Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.021%
Price spread now: OKX against Gate+0.078%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$212as in the Funding arb table
Net, price: spread back to 7d avg − costs−$202as in the Price arb table
costs, in and out, $10k−$2052.054% of the position
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 4 days (all we have)+0.097%+$10 · spread now +0.078%, 7d avg +0.044%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.034% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.044%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XCU_USDT | 6.7770 | 0 | get 0.0000% / 8h | 2h 24m | $1.3M | $522K | 100x |
| Short | OKX XCU-USDT-SWAP | 6.7823 | 0 | get 0.0000% / 8h | 2h 24m | $469K | $1.2M | 50x |
Gate XCU_USDT
OKX XCU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. 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
- Price spread: +0.078% → +0.044%
- $3.42
- Slippage, 4 orders
- −$180.43
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$202.02
- Costs to cover
- 2.054%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; OKX: live order book, 2 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 Gate live order book, 3 min ago | 5.16 bp | 53.9 bp −$54 | 134.1 bp −$1,341 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.52 bp | 32.7 bp −$33 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX COPPER-USD | −0.0151% | 1h | 6.7840 | +0.103% | $898 | $3K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0104% | 1h | 6.7844 | +0.109% | $10.3M | $5.9M | 20x | as long as short |
| edgeX COPPERUSDC | −0.0019% | 4h | 6.7873 | +0.151% | $93K | $316K | 20x | as long as short |
| BloFin COPPER-USDT | −0.0011% | 4h | 6.7870 | +0.148% | $87K | $148K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7893 | +0.182% | $32K | $52K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7860 | +0.133% | $8.9M | $34.9M | 100x | as long as short |
| OKX XCU-USDT-SWAPshort | 0.0000% | 8h | 6.7823 | +0.078% | $469K | $1.2M | 50x | |
| Gate XCU_USDTlong | 0.0000% | 8h | 6.7770 | long leg | $1.3M | $522K | 100x | |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7860 | +0.133% | $25.6M | $4.1M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.7853 | +0.122% | $752K | $1.6M | — | as long as short |
SoDEX COPPER-USD
tradeXYZ xyz:COPPER
edgeX COPPERUSDC
BloFin COPPER-USDT
Aster XCUUSDT
Binance COPPERUSDT
MEXC COPPER_USDT
Variational Omni COPPERShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.7890 | +0.177% | $91K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7860 | +0.133% | — | $7.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.7900 | +0.192% | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7850 | +0.118% | $4.2M | $82K | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.7966 | +0.289% | $476K | $46K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.7891 | +0.179% | $234K | $2.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7905 | +0.199% | — | $82K | 25x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7772 | +0.003% | $64K | $26K | 15x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7870 | +0.148% | $1K | $3K | 5x | as long as short |
| QFEX COPPER-USD | +0.0053% | 1h | 6.7870 | +0.148% | $1.5M | $138K | 20x | as long as short |
| Bitget COPPERUSDT | +0.0054% | 4h | 6.7870 | +0.148% | $1.6M | $1.1M | 100x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7897 | +0.187% | $23K | $16K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7790 | +0.030% | $259K | $26K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.7920 | +0.221% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7862 | +0.136% | $310 | — | 10x | as long as short |
| Phoenix COPPER | +0.0329% | 1h | 6.7911 | +0.208% | $45K | $30K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0953% | 1h | 6.7825 | +0.081% | $26K | $177K | 20x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
Lighter XCU
Extended XCU-USD
Vest HG-PERP
Ondo Perps COPPER-USD.P
Paradex XCU-USD-PERP
QFEX COPPER-USD
Bitget COPPERUSDT
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD