Funding you earn now, next payment 09:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h +0.015%
Price spread now: Extended against Pacifica−0.060%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropPacifica: Active · Extended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.060% cheaper against Pacifica than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica COPPER | 6.8059 | 0.0100 | pay 0.0013% / 1h | 32m 37s | $23K | $14K | 10x |
| Short | Extended XCU-USD | 6.8019 | 0.0032 | get 0.0004% / 1h | 32m 37s | $273K | $1.9M | 20x |
Pacifica COPPER
Extended XCU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Pacifica. 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
- −$14.28
- Price spread: −0.060% → 0.000%
- −$6
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$33.28
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Pacifica: no order-book sample; Extended: live order book, 6 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 Pacifica no order-book sample | — | — | — | — | — |
| Sell Extended live order book, 6 min ago | 0.37 bp | 5.5 bp −$6 | 60.0 bp −$600 | doesn't fit | doesn't fit |
Pacifica: 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 | 6.8073 | +0.020% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8068 | +0.012% | $9.0M | $33.8M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8006 | −0.079% | $495K | $989K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7950 | −0.161% | $1.3M | $509K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8060 | +0.001% | $26.4M | $5.7M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8050 | −0.014% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8024 | −0.052% | $759K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8070 | +0.015% | $93K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8060 | +0.001% | — | $5.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8010 | −0.073% | $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 | 6.8060 | +0.001% | $4.2M | $83K | 100x | as long as short |
| edgeX COPPERUSDC | +0.0001% | 4h | 6.8040 | −0.028% | $94K | $320K | 20x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8012 | −0.069% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0018% | 1h | 6.8060 | +0.001% | $1.5M | $140K | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0026% | 1h | 6.8021 | −0.057% | $10.7M | $4.3M | 20x | as long as short |
| Extended XCU-USDshort | +0.0032% | 1h | 6.8019 | −0.060% | $273K | $1.9M | 20x | |
| BloFin COPPER-USDT | +0.0044% | 4h | 6.8070 | +0.015% | $89K | $149K | 100x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8023 | −0.054% | — | $82K | 25x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8021 | −0.057% | $901 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8038 | −0.032% | $1K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8006 | −0.079% | $57K | $53K | 15x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0076% | 1h | 6.8043 | −0.025% | $34K | $178K | 20x | as long as short |
| Lighter XCU | +0.0088% | 1h | 6.8156 | +0.142% | $477K | $27K | 20x | as long as short |
| Pacifica COPPERlong | +0.0100% | 1h | 6.8059 | long leg | $23K | $14K | 10x | |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8060 | +0.001% | $265K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8140 | +0.118% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8061 | +0.003% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0129% | 1h | 6.8070 | +0.015% | $45K | $22K | 20x | as long as short |
Phemex COPPERUSDT
edgeX COPPERUSDC
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
tradeXYZ xyz:COPPER
BloFin COPPER-USDT
Vest HG-PERP
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Kraken Futures PF_XCUUSD
Lighter XCU
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER