Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.052%
Price spread now: Aster against Phemex+0.111%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.180%−$18 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.111% dearer against Phemex than usual: you sell high and buy low, +$11 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex COPPERUSDT | 6.7920 | 0 | get 0.0000% / 4h | 1h 06m | $4.2M | $81K | 100x |
| Short | Aster XCUUSDT | 6.7995 | 0 | get 0.0000% / 4h | 1h 06m | $32K | $36K | 50x |
Phemex COPPERUSDT
Aster XCUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phemex. 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
- $0
- Price spread: +0.111% → 0.000%
- $11.08
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$8.92
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 3 min ago; Aster: 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 Phemex live order book, 3 min ago | 1.47 bp | 56.3 bp −$56 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster no order-book sample | — | — | — | — | — |
Aster: 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:COPPER | −0.0027% | 1h | 6.7932 | +0.018% | $10.4M | $5.4M | 20x | as long as short |
| edgeX COPPERUSDC | −0.0015% | 4h | 6.7969 | +0.072% | $93K | $317K | 20x | as long as short |
| QFEX COPPER-USD | −0.0015% | 1h | 6.7980 | +0.088% | $1.5M | $135K | 20x | as long as short |
| Aster XCUUSDTshort | 0.0000% | 4h | 6.7995 | +0.111% | $32K | $36K | 50x | |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7998 | +0.116% | $9.0M | $34.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7942 | +0.032% | $466K | $1.2M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7840 | −0.118% | $1.3M | $499K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7990 | +0.103% | $27.0M | $5.1M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.7980 | +0.088% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.7966 | +0.067% | $739K | $1.6M | — | as long as short |
tradeXYZ xyz:COPPER
edgeX COPPERUSDC
QFEX COPPER-USD
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 | 6.8000 | +0.118% | $90K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7990 | +0.103% | — | $7.7M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8020 | +0.147% | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDTlong | 0.0000% | 4h | 6.7920 | long leg | $4.2M | $81K | 100x | |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.7976 | +0.083% | $176K | — | 250x | as long as short |
| BloFin COPPER-USDT | +0.0027% | 4h | 6.7940 | +0.029% | $87K | $149K | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8077 | +0.231% | $476K | $45K | 20x | as long as short |
| Extended XCU-USD | +0.0040% | 1h | 6.7986 | +0.097% | $231K | $2.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7973 | +0.078% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7990 | +0.103% | $1K | $3K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7943 | +0.034% | $900 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7927 | +0.010% | $56K | $55K | 15x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0060% | 1h | 6.7977 | +0.084% | $27K | $171K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7978 | +0.086% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7990 | +0.103% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8030 | +0.162% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7987 | +0.098% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0329% | 1h | 6.7965 | +0.066% | $45K | $30K | 20x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
gTrade (Gains Network) HG/USD
BloFin COPPER-USDT
Lighter XCU
Extended XCU-USD
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER