Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.011%
Price spread now: tradeXYZ against HTX−0.205%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.073%−$7 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. tradeXYZ is 0.205% cheaper against HTX than usual: you would sell low and buy high (spread −0.205% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 14 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.073%, 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 | HTX COPPER-USDT | 6.8240 | 0 | get 0.0000% / 4h | 1h 50m | $61K | $25K | 75x |
| Short | tradeXYZ xyz:COPPER | 6.8100 | 0.0050 | get 0.0006% / 1h | 50m 41s | $10.4M | $4.8M | 20x |
HTX COPPER-USDT
tradeXYZ xyz:COPPERFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $10.5
- Price spread: −0.205% → 0.000%
- −$20.52
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$40.02
- Costs to cover
- 0.300%
- Break-even
- 33.7 days
Slippage unknown: HTX: no order-book sample; tradeXYZ: live order book, 8 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 tradeXYZ live order book, 8 min ago | 0.07 bp | 9.7 bp −$10 | doesn't fit | 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 27 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX COPPER-USD | 0.0000% | 1h | 6.8130 | −0.161% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8142 | −0.144% | $32K | $21K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8150 | −0.132% | $9.1M | $32.4M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8115 | −0.183% | $472K | $939K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8010 | −0.337% | $1.3M | $478K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8140 | −0.147% | $26.0M | $4.2M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8170 | −0.103% | $1.7M | $998K | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8132 | −0.159% | $742K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8195 | −0.066% | $88K | $2.0M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8140 | −0.147% | — | $6.7M | 20x | as long as short |
QFEX COPPER-USD
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDTlong | 0.0000% | 4h | 6.8240 | long leg | $61K | $25K | 75x | |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7980 | −0.381% | $4.2M | $75K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8094 | −0.214% | $178K | — | 250x | as long as short |
| Phoenix COPPER | +0.0012% | 1h | 6.8168 | −0.106% | $45K | $23K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0018% | 4h | 6.8170 | −0.102% | $94K | $318K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8104 | −0.199% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8125 | −0.169% | $1K | $2K | 5x | as long as short |
| tradeXYZ xyz:COPPERshort | +0.0050% | 1h | 6.8100 | −0.205% | $10.4M | $4.8M | 20x | |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8113 | −0.186% | $902 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8139 | −0.148% | $57K | $55K | 15x | as long as short |
| Lighter XCU | +0.0056% | 1h | 6.8234 | −0.009% | $477K | $39K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8110 | −0.190% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8130 | −0.161% | $258K | $21K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8200 | −0.059% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8134 | −0.156% | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0195% | 1h | 6.8134 | −0.155% | $32K | $176K | 20x | as long as short |
| Extended XCU-USD | +0.0472% | 1h | 6.8112 | −0.188% | $224K | $2.8M | 20x | as long as short |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
Phoenix COPPER
edgeX COPPERUSDC
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD
Extended XCU-USD