COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.016%

Price spread now: Bitget against Phemex+0.044%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$172as in the Funding arb table

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$1491.494% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.222%−$22 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now +0.044%, 7d avg +0.042%

Together, before fees−0.170%−$17 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex COPPERUSDT	6.8100	0	get 0.0000% / 4h	1h 01m	$4.2M	$83K	100x
Short	Bitget COPPERUSDT	6.8130	0	get 0.0000% / 4h	1h 01m	$2.9M	$2.0M	100x

Funding history

latest

Range statsloading…

Bitget against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee PhemexbpFee BitgetbpOrdersPrice spread, now +0.044%Rate

Slippage from Phemex: live order book, 3 min ago; Bitget: live order book, 1 min ago.

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	61.5 bp −$61	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	1.47 bp	11.5 bp −$11	25.3 bp −$253	88.6 bp −$8,861	doesn't fit

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-USDT	−0.0008%	4h	6.8110	+0.015%	$88K	$143K	100x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8111	+0.016%	$32K	$27K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8128	+0.042%	$9.1M	$34.1M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8050	−0.073%	$488K	$997K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7990	−0.162%	$1.3M	$531K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8110	+0.015%	$26.1M	$5.0M	100x	as long as short
Bitget COPPERUSDTshort	0.0000%	4h	6.8130	+0.044%	$2.9M	$2.0M	100x
Variational Omni COPPER	0.0000%	4h	6.8113	+0.019%	$749K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8070	−0.044%	$86K	$2.4M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8100	0.000%	—	$6.4M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX COPPER-USDT	0.0000%	4h	6.8080	−0.029%	$61K	$24K	75x	as long as short
Phemex COPPERUSDTlong	0.0000%	4h	6.8100	long leg	$4.2M	$83K	100x
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8071	−0.043%	$177K	—	250x	as long as short
QFEX COPPER-USD	+0.0003%	1h	6.8100	0.000%	$1.5M	$128K	20x	as long as short
edgeX COPPERUSDC	+0.0007%	4h	6.8053	−0.069%	$94K	$319K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8065	−0.051%	—	$82K	25x	as long as short
Phoenix COPPER	+0.0047%	1h	6.8061	−0.057%	$45K	$22K	20x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8095	−0.007%	$10.6M	$5.0M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8076	−0.035%	$4K	$5K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8063	−0.054%	$1K	$2K	5x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8018	−0.120%	$57K	$55K	15x	as long as short
Extended XCU-USD	+0.0080%	1h	6.8078	−0.032%	$272K	$2.3M	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8061	−0.057%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8100	0.000%	$278K	$37K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8140	+0.059%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8088	−0.017%	$311	—	10x	as long as short
Kraken Futures PF_XCUUSD	+0.0108%	1h	6.8080	−0.029%	$34K	$177K	20x	as long as short
Lighter XCU	+0.0144%	1h	6.8223	+0.181%	$477K	$42K	20x	as long as short