COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.02 per $10,000 · paid last 24h +0.006%

Price spread now: Pacifica against Phoenix+0.036%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 5 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 · farm boardneeds both histories

The price spread pays, funding is against you. Pacifica is 0.036% dearer against Phoenix than usual: you sell high and buy low (spread +0.036% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix COPPER	6.8491	0.0117	pay 0.0015% / 1h	54m 55s	$44K	$18K	20x
Short	Pacifica COPPER	6.8516	0.0100	get 0.0013% / 1h	54m 55s	$24K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee PacificabpOrdersPrice spread, now +0.036%Rate

Funding earned: −$3.59
Price spread: +0.036% → 0.000%: $3.6
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$14.98
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Pacifica: 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 Phoenix no order-book sample	—	—	—	—	—
Sell Pacifica no order-book sample	—	—	—	—	—

Phoenix and 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 exchanges

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 XCU-USDT	−0.0022%	8h	6.8470	−0.031%	$48K	$302K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8518	+0.040%	$35K	$31K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8520	+0.042%	$9.0M	$32.0M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8478	−0.019%	$509K	$816K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8330	−0.235%	$1.3M	$181K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8520	+0.042%	$26.3M	$5.5M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8520	+0.042%	$3.1M	$1.7M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8508	+0.024%	$775K	$538K	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8517	+0.039%	$92K	$2.3M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8540	+0.072%	—	$4.8M	20x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX COPPER-USDT	0.0000%	4h	6.8530	+0.057%	$61K	$71K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8340	−0.220%	$4.2M	$82K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8473	−0.027%	$179K	—	250x	as long as short
edgeX COPPERUSDC	+0.0010%	4h	6.8498	+0.011%	$95K	$319K	20x	as long as short
QFEX COPPER-USD	+0.0011%	1h	6.8510	+0.028%	$1.5M	$150K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8617	+0.184%	$480K	$25K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8494	+0.004%	$274K	$1.7M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8499	+0.012%	—	$36K	25x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8489	−0.003%	$10.8M	$3.9M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8507	+0.023%	$907	$6K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8514	+0.033%	$2K	$825	5x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8453	−0.055%	$59K	$52K	15x	as long as short
Pacifica COPPERshort	+0.0100%	1h	6.8516	+0.036%	$24K	$13K	10x
KuCoin COPPERUSDTM	+0.0100%	4h	6.8510	+0.028%	$267K	$39K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8590	+0.145%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8529	+0.056%	$313	—	10x	as long as short
Phoenix COPPERlong	+0.0117%	1h	6.8491	long leg	$44K	$18K	20x
Kraken Futures PF_XCUUSD	+0.0336%	1h	6.8528	+0.054%	$34K	$180K	20x	as long as short