Funding you earn now, next payment 04:00 UTC−0.0150%/8h= −16.4% APRpaid last 24h −0.080%
Price spread now: BloFin against Orderly−0.132%52s7-day average — · you buy dearer than you sell
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—needs both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BloFin is 0.132% cheaper against Orderly than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 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 | Orderly PERP_COPPER_USDC_mythos | 6.8290 | 0.0100 | pay 0.0100% / 8h | 5h 27m | $3K | — | 10x |
| Short | BloFin COPPER-USDT | 6.8200 | −0.0050 | pay 0.0025% / 4h | 1h 27m | $88K | $143K | 100x |
Orderly PERP_COPPER_USDC_mythos
BloFin COPPER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Orderly. 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
- −$31.42
- Price spread: −0.132% → 0.000%
- −$13.18
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$62.6
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 9 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 Orderly no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 9 min ago | 0.73 bp | 9.7 bp −$10 | 11.7 bp −$117 | 40.3 bp −$4,032 | doesn't fit |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COPPER-USDTshort | −0.0050% | 4h | 6.8200 | −0.132% | $88K | $143K | 100x | |
| QFEX COPPER-USD | 0.0000% | 1h | 6.8230 | −0.088% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8249 | −0.061% | $32K | $21K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8250 | −0.059% | $9.1M | $32.4M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8200 | −0.132% | $470K | $945K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8060 | −0.337% | $1.3M | $491K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8250 | −0.059% | $26.1M | $4.2M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8250 | −0.059% | $1.7M | $987K | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8181 | −0.160% | $742K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8215 | −0.110% | $94K | $2.1M | 25x | 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_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX COPPER-USDT | 0.0000% | 4h | 6.8230 | −0.088% | — | $6.7M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8230 | −0.088% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8070 | −0.322% | $4.2M | $75K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8219 | −0.105% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0003% | 4h | 6.8180 | −0.161% | $94K | $320K | 20x | as long as short |
| Phoenix COPPER | +0.0012% | 1h | 6.8188 | −0.149% | $45K | $23K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8215 | −0.110% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8231 | −0.086% | $2K | $2K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8228 | −0.091% | $10.5M | $4.8M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8200 | −0.132% | $903 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8138 | −0.223% | $57K | $55K | 15x | as long as short |
| Lighter XCU | +0.0072% | 1h | 6.8338 | +0.070% | $478K | $39K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8225 | −0.095% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8210 | −0.117% | $259K | $21K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythoslong | +0.0100% | 8h | 6.8290 | long leg | $3K | — | 10x | |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8219 | −0.105% | $312 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0195% | 1h | 6.8224 | −0.097% | $32K | $176K | 20x | as long as short |
| Extended XCU-USD | +0.0680% | 1h | 6.8228 | −0.091% | $223K | $2.8M | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
Phoenix COPPER
Vest HG-PERP
Paradex XCU-USD-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD
Extended XCU-USD