Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.087%
Price spread now: MEXC against KuCoin+0.015%7-day average −0.032% · 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−$126as in the Price arb table
costs, in and out, $10k−$1311.307% of the position
Funding, last 7 days−0.508%−$51 on $10k
+Price spread, last 4 days (all we have)−0.095%−$9 · spread now +0.015%, 7d avg −0.032%
=The price spread pays, funding is against you. MEXC is 0.046% dearer against KuCoin than usual: you sell high and buy low (spread +0.015% now, against its 7-day average of −0.032%): +$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 37 hours. At the pace of the last 7 days (−0.508% in total) that is about 15 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin COPPERUSDTM | 6.8280 | 0.0100 | pay 0.0050% / 4h | 3h 05m | $278K | $35K | 50x |
| Short | MEXC COPPER_USDT | 6.8290 | 0 | get 0.0000% / 4h | 3h 05m | $26.2M | $4.5M | 100x |
KuCoin COPPERUSDTM
MEXC COPPER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: +0.015% → −0.032%
- $4.65
- Slippage, 4 orders
- −$118.68
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$147.04
- Costs to cover
- 1.307%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 66 min ago; MEXC: live order book, 3 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, 66 min ago | 9.53 bp | 53.8 bp −$54 | 679.0 bp −$6,790 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.73 bp | 0.7 bp −$1 | 1.9 bp −$19 | 11.2 bp −$1,119 | 264.6 bp −$132.3K |
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 | −0.0404% | 1h | 6.8248 | −0.047% | $35K | $176K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0050% | 1h | 6.8264 | −0.023% | $10.6M | $4.9M | 20x | as long as short |
| QFEX COPPER-USD | −0.0003% | 1h | 6.8280 | 0.000% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8300 | +0.029% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8291 | +0.016% | $9.1M | $32.9M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8249 | −0.045% | $489K | $971K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8200 | −0.117% | $1.3M | $505K | 100x | as long as short |
| MEXC COPPER_USDTshort | 0.0000% | 4h | 6.8290 | +0.015% | $26.2M | $4.5M | 100x | |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8280 | 0.000% | $2.5M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8283 | +0.004% | $740K | $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
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 | 6.8280 | 0.000% | $87K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8290 | +0.015% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8280 | 0.000% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8150 | −0.190% | $4.2M | $78K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8293 | +0.019% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0020% | 4h | 6.8251 | −0.042% | $95K | $318K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0027% | 4h | 6.8260 | −0.029% | $88K | $135K | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8401 | +0.177% | $478K | $40K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8292 | +0.018% | $268K | $2.5M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8291 | +0.016% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8278 | −0.003% | $45K | $23K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8278 | −0.003% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8265 | −0.022% | $904 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8279 | −0.001% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8292 | +0.018% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTMlong | +0.0100% | 4h | 6.8280 | long leg | $278K | $35K | 50x | |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8340 | +0.088% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8275 | −0.007% | $312 | — | 10x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
BloFin COPPER-USDT
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