Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.012%
Price spread now: Bitget against tradeXYZ+0.019%7-day average +0.019% · 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−$37as in the Price arb table
costs, in and out, $10k−$370.370% of the position
Funding, last 7 days−0.143%−$14 on $10k
+Price spread, last 7 days−0.004%$0 · spread now +0.019%, 7d avg +0.019%
=Together, before fees−0.147%+ Points / potential airdroptradeXYZ: Active · farm board−$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COPPER | 6.8267 | 0.0050 | pay 0.0006% / 1h | 33m 50s | $10.6M | $5.0M | 20x |
| Short | Bitget COPPERUSDT | 6.8280 | 0 | get 0.0000% / 4h | 33m 50s | $2.9M | $1.6M | 100x |
tradeXYZ xyz:COPPER
Bitget COPPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$10.5
- Price spread: +0.019% → +0.019%
- −$0.03
- Slippage, 4 orders
- −$7.01
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$47.54
- Costs to cover
- 0.370%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 5 min ago; Bitget: live order book, 4 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, 5 min ago | 0.81 bp | 10.5 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 0.73 bp | 9.6 bp −$10 | 32.0 bp −$320 | 113.5 bp −$11.4K | 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 | −0.0034% | 4h | 6.8300 | +0.048% | $88K | $142K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8260 | −0.010% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8294 | +0.040% | $9.1M | $33.7M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8264 | −0.004% | $495K | $1.0M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8160 | −0.157% | $1.3M | $528K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8300 | +0.048% | $26.6M | $5.2M | 100x | as long as short |
| Bitget COPPERUSDTshort | 0.0000% | 4h | 6.8280 | +0.019% | $2.9M | $1.6M | 100x | |
| Variational Omni COPPER | 0.0000% | 4h | 6.8302 | +0.051% | $766K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8346 | +0.116% | $94K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8320 | +0.078% | — | $6.2M | 20x | as long as short |
BloFin COPPER-USDT
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8340 | +0.107% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8150 | −0.171% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8272 | +0.007% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0012% | 4h | 6.8322 | +0.081% | $95K | $318K | 20x | as long as short |
| QFEX COPPER-USD | +0.0017% | 1h | 6.8320 | +0.078% | $1.5M | $128K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8275 | +0.012% | — | $82K | 25x | as long as short |
| tradeXYZ xyz:COPPERlong | +0.0050% | 1h | 6.8267 | long leg | $10.6M | $5.0M | 20x | |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8282 | +0.022% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8283 | +0.023% | $2K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8282 | +0.022% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8279 | +0.018% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8270 | +0.004% | $278K | $37K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8380 | +0.166% | $3K | — | 10x | as long as short |
| Extended XCU-USD | +0.0104% | 1h | 6.8242 | −0.037% | $271K | $2.0M | 20x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8306 | +0.057% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0106% | 1h | 6.8335 | +0.100% | $45K | $22K | 20x | as long as short |
| Lighter XCU | +0.0184% | 1h | 6.8413 | +0.214% | $479K | $26K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0357% | 1h | 6.8282 | +0.022% | $34K | $177K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
Vest HG-PERP
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Extended XCU-USD
Aevo COPPER-PERP
Phoenix COPPER
Lighter XCU
Kraken Futures PF_XCUUSD