Funding you earn now, next payment 03:00 UTC+0.0824%/8h= +90.2% APRpaid last 24h +0.084%
Price spread now: Extended against Variational Omni−0.022%7-day average +0.031% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.119%+$12 on $10k
+Price spread, last 7 days+0.061%+$6 · spread now −0.022%, 7d avg +0.031%
=Together, before fees+0.180%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board+$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.054% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.022% now, against its 7-day average of +0.031%). If the spread goes back, that is −$5 on $10k: about 5 hours of funding at the current rate (+$25 a day). At the pace of the last 3 days (+0.119% in total) that is about 37 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.119% in total (about 12.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni COPPER | 6.8282 | 0 | get 0.0000% / 4h | 1h 08m | $742K | $1.4M | — |
| Short | Extended XCU-USD | 6.8266 | 0.0824 | get 0.0103% / 1h | 8m 15s | $224K | $2.8M | 20x |
Variational Omni COPPER
Extended XCU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Variational Omni. 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
- $173.04
- Price spread: −0.022% → +0.031%
- −$5.37
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $162.67
- Costs to cover
- 0.050%
- Break-even
- 0.4 days
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Extended: live order book, 5 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 Variational Omni RFQ quote, 1 min ago | 2.97 bp | doesn't fit | 11.5 bp −$115 | doesn't fit | doesn't fit |
| Sell Extended live order book, 5 min ago | 0.81 bp | 3.8 bp −$4 | 59.4 bp −$594 | 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 | −0.0057% | 4h | 6.8290 | +0.012% | $88K | $143K | 100x | as long as short |
| QFEX COPPER-USD | 0.0000% | 1h | 6.8300 | +0.027% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8289 | +0.011% | $32K | $21K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8302 | +0.030% | $9.0M | $32.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8247 | −0.051% | $471K | $949K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8110 | −0.251% | $1.3M | $493K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8290 | +0.012% | $26.1M | $4.2M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8320 | +0.056% | $1.7M | $987K | 100x | as long as short |
| Variational Omni COPPERlong | 0.0000% | 4h | 6.8282 | long leg | $742K | $1.4M | — | |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8305 | +0.034% | $94K | $2.1M | 25x | as long as short |
BloFin COPPER-USDT
QFEX COPPER-USD
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
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 | 6.8300 | +0.027% | — | $6.7M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8310 | +0.041% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8140 | −0.208% | $4.2M | $76K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8265 | −0.025% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0004% | 4h | 6.8278 | −0.006% | $95K | $318K | 20x | as long as short |
| Phoenix COPPER | +0.0012% | 1h | 6.8289 | +0.011% | $45K | $23K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8256 | −0.038% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8272 | −0.014% | $2K | $2K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8271 | −0.016% | $10.5M | $4.8M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8266 | −0.023% | $904 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8232 | −0.073% | $57K | $55K | 15x | as long as short |
| Lighter XCU | +0.0096% | 1h | 6.8394 | +0.164% | $479K | $39K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8288 | +0.009% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8290 | +0.012% | $258K | $21K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8360 | +0.115% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8293 | +0.017% | $312 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0195% | 1h | 6.8299 | +0.025% | $32K | $176K | 20x | as long as short |
| Extended XCU-USDshort | +0.0824% | 1h | 6.8266 | −0.022% | $224K | $2.8M | 20x |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
Phoenix COPPER
Vest HG-PERP
Paradex XCU-USD-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD