Funding you earn now, next payment 02:00 UTC+0.0126%/8h= +13.8% APRpaid last 24h −0.047%
Price spread now: edgeX against tradeXYZ+0.100%7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$460.462% of the position
Funding, last 7 days−0.170%−$17 on $10k
+Price spread, last 3 days (all we have)−0.154%−$15 · spread now +0.100%, 7d avg −0.026%
=Together, before fees−0.324%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board−$32 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and edgeX is 0.126% dearer against tradeXYZ than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.026%. Mind the row above: over the last 7 days funding on this pair cost −0.170%, 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 | 6.8039 | −0.0122 | get 0.0015% / 1h | 59m 09s | $10.4M | $5.0M | 20x |
| Short | edgeX COPPERUSDC | 6.8107 | 0.0004 | get 0.0002% / 4h | 2h 59m | $94K | $319K | 20x |
tradeXYZ xyz:COPPER
edgeX COPPERUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $26.54
- Price spread: +0.100% → −0.026%
- $12.59
- Slippage, 4 orders
- −$19.22
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$7.08
- Costs to cover
- 0.462%
- Break-even
- 8.9 days
Slippage from tradeXYZ: live order book, 10 min ago; edgeX: live order book, 9 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, 10 min ago | 0.07 bp | 10.0 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 9 min ago | 7.34 bp | 12.7 bp −$13 | 23.9 bp −$239 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCUUSD | −0.1013% | 1h | 6.8078 | +0.057% | $32K | $179K | 20x | as long as short |
| tradeXYZ xyz:COPPERlong | −0.0122% | 1h | 6.8039 | long leg | $10.4M | $5.0M | 20x | |
| Aster XCUUSDT | 0.0000% | 4h | 6.8090 | +0.074% | $32K | $35K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8090 | +0.075% | $9.1M | $33.1M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8087 | +0.071% | $472K | $969K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7950 | −0.131% | $1.3M | $477K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8080 | +0.060% | $27.0M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8100 | +0.090% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8093 | +0.079% | $742K | $1.5M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8123 | +0.123% | $97K | $2.1M | 25x | as long as short |
Kraken Futures PF_XCUUSD
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 | 6.8090 | +0.075% | — | $7.1M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8170 | +0.193% | $61K | $26K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7910 | −0.190% | $4.2M | $75K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8061 | +0.032% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0004% | 1h | 6.8080 | +0.060% | $1.5M | $129K | 20x | as long as short |
| edgeX COPPERUSDCshort | +0.0004% | 4h | 6.8107 | +0.100% | $94K | $319K | 20x | |
| BloFin COPPER-USDT | +0.0016% | 4h | 6.8090 | +0.075% | $87K | $149K | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8183 | +0.212% | $477K | $39K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8064 | +0.037% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8120 | +0.119% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8055 | +0.024% | $901 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8114 | +0.110% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8093 | +0.080% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8080 | +0.060% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8130 | +0.134% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8072 | +0.048% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0118% | 1h | 6.8087 | +0.071% | $45K | $30K | 20x | as long as short |
| Extended XCU-USD | +0.0392% | 1h | 6.8063 | +0.035% | $229K | $2.9M | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
BloFin COPPER-USDT
Lighter XCU
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
Extended XCU-USD