Funding you earn now, next payment 10:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.045%
Price spread now: OKX against Extended−0.022%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$300.300% of the position
Funding, last 7 days−0.121%−$12 on $10k
+Price spread, last 4 days (all we have)+0.005%$0 · spread now −0.022%, 7d avg −0.073%
=Together, before fees−0.116%+ Points / potential airdropExtended: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.051% dearer against Extended than usual: you sell high and buy low (spread −0.022% now, against its 7-day average of −0.073%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XCU-USD | 6.8382 | 0.0032 | pay 0.0004% / 1h | 18m 53s | $272K | $1.7M | 20x |
| Short | OKX XCU-USDT-SWAP | 6.8367 | 0 | get 0.0000% / 8h | 6h 18m | $503K | $843K | 50x |
Extended XCU-USD
OKX XCU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Extended. 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
- −$6.72
- Price spread: −0.022% → −0.073%
- $5.06
- Slippage, 4 orders
- −$14.96
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$31.62
- Costs to cover
- 0.300%
- Break-even
- never at this rate
Slippage from Extended: live order book, 3 min ago; OKX: live order book, 30 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 Extended live order book, 3 min ago | 0.15 bp | 3.5 bp −$3 | 51.1 bp −$511 | doesn't fit | doesn't fit |
| Sell OKX live order book, 30 min ago | 0.51 bp | 11.7 bp −$12 | 33.6 bp −$336 | doesn't fit | doesn't fit |
COPPER on 28 exchanges
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 | −0.0015% | 4h | 6.8430 | +0.070% | $89K | $155K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8430 | +0.070% | $35K | $47K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8426 | +0.064% | $9.0M | $32.1M | 100x | as long as short |
| OKX XCU-USDT-SWAPshort | 0.0000% | 8h | 6.8367 | −0.022% | $503K | $843K | 50x | |
| Gate XCU_USDT | 0.0000% | 8h | 6.8270 | −0.164% | $1.3M | $184K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8430 | +0.070% | $26.5M | $5.7M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8420 | +0.055% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8401 | +0.027% | $767K | $549K | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8412 | +0.043% | $87K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8430 | +0.070% | — | $5.0M | 20x | as long as short |
BloFin COPPER-USDT
Aster XCUUSDT
Binance COPPERUSDT
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8450 | +0.099% | $61K | $71K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8230 | −0.223% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8388 | +0.008% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0016% | 4h | 6.8417 | +0.051% | $95K | $320K | 20x | as long as short |
| QFEX COPPER-USD | +0.0020% | 1h | 6.8420 | +0.055% | $1.5M | $150K | 20x | as long as short |
| Extended XCU-USDlong | +0.0032% | 1h | 6.8382 | long leg | $272K | $1.7M | 20x | |
| Vest HG-PERP | +0.0046% | 1h | 6.8387 | +0.007% | — | $36K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8375 | −0.011% | $10.8M | $3.9M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8391 | +0.013% | $906 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8395 | +0.018% | $2K | $825 | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8367 | −0.022% | $59K | $52K | 15x | as long as short |
| Lighter XCU | +0.0064% | 1h | 6.8512 | +0.190% | $479K | $23K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8396 | +0.020% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8390 | +0.011% | $266K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8480 | +0.143% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8417 | +0.051% | $313 | — | 10x | as long as short |
| Phoenix COPPER | +0.0117% | 1h | 6.8398 | +0.023% | $45K | $17K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0330% | 1h | 6.8397 | +0.021% | $34K | $180K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
Vest HG-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD