COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: Phoenix against Vest+0.051%58s7-day average — · you sell dearer than you buy

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

Long on Vest Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phoenix is 0.051% dearer against Vest than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest HG-PERP	6.8315	0.0046	pay 0.0006% / 1h	18m 20s	—	$82K	25x
Short	Phoenix COPPER	6.8350	0.0047	get 0.0006% / 1h	18m 20s	$45K	$23K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Vest. 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 VestbpFee PhoenixbpOrdersPrice spread, now +0.051%Rate

Funding earned: $0.25
Price spread: +0.051% → 0.000%: $5.12
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$3.62
Costs to cover: 0.090%
Break-even: 107.7 days

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

Vest and Phoenix: 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 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	−0.0403%	1h	6.8283	−0.047%	$35K	$176K	20x	as long as short
tradeXYZ xyz:COPPER	−0.0054%	1h	6.8283	−0.047%	$10.6M	$4.9M	20x	as long as short
BloFin COPPER-USDT	−0.0014%	4h	6.8340	+0.037%	$88K	$136K	100x	as long as short
QFEX COPPER-USD	−0.0003%	1h	6.8310	−0.007%	$1.5M	$129K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8327	+0.018%	$32K	$27K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8320	+0.008%	$9.1M	$32.9M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8282	−0.048%	$489K	$972K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8190	−0.183%	$1.3M	$505K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8310	−0.007%	$26.1M	$4.5M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8310	−0.007%	$2.5M	$1.7M	100x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni COPPER	0.0000%	4h	6.8343	+0.041%	$741K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8352	+0.054%	$97K	$2.2M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8320	+0.007%	—	$6.6M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8380	+0.095%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8140	−0.256%	$4.2M	$78K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8313	−0.003%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0020%	4h	6.8339	+0.035%	$95K	$319K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8421	+0.155%	$478K	$40K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8319	+0.006%	$266K	$2.6M	20x	as long as short
Vest HG-PERPlong	+0.0046%	1h	6.8315	long leg	—	$82K	25x
Phoenix COPPERshort	+0.0047%	1h	6.8350	+0.051%	$45K	$23K	20x
Paradex XCU-USD-PERP	+0.0050%	8h	6.8306	−0.013%	$2K	$2K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8281	−0.050%	$904	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8291	−0.035%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8321	+0.008%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8280	−0.051%	$291K	$32K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8370	+0.081%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8310	−0.007%	$312	—	10x	as long as short