Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%
Price spread now: OKX against GRVT−0.121%61s7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$340.344% of the position
Funding, last 7 days+0.148%+$15 on $10k
+Price spread, last 4 days (all we have)+0.150%+$15 · spread now −0.121%, 7d avg −0.056%
=Together, before fees+0.298%+ Points / potential airdropGRVT: Active · farm board+$30 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.065% cheaper against GRVT than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.056%. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT COPPER_USDT_Perp | 6.8400 | 0 | get 0.0000% / 4h | 3h 02m | $91K | $2.4M | 25x |
| Short | OKX XCU-USDT-SWAP | 6.8317 | 0 | get 0.0000% / 8h | 7h 02m | $498K | $987K | 50x |
GRVT COPPER_USDT_Perp
OKX XCU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against GRVT. 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: −0.121% → −0.056%
- −$6.49
- Slippage, 4 orders
- −$15.41
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$40.9
- Costs to cover
- 0.344%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 1 min ago; OKX: live order book, 19 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 GRVT live order book, 1 min ago | 0.73 bp | 6.4 bp −$6 | 19.3 bp −$193 | doesn't fit | doesn't fit |
| Sell OKX live order book, 19 min ago | 0.81 bp | 10.3 bp −$10 | 37.4 bp −$374 | doesn't fit | doesn't fit |
COPPER on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XCUUSDT | 0.0000% | 4h | 6.8385 | −0.022% | $33K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8360 | −0.058% | $9.0M | $33.5M | 100x | as long as short |
| OKX XCU-USDT-SWAPshort | 0.0000% | 8h | 6.8317 | −0.121% | $498K | $987K | 50x | |
| Gate XCU_USDT | 0.0000% | 8h | 6.8220 | −0.263% | $1.3M | $513K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8360 | −0.058% | $26.0M | $5.8M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8370 | −0.044% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8414 | +0.020% | $765K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perplong | 0.0000% | 4h | 6.8400 | long leg | $91K | $2.4M | 25x | |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8360 | −0.058% | — | $5.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8400 | 0.000% | $61K | $54K | 75x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
SunX COPPER-USDT
HTX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8220 | −0.263% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8327 | −0.107% | $178K | — | 250x | as long as short |
| BloFin COPPER-USDT | +0.0012% | 4h | 6.8380 | −0.029% | $88K | $152K | 100x | as long as short |
| edgeX COPPERUSDC | +0.0013% | 4h | 6.8394 | −0.009% | $95K | $320K | 20x | as long as short |
| QFEX COPPER-USD | +0.0018% | 1h | 6.8370 | −0.044% | $1.5M | $144K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8337 | −0.093% | $273K | $1.7M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8326 | −0.108% | — | $56K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8329 | −0.104% | $10.8M | $4.1M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8321 | −0.115% | $905 | $6K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8409 | +0.013% | $57K | $53K | 15x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8346 | −0.080% | $2K | $1K | 5x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0076% | 1h | 6.8362 | −0.055% | $34K | $178K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8344 | −0.082% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8360 | −0.058% | $266K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8430 | +0.044% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8354 | −0.068% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0129% | 1h | 6.8360 | −0.058% | $45K | $22K | 20x | as long as short |
| Lighter XCU | +0.0152% | 1h | 6.8468 | +0.099% | $479K | $27K | 20x | as long as short |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
BloFin COPPER-USDT
edgeX COPPERUSDC
QFEX COPPER-USD
Extended XCU-USD
Vest HG-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Paradex XCU-USD-PERP
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Lighter XCU