Funding you earn now, next payment 00:00 UTC+0.0001%/8h= +0.2% APRpaid last 24h 0.000%
Price spread now: gTrade (Gains Network) against Phemex+0.052%50s7-day average +0.076% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 1 day (all we have)0.000%$0 on $10k
+Price spread, last 3 days (all we have)+0.269%+$27 · spread now +0.052%, 7d avg +0.076%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: gTrade (Gains Network) is 0.024% cheaper against Phemex than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.076%. The two prices were read 50 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 | Phemex COPPERUSDT | 6.7900 | 0 | get 0.0000% / 4h | 36m 15s | $4.2M | $80K | 100x |
| Short | gTrade (Gains Network) HG/USD | 6.7935 | L +0.0002% / S −0.0001% | get 0.0000% / 1h | 36m 15s | $176K | — | 250x |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- $0.3
- Price spread: +0.052% → +0.076%
- −$2.43
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$24.13
- Costs to cover
- 0.220%
- Break-even
- 570.2 days
Slippage unknown: Phemex: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle venue), 8 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 Phemex live order book, 3 min ago | 0.74 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 8 min ago | 130.01 bp | 213.6 bp −$214 | 1617.5 bp −$16.2K | doesn't fit | doesn't fit |
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-USDT | −0.0046% | 4h | 6.7980 | +0.118% | $87K | $149K | 100x | as long as short |
| edgeX COPPERUSDC | −0.0002% | 4h | 6.7960 | +0.088% | $93K | $317K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7970 | +0.103% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7970 | +0.103% | $9.0M | $34.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7942 | +0.062% | $467K | $1.2M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7840 | −0.088% | $1.3M | $493K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7970 | +0.103% | $26.9M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.7970 | +0.103% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.7967 | +0.099% | $739K | $1.6M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8000 | +0.147% | $91K | $2.2M | 25x | as long as short |
BloFin COPPER-USDT
edgeX COPPERUSDC
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 | 6.7970 | +0.103% | — | $7.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8030 | +0.191% | $60K | $27K | 75x | as long as short |
| Phemex COPPERUSDTlong | 0.0000% | 4h | 6.7900 | long leg | $4.2M | $80K | 100x | |
| gTrade (Gains Network) HG/USDshort | L +0.0002% / S −0.0001% | 1h | 6.7935 | +0.052% | $176K | — | 250x | |
| QFEX COPPER-USD | +0.0013% | 1h | 6.7960 | +0.088% | $1.5M | $131K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8068 | +0.247% | $476K | $45K | 20x | as long as short |
| Phoenix COPPER | +0.0035% | 1h | 6.7964 | +0.094% | $45K | $30K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7932 | +0.047% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7967 | +0.099% | $1K | $3K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.7929 | +0.043% | $10.4M | $5.2M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7942 | +0.062% | $900 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7917 | +0.025% | $56K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7959 | +0.087% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7970 | +0.103% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8040 | +0.206% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7961 | +0.090% | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0312% | 1h | 6.7910 | +0.015% | $28K | $173K | 20x | as long as short |
| Extended XCU-USD | +0.0352% | 1h | 6.7942 | +0.062% | $230K | $2.9M | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
QFEX COPPER-USD
Lighter XCU
Phoenix COPPER
Vest HG-PERP
Paradex XCU-USD-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD
Extended XCU-USD