COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.040%

Price spread now: OKX against Binance−0.035%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$280.275% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.238%+$24 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.035%, 7d avg −0.025%

Together, before fees+0.252%+$25 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance COPPERUSDT	6.8256	0	get 0.0000% / 4h	3h 51m	$9.1M	$33.0M	100x
Short	OKX XCU-USDT-SWAP	6.8232	0	get 0.0000% / 8h	3h 51m	$481K	$960K	50x

Funding history

latest

Range statsloading…

OKX against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BinancebpFee OKXbpOrdersPrice spread, now −0.035%Rate

Slippage from Binance: live order book, 5 min ago; OKX: live order book, 55 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 5 min ago	0.73 bp	5.7 bp −$6	12.9 bp −$129	53.9 bp −$5,387	doesn't fit
Sell OKX live order book, 55 min ago	0.59 bp	7.3 bp −$7	29.7 bp −$297	doesn't fit	doesn't fit

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	−0.0404%	1h	6.8199	−0.082%	$34K	$176K	20x	as long as short
tradeXYZ xyz:COPPER	−0.0112%	1h	6.8230	−0.038%	$10.5M	$4.8M	20x	as long as short
BloFin COPPER-USDT	−0.0043%	4h	6.8250	−0.008%	$88K	$143K	100x	as long as short
QFEX COPPER-USD	−0.0003%	1h	6.8250	−0.008%	$1.5M	$129K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8282	+0.039%	$32K	$27K	50x	as long as short
Binance COPPERUSDTlong	0.0000%	4h	6.8256	long leg	$9.1M	$33.0M	100x
OKX XCU-USDT-SWAPshort	0.0000%	8h	6.8232	−0.035%	$481K	$960K	50x
Gate XCU_USDT	0.0000%	8h	6.8050	−0.301%	$1.3M	$495K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8260	+0.006%	$26.0M	$4.2M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8250	−0.008%	$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	6.8233	−0.033%	$742K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8253	−0.004%	$88K	$2.2M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8240	−0.023%	—	$6.6M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8270	+0.021%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8170	−0.125%	$4.2M	$77K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8257	+0.002%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0005%	4h	6.8243	−0.018%	$95K	$318K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8352	+0.141%	$477K	$40K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8263	+0.011%	$266K	$2.7M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8256	+0.001%	—	$82K	25x	as long as short
Phoenix COPPER	+0.0047%	1h	6.8254	−0.002%	$45K	$23K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8239	−0.024%	$2K	$2K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8227	−0.042%	$903	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8261	+0.008%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8267	+0.017%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8220	−0.052%	$290K	$32K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8300	+0.065%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8240	−0.024%	$312	—	10x	as long as short