Funding you earn now, next payment 03:00 UTC+0.0114%/8h= +12.4% APRnext payment +$0.14 per $10,000 · paid last 24h +0.016%
Price spread now: Phoenix against Ondo Perps+0.107%108s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phoenix is 0.107% dearer against Ondo Perps than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 108 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 | Ondo Perps COPPER-USD.P | 6.8142 | 0.0050 | pay 0.0006% / 1h | 13m 40s | $57K | $55K | 15x |
| Short | Phoenix COPPER | 6.8215 | 0.0164 | get 0.0020% / 1h | 13m 40s | $45K | $23K | 20x |
Ondo Perps COPPER-USD.P
Phoenix COPPERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Ondo Perps. 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
- $23.85
- Price spread: +0.107% → 0.000%
- $10.71
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $22.56
- Costs to cover
- 0.120%
- Break-even
- 0.4 days
Slippage unknown: Ondo Perps: no order-book sample; Phoenix: no order-book sample. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Ondo Perps and Phoenix: 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XCUUSDT | 0.0000% | 4h | 6.8253 | +0.164% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8212 | +0.103% | $9.0M | $32.8M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8203 | +0.090% | $480K | $959K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8020 | −0.179% | $1.3M | $495K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8210 | +0.100% | $26.0M | $4.3M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8210 | +0.100% | $2.5M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8193 | +0.075% | $742K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8200 | +0.085% | $88K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8210 | +0.100% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8230 | +0.129% | $61K | $24K | 75x | as long as short |
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-USDT
HTX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8160 | +0.026% | $4.2M | $77K | 100x | as long as short |
| tradeXYZ xyz:COPPER | +0.0001% | 1h | 6.8188 | +0.068% | $10.5M | $4.8M | 20x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8227 | +0.124% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0007% | 4h | 6.8171 | +0.042% | $94K | $320K | 20x | as long as short |
| QFEX COPPER-USD | +0.0009% | 1h | 6.8210 | +0.100% | $1.5M | $129K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0030% | 4h | 6.8190 | +0.070% | $88K | $143K | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8319 | +0.260% | $477K | $40K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8220 | +0.114% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8211 | +0.101% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8197 | +0.081% | $903 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.Plong | +0.0050% | 1h | 6.8142 | long leg | $57K | $55K | 15x | |
| Extended XCU-USD | +0.0080% | 1h | 6.8233 | +0.134% | $266K | $2.7M | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8231 | +0.131% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8200 | +0.085% | $290K | $32K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8260 | +0.173% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8199 | +0.083% | $312 | — | 10x | as long as short |
| Phoenix COPPERshort | +0.0164% | 1h | 6.8215 | +0.107% | $45K | $23K | 20x | |
| Kraken Futures PF_XCUUSD | +0.0291% | 1h | 6.8162 | +0.030% | $34K | $176K | 20x | as long as short |
Phemex COPPERUSDT
tradeXYZ xyz:COPPER
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
BloFin COPPER-USDT
Lighter XCU
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Extended XCU-USD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD