Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.062%
Price spread now: Bitget against KuCoin+0.029%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$239as in the Funding arb table
Net, price: spread back to 7d avg − costs−$187as in the Price arb table
costs, in and out, $10k−$1921.919% of the position
Funding, last 7 days−0.470%−$47 on $10k
+Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.029%, 7d avg −0.018%
=The price spread pays, funding is against you. Bitget is 0.047% dearer against KuCoin than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of −0.018%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 7 days (−0.470% in total) that is about 17 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin COPPERUSDTM | 6.8140 | 0.0100 | pay 0.0050% / 4h | 1h 16m | $278K | $37K | 50x |
| Short | Bitget COPPERUSDT | 6.8160 | 0 | get 0.0000% / 4h | 1h 16m | $2.9M | $2.0M | 100x |
KuCoin COPPERUSDTM
Bitget COPPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against KuCoin. 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: +0.029% → −0.018%
- $4.72
- Slippage, 4 orders
- −$167.94
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$208.22
- Costs to cover
- 1.919%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 26 min ago; Bitget: live order book, 1 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 KuCoin live order book, 26 min ago | 15.41 bp | 71.7 bp −$72 | 712.3 bp −$7,123 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 0.73 bp | 10.6 bp −$11 | 27.9 bp −$279 | 95.8 bp −$9,584 | 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 | 6.8150 | +0.015% | $88K | $139K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8156 | +0.023% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8170 | +0.044% | $9.0M | $33.9M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8095 | −0.066% | $487K | $991K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7980 | −0.235% | $1.3M | $523K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8150 | +0.015% | $26.2M | $5.0M | 100x | as long as short |
| Bitget COPPERUSDTshort | 0.0000% | 4h | 6.8160 | +0.029% | $2.9M | $2.0M | 100x | |
| Variational Omni COPPER | 0.0000% | 4h | 6.8103 | −0.054% | $748K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8100 | −0.059% | $88K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8160 | +0.029% | — | $6.4M | 20x | as long as short |
BloFin COPPER-USDT
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
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 | 6.8190 | +0.073% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8170 | +0.044% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8102 | −0.055% | $178K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0003% | 1h | 6.8150 | +0.015% | $1.5M | $128K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0014% | 4h | 6.8074 | −0.097% | $94K | $319K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8111 | −0.043% | $275K | $2.3M | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0034% | 1h | 6.8118 | −0.032% | $10.6M | $5.0M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8115 | −0.037% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8071 | −0.101% | $45K | $22K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8138 | −0.003% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8110 | −0.044% | $4K | $5K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8055 | −0.125% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8125 | −0.022% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTMlong | +0.0100% | 4h | 6.8140 | long leg | $278K | $37K | 50x | |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8210 | +0.103% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8140 | 0.000% | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0108% | 1h | 6.8140 | 0.000% | $34K | $176K | 20x | as long as short |
| Lighter XCU | +0.0112% | 1h | 6.8260 | +0.176% | $477K | $42K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
edgeX COPPERUSDC
Extended XCU-USD
tradeXYZ xyz:COPPER
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
Kraken Futures PF_XCUUSD
Lighter XCU