | 1h | 6.7996 | +0.112% | $10.4M | $5.0M | 20x | as long as short |
| QFEX COPPER-USD | +0.0004% | 1h | 6.8040 | +0.177% | $1.5M | $136K | 20x | as long as short |
| edgeX COPPERUSDCshort | +0.0010% | 4h | 6.8053 | +0.195% | $94K | $317K | 20x | |
| Lighter XCU | +0.0032% | 1h | 6.8150 | +0.339% | $477K | $45K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8028 | +0.159% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8048 | +0.189% | $1K | $3K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8038 | +0.174% | $901 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8004 | +0.124% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8043 | +0.181% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8050 | +0.191% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8130 | +0.309% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8044 | +0.183% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0118% | 1h | 6.8029 | +0.160% | $45K | $30K | 20x | as long as short |
| Extended XCU-USD | +0.0352% | 1h | 6.8038 | +0.173% | $228K | $3.0M | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
tradeXYZ xyz:COPPER
QFEX COPPER-USD
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
Phoenix COPPER
Extended XCU-USD