Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.046%
Price spread now: OKX against KuCoin−0.025%7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$218as in the Funding arb table
Net, price: spread back to 7d avg − costs−$189as in the Price arb table
costs, in and out, $10k−$1911.914% of the position
Funding, last 7 days−0.270%−$27 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.025%, 7d avg −0.052%
=The price spread pays, funding is against you. OKX is 0.027% dearer against KuCoin than usual: you sell high and buy low (spread −0.025% now, against its 7-day average of −0.052%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 22 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin COPPERUSDTM | 6.8290 | 0.0100 | pay 0.0050% / 4h | 36m 23s | $278K | $37K | 50x |
| Short | OKX XCU-USDT-SWAP | 6.8273 | 0 | get 0.0000% / 8h | 36m 23s | $495K | $1.0M | 50x |
KuCoin COPPERUSDTM
OKX XCU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against KuCoin. 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
- −$21
- Price spread: −0.025% → −0.052%
- $2.71
- Slippage, 4 orders
- −$169.4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$209.69
- Costs to cover
- 1.914%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 66 min ago; OKX: live order book, 5 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 KuCoin live order book, 66 min ago | 15.41 bp | 71.7 bp −$72 | 712.3 bp −$7,123 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.73 bp | 11.5 bp −$11 | 34.9 bp −$349 | 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 | 6.8300 | +0.015% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8335 | +0.066% | $9.1M | $33.7M | 100x | as long as short |
| OKX XCU-USDT-SWAPshort | 0.0000% | 8h | 6.8273 | −0.025% | $495K | $1.0M | 50x | |
| Gate XCU_USDT | 0.0000% | 8h | 6.8170 | −0.176% | $1.3M | $528K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8330 | +0.059% | $26.6M | $5.2M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8320 | +0.044% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8332 | +0.061% | $765K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8346 | +0.082% | $94K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8340 | +0.073% | — | $6.2M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8370 | +0.117% | $61K | $24K | 75x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
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 | 6.8200 | −0.132% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8281 | −0.013% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0002% | 4h | 6.8326 | +0.052% | $95K | $318K | 20x | as long as short |
| QFEX COPPER-USD | +0.0017% | 1h | 6.8320 | +0.044% | $1.5M | $128K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8286 | −0.006% | — | $82K | 25x | as long as short |
| BloFin COPPER-USDT | +0.0049% | 4h | 6.8350 | +0.088% | $88K | $143K | 100x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8294 | +0.006% | $10.6M | $5.0M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8288 | −0.003% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8307 | +0.025% | $2K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8282 | −0.012% | $57K | $55K | 15x | as long as short |
| Extended XCU-USD | +0.0096% | 1h | 6.8279 | −0.017% | $272K | $2.0M | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8300 | +0.015% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTMlong | +0.0100% | 4h | 6.8290 | long leg | $278K | $37K | 50x | |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8400 | +0.161% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8321 | +0.046% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0106% | 1h | 6.8335 | +0.066% | $45K | $22K | 20x | as long as short |
| Lighter XCU | +0.0176% | 1h | 6.8445 | +0.227% | $479K | $26K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0357% | 1h | 6.8293 | +0.004% | $34K | $177K | 20x | as long as short |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
Vest HG-PERP
BloFin COPPER-USDT
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Extended XCU-USD
Pacifica COPPER
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Lighter XCU
Kraken Futures PF_XCUUSD