Funding you earn now, next payment 04:00 UTC−0.0084%/8h= −9.2% APRnext payment −$0.42 per $10,000 · paid last 24h −0.122%
Price spread now: BloFin against KuCoin+0.044%110s7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$215as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1651.647% of the position
Funding, last 7 days−0.500%−$50 on $10k
+Price spread, last 3 days (all we have)−0.074%−$7 · spread now +0.044%, 7d avg −0.024%
=The price spread pays, funding is against you. BloFin is 0.068% dearer against KuCoin than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of −0.024%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.7 days. At the pace of the last 7 days (−0.500% in total) that is about 23 hours. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin COPPERUSDTM | 6.8060 | 0.0100 | pay 0.0050% / 4h | 2h 57m | $258K | $25K | 50x |
| Short | BloFin COPPER-USDT | 6.8090 | 0.0016 | get 0.0008% / 4h | 2h 57m | $87K | $149K | 100x |
KuCoin COPPERUSDTM
BloFin COPPER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$17.66
- Price spread: +0.044% → −0.024%
- $6.78
- Slippage, 4 orders
- −$140.68
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$175.56
- Costs to cover
- 1.647%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 53 min ago; BloFin: live order book, 59 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, 53 min ago | 5.88 bp | 71.1 bp −$71 | 709.7 bp −$7,097 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 59 min ago | 1.47 bp | 7.5 bp −$7 | 8.9 bp −$89 | 37.4 bp −$3,743 | 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 | −0.1013% | 1h | 6.8054 | −0.009% | $32K | $178K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0154% | 1h | 6.8007 | −0.078% | $10.4M | $5.0M | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8075 | +0.022% | $32K | $35K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8058 | −0.004% | $9.1M | $32.8M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8041 | −0.028% | $472K | $950K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7930 | −0.191% | $1.3M | $478K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8050 | −0.015% | $26.9M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8090 | +0.044% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8093 | +0.049% | $742K | $1.5M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8108 | +0.071% | $97K | $2.1M | 25x | as long as short |
Kraken Futures PF_XCUUSD
tradeXYZ xyz:COPPER
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
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 | 6.8060 | 0.000% | — | $7.0M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8170 | +0.162% | $61K | $26K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7910 | −0.220% | $4.2M | $75K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8035 | −0.037% | $177K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0003% | 4h | 6.8090 | +0.044% | $94K | $320K | 20x | as long as short |
| QFEX COPPER-USD | +0.0006% | 1h | 6.8070 | +0.015% | $1.5M | $129K | 20x | as long as short |
| BloFin COPPER-USDTshort | +0.0016% | 4h | 6.8090 | +0.044% | $87K | $149K | 100x | |
| Vest HG-PERP | +0.0046% | 1h | 6.8045 | −0.022% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8069 | +0.013% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8025 | −0.051% | $901 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8114 | +0.079% | $57K | $55K | 15x | as long as short |
| Lighter XCU | +0.0064% | 1h | 6.8170 | +0.162% | $477K | $39K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8044 | −0.023% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTMlong | +0.0100% | 4h | 6.8060 | long leg | $258K | $25K | 50x | |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8120 | +0.088% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8042 | −0.026% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0118% | 1h | 6.8107 | +0.069% | $45K | $30K | 20x | as long as short |
| Extended XCU-USD | +0.0392% | 1h | 6.8023 | −0.055% | $229K | $2.9M | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Lighter XCU
Pacifica COPPER
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Extended XCU-USD