Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.046%
Price spread now: KuCoin against Gate+0.132%7-day average +0.108% · you sell dearer than you buy
Net, funding: paid 7d − costs−$181as in the Funding arb table
Net, price: spread back to 7d avg − costs−$200as in the Price arb table
costs, in and out, $10k−$2022.023% of the position
Funding, last 7 days+0.212%+$21 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now +0.132%, 7d avg +0.108%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.024% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.108%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XCU_USDT | 6.8190 | 0 | get 0.0000% / 8h | 3h 18m | $1.3M | $505K | 100x |
| Short | KuCoin COPPERUSDTM | 6.8280 | 0.0100 | get 0.0050% / 4h | 3h 18m | $291K | $32K | 50x |
Gate XCU_USDT
KuCoin COPPERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: +0.132% → +0.108%
- $2.42
- Slippage, 4 orders
- −$175.26
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$178.84
- Costs to cover
- 2.023%
- Break-even
- 66.6 days
Slippage from Gate: live order book, 4 min ago; KuCoin: live order book, 54 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, 4 min ago | 0.73 bp | 24.8 bp −$25 | 96.8 bp −$968 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 54 min ago | 9.53 bp | 75.4 bp −$75 | 637.3 bp −$6,373 | 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 | −0.0403% | 1h | 6.8283 | +0.137% | $35K | $176K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0054% | 1h | 6.8282 | +0.135% | $10.6M | $4.9M | 20x | as long as short |
| BloFin COPPER-USDT | −0.0014% | 4h | 6.8340 | +0.220% | $88K | $136K | 100x | as long as short |
| QFEX COPPER-USD | −0.0003% | 1h | 6.8310 | +0.176% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8335 | +0.212% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8324 | +0.197% | $9.1M | $32.9M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8282 | +0.135% | $489K | $972K | 50x | as long as short |
| Gate XCU_USDTlong | 0.0000% | 8h | 6.8190 | long leg | $1.3M | $505K | 100x | |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8320 | +0.191% | $26.1M | $4.5M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8310 | +0.176% | $2.5M | $1.7M | 100x | as long as short |
Kraken Futures PF_XCUUSD
tradeXYZ xyz:COPPER
BloFin COPPER-USDT
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 | 6.8343 | +0.224% | $741K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8352 | +0.237% | $97K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8320 | +0.191% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8380 | +0.279% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8140 | −0.073% | $4.2M | $78K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8313 | +0.180% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0020% | 4h | 6.8339 | +0.218% | $95K | $319K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8421 | +0.339% | $478K | $40K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8319 | +0.189% | $266K | $2.6M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8315 | +0.183% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8350 | +0.235% | $45K | $23K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8306 | +0.170% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8281 | +0.133% | $904 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8291 | +0.148% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8321 | +0.192% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTMshort | +0.0100% | 4h | 6.8280 | +0.132% | $291K | $32K | 50x | |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8370 | +0.264% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8310 | +0.177% | $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
Lighter XCU
Extended XCU-USD
Vest HG-PERP
Phoenix COPPER
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP