Funding you earn now, next payment 03:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.001%
Price spread now: OKX against gTrade (Gains Network)+0.016%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$462as in the Price arb table
costs, in and out, $10k−$4664.664% of the position
Funding, last 1 day (all we have)−0.022%−$2 on $10k
+Price spread, last 3 days (all we have)−0.121%−$12 · spread now +0.016%, 7d avg −0.030%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.046% dearer against gTrade (Gains Network) than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.030%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) HG/USD | 6.8162 | L +0.0002% / S −0.0001% | pay 0.0000% / 1h | 54m 14s | $178K | — | 250x |
| Short | OKX XCU-USDT-SWAP | 6.8173 | 0 | get 0.0000% / 8h | 5h 54m | $475K | $936K | 50x |
gTrade (Gains Network) HG/USD
OKX XCU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against gTrade (Gains Network). 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
- −$0.4
- Price spread: +0.016% → −0.030%
- $4.59
- Slippage, 4 orders
- −$446.41
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$462.22
- Costs to cover
- 4.664%
- Break-even
- never at this rate
Slippage from gTrade (Gains Network): virtual book (oracle venue), 40 min ago; OKX: live order book, 62 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 gTrade (Gains Network) virtual book (oracle venue), 40 min ago | 130.01 bp | 229.7 bp −$230 | 1613.4 bp −$16.1K | 13153.3 bp −$1.32M | doesn't fit |
| Sell OKX live order book, 62 min ago | 0.81 bp | 7.6 bp −$8 | 28.4 bp −$284 | doesn't fit | doesn't fit |
COPPER on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX COPPER-USD | 0.0000% | 1h | 6.8150 | −0.018% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8201 | +0.057% | $32K | $21K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8190 | +0.041% | $9.1M | $32.4M | 100x | as long as short |
| OKX XCU-USDT-SWAPshort | 0.0000% | 8h | 6.8173 | +0.016% | $475K | $936K | 50x | |
| Gate XCU_USDT | 0.0000% | 8h | 6.8020 | −0.208% | $1.3M | $478K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8180 | +0.026% | $26.0M | $4.2M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8190 | +0.041% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8154 | −0.012% | $742K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8181 | +0.027% | $88K | $2.0M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8170 | +0.012% | — | $6.8M | 20x | as long as short |
QFEX COPPER-USD
Aster XCUUSDT
Binance COPPERUSDT
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8240 | +0.114% | $61K | $25K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8000 | −0.238% | $4.2M | $75K | 100x | as long as short |
| gTrade (Gains Network) HG/USDlong | L +0.0002% / S −0.0001% | 1h | 6.8162 | long leg | $178K | — | 250x | |
| edgeX COPPERUSDC | +0.0014% | 4h | 6.8151 | −0.017% | $94K | $317K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8264 | +0.150% | $478K | $39K | 20x | as long as short |
| Phoenix COPPER | +0.0035% | 1h | 6.8154 | −0.012% | $45K | $23K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8143 | −0.028% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8144 | −0.026% | $1K | $2K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8145 | −0.025% | $10.4M | $4.8M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8160 | −0.003% | $903 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8107 | −0.081% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8141 | −0.031% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8170 | +0.012% | $259K | $20K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8250 | +0.129% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8185 | +0.034% | $312 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0195% | 1h | 6.8186 | +0.035% | $32K | $176K | 20x | as long as short |
| Extended XCU-USD | +0.0432% | 1h | 6.8154 | −0.012% | $224K | $2.8M | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
edgeX COPPERUSDC
Lighter XCU
Phoenix COPPER
Vest HG-PERP
Paradex XCU-USD-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD
Extended XCU-USD