Funding you earn now, next payment 05:00 UTC−0.0104%/8h= −11.3% APRpaid last 24h −0.019%
Price spread now: tradeXYZ against Paradex+0.025%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropParadex: Active · tradeXYZ: Active · farm boardneeds both histories
The price spread pays, funding is against you. tradeXYZ is 0.025% dearer against Paradex than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 19 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex XCU-USD-PERP | 6.8243 | 0.0050 | pay 0.0050% / 8h | 3h 37m | $2K | $2K | 5x |
| Short | tradeXYZ xyz:COPPER | 6.8260 | −0.0054 | pay 0.0007% / 1h | 37m 06s | $10.6M | $4.9M | 20x |
Paradex XCU-USD-PERP
tradeXYZ xyz:COPPERFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Paradex. 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
- −$21.74
- Price spread: +0.025% → 0.000%
- $2.49
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$41.25
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; tradeXYZ: live order book, 2 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 Paradex no order-book sample | — | — | — | — | — |
| Sell tradeXYZ live order book, 2 min ago | 0.88 bp | 10.9 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
Paradex: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCUUSD | −0.0404% | 1h | 6.8211 | −0.046% | $34K | $176K | 20x | as long as short |
| tradeXYZ xyz:COPPERshort | −0.0054% | 1h | 6.8260 | +0.025% | $10.6M | $4.9M | 20x | |
| QFEX COPPER-USD | −0.0003% | 1h | 6.8250 | +0.010% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8282 | +0.057% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8278 | +0.051% | $9.1M | $33.1M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8266 | +0.034% | $481K | $962K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8100 | −0.210% | $1.3M | $498K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8270 | +0.040% | $25.7M | $4.4M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8270 | +0.040% | $2.5M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8213 | −0.044% | $742K | $1.4M | — | as long as short |
Kraken Futures PF_XCUUSD
QFEX COPPER-USD
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_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 | 6.8239 | −0.006% | $88K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8250 | +0.010% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8240 | −0.004% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8170 | −0.107% | $4.2M | $78K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8272 | +0.042% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0013% | 4h | 6.8214 | −0.042% | $95K | $318K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8372 | +0.189% | $477K | $40K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8282 | +0.058% | $265K | $2.7M | 20x | as long as short |
| BloFin COPPER-USDT | +0.0033% | 4h | 6.8260 | +0.025% | $88K | $135K | 100x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8258 | +0.022% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8257 | +0.021% | $45K | $23K | 20x | as long as short |
| Paradex XCU-USD-PERPlong | +0.0050% | 8h | 6.8243 | long leg | $2K | $2K | 5x | |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8255 | +0.018% | $904 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8187 | −0.082% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8253 | +0.014% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8260 | +0.025% | $291K | $32K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8320 | +0.113% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8253 | +0.014% | $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
Lighter XCU
Extended XCU-USD
BloFin COPPER-USDT
Vest HG-PERP
Phoenix COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP