Funding you earn now, next payment 04:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h −0.045%
Price spread now: Binance against tradeXYZ+0.039%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$340.339% of the position
Funding, last 7 days−0.167%−$17 on $10k
+Price spread, last 7 days+0.014%+$1 · spread now +0.039%, 7d avg +0.016%
=Together, before fees−0.153%+ Points / potential airdroptradeXYZ: Active · farm board−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.022% dearer against tradeXYZ than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.016%. Mind the row above: over the last 7 days funding on this pair cost −0.167%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COPPER | 6.8168 | −0.0021 | get 0.0003% / 1h | 8m 25s | $10.5M | $4.8M | 20x |
| Short | Binance COPPERUSDT | 6.8194 | 0 | get 0.0000% / 4h | 8m 25s | $9.0M | $32.8M | 100x |
tradeXYZ xyz:COPPER
Binance COPPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against tradeXYZ. 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
- $4.37
- Price spread: +0.039% → +0.016%
- $2.24
- Slippage, 4 orders
- −$5.87
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$27.26
- Costs to cover
- 0.339%
- Break-even
- 50.7 days
Slippage from tradeXYZ: live order book, 9 min ago; Binance: live order book, 3 min ago.
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 tradeXYZ live order book, 9 min ago | 0.07 bp | 11.1 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 0.73 bp | 5.7 bp −$6 | 9.3 bp −$93 | 73.3 bp −$7,332 | 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 | −0.0039% | 4h | 6.8190 | +0.032% | $88K | $143K | 100x | as long as short |
| tradeXYZ xyz:COPPERlong | −0.0021% | 1h | 6.8168 | long leg | $10.5M | $4.8M | 20x | |
| Aster XCUUSDT | 0.0000% | 4h | 6.8226 | +0.085% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDTshort | 0.0000% | 4h | 6.8194 | +0.039% | $9.0M | $32.8M | 100x | |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8197 | +0.043% | $480K | $959K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8020 | −0.217% | $1.3M | $495K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8190 | +0.032% | $26.0M | $4.3M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8190 | +0.032% | $2.5M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8182 | +0.021% | $742K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8200 | +0.047% | $95K | $2.1M | 25x | as long as short |
BloFin COPPER-USDT
Aster XCUUSDT
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 | 6.8190 | +0.032% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8210 | +0.062% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8150 | −0.026% | $4.2M | $77K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8210 | +0.062% | $178K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0009% | 1h | 6.8200 | +0.047% | $1.5M | $129K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0011% | 4h | 6.8184 | +0.023% | $94K | $318K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8303 | +0.198% | $477K | $40K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8218 | +0.074% | $266K | $2.7M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8210 | +0.062% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8193 | +0.036% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8177 | +0.013% | $903 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8210 | +0.062% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8217 | +0.072% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8180 | +0.018% | $290K | $32K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8250 | +0.120% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8183 | +0.023% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0164% | 1h | 6.8215 | +0.069% | $45K | $23K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0291% | 1h | 6.8162 | −0.008% | $34K | $176K | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
edgeX COPPERUSDC
Lighter XCU
Extended XCU-USD
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD