COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.016%

Price spread now: OKX against Bitget−0.021%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$510.508% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.200%+$20 on $10k

Price spread, last 4 days (all we have)+0.078%+$8 · spread now −0.021%, 7d avg −0.034%

Together, before fees+0.277%+$28 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget COPPERUSDT	6.8280	0	get 0.0000% / 4h	2h 55m	$2.5M	$1.7M	100x
Short	OKX XCU-USDT-SWAP	6.8266	0	get 0.0000% / 8h	2h 55m	$490K	$972K	50x

Funding history

latest

Range statsloading…

OKX against Bitget. 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 BitgetbpFee OKXbpOrdersPrice spread, now −0.021%Rate

Slippage from Bitget: live order book, 2 min ago; OKX: live order book, 46 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 2 min ago	0.73 bp	6.7 bp −$7	18.9 bp −$189	83.8 bp −$8,378	doesn't fit
Sell OKX live order book, 46 min ago	0.73 bp	17.1 bp −$17	28.8 bp −$288	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	−0.0480%	1h	6.8290	+0.014%	$35K	$176K	20x	as long as short
QFEX COPPER-USD	−0.0001%	1h	6.8290	+0.015%	$1.5M	$129K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8312	+0.048%	$32K	$27K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8307	+0.040%	$9.1M	$33.0M	100x	as long as short
OKX XCU-USDT-SWAPshort	0.0000%	8h	6.8266	−0.021%	$490K	$972K	50x
Gate XCU_USDT	0.0000%	8h	6.8100	−0.264%	$1.3M	$519K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8290	+0.015%	$26.8M	$4.6M	100x	as long as short
Bitget COPPERUSDTlong	0.0000%	4h	6.8280	long leg	$2.5M	$1.7M	100x
Variational Omni COPPER	0.0000%	4h	6.8293	+0.019%	$741K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8299	+0.028%	$94K	$2.2M	25x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX COPPER-USDT	0.0000%	4h	6.8290	+0.015%	—	$6.6M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8310	+0.044%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8170	−0.161%	$4.2M	$79K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8300	+0.029%	$178K	—	250x	as long as short
tradeXYZ xyz:COPPER	+0.0009%	1h	6.8279	−0.001%	$10.6M	$4.9M	20x	as long as short
edgeX COPPERUSDC	+0.0010%	4h	6.8286	+0.009%	$95K	$317K	20x	as long as short
BloFin COPPER-USDT	+0.0016%	4h	6.8280	0.000%	$88K	$138K	100x	as long as short
Lighter XCU	+0.0032%	1h	6.8405	+0.183%	$478K	$39K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8302	+0.032%	$271K	$2.5M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8298	+0.026%	—	$82K	25x	as long as short
Phoenix COPPER	+0.0047%	1h	6.8307	+0.040%	$45K	$23K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8286	+0.009%	$2K	$2K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8276	−0.006%	$904	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8241	−0.057%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8302	+0.032%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8280	0.000%	$278K	$35K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8350	+0.103%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8289	+0.013%	$312	—	10x	as long as short