Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.044%
Price spread now: Extended against HTX+0.016%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.106%+$11 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX COPPER-USDT | 6.8340 | 0 | get 0.0000% / 4h | 3h 20m | $61K | $24K | 75x |
| Short | Extended XCU-USD | 6.8351 | 0.0032 | get 0.0004% / 1h | 20m 44s | $266K | $2.6M | 20x |
HTX COPPER-USDT
Extended XCU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against HTX. 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: +0.016% → 0.000%
- $1.57
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$8.71
- Costs to cover
- 0.170%
- Break-even
- 16.1 days
Slippage unknown: HTX: no order-book sample; Extended: live order book, 3 min ago. Net counts fees only.
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 HTX no order-book sample | — | — | — | — | — |
| Sell Extended live order book, 3 min ago | 0.44 bp | 3.6 bp −$4 | 61.5 bp −$615 | doesn't fit | doesn't fit |
HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 6.8331 | −0.014% | $35K | $176K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0048% | 1h | 6.8310 | −0.044% | $10.6M | $4.9M | 20x | as long as short |
| QFEX COPPER-USD | −0.0003% | 1h | 6.8330 | −0.015% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8361 | +0.031% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8360 | +0.029% | $9.1M | $32.9M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8323 | −0.025% | $490K | $971K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8220 | −0.176% | $1.3M | $505K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8350 | +0.015% | $26.2M | $4.5M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8340 | 0.000% | $2.5M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8343 | +0.004% | $741K | $1.4M | — | as long as short |
Kraken Futures PF_XCUUSD
tradeXYZ xyz:COPPER
QFEX COPPER-USD
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPERShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8320 | −0.029% | $87K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8350 | +0.015% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDTlong | 0.0000% | 4h | 6.8340 | long leg | $61K | $24K | 75x | |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8200 | −0.205% | $4.2M | $78K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8345 | +0.007% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0005% | 4h | 6.8312 | −0.041% | $95K | $318K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8446 | +0.155% | $478K | $40K | 20x | as long as short |
| Extended XCU-USDshort | +0.0032% | 1h | 6.8351 | +0.016% | $266K | $2.6M | 20x | |
| Vest HG-PERP | +0.0046% | 1h | 6.8342 | +0.003% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8321 | −0.028% | $45K | $23K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0050% | 4h | 6.8340 | 0.000% | $88K | $136K | 100x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8329 | −0.017% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8320 | −0.029% | $905 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8273 | −0.098% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8345 | +0.007% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8280 | −0.088% | $291K | $32K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8390 | +0.073% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8341 | +0.002% | $312 | — | 10x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
Lighter XCU
Vest HG-PERP
Phoenix COPPER
BloFin COPPER-USDT
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP