COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.041%

Price spread now: OKX against MEXC−0.025%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$250.255% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.238%+$24 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.025%, 7d avg −0.021%

Together, before fees+0.300%+$30 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC COPPER_USDT	6.8190	0	get 0.0000% / 4h	2h 30m	$26.3M	$4.7M	100x
Short	OKX XCU-USDT-SWAP	6.8173	0	get 0.0000% / 8h	2h 30m	$490K	$965K	50x

Funding history

latest

Range statsloading…

OKX against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee MEXCbpFee OKXbpOrdersPrice spread, now −0.025%Rate

Slippage from MEXC: live order book, 3 min ago; OKX: live order book, 5 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 3 min ago	0.73 bp	0.7 bp −$1	2.0 bp −$20	7.3 bp −$727	215.6 bp −$107.8K
Sell OKX live order book, 5 min ago	0.66 bp	14.1 bp −$14	28.4 bp −$284	doesn't fit	doesn't fit

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
Kraken Futures PF_XCUUSD	−0.0481%	1h	6.8161	−0.042%	$34K	$176K	20x	as long as short
tradeXYZ xyz:COPPER	−0.0020%	1h	6.8175	−0.022%	$10.6M	$4.9M	20x	as long as short
QFEX COPPER-USD	−0.0001%	1h	6.8180	−0.015%	$1.5M	$130K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8210	+0.029%	$32K	$27K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8200	+0.015%	$9.2M	$33.2M	100x	as long as short
OKX XCU-USDT-SWAPshort	0.0000%	8h	6.8173	−0.025%	$490K	$965K	50x
Gate XCU_USDT	0.0000%	8h	6.8050	−0.205%	$1.3M	$525K	100x	as long as short
MEXC COPPER_USDTlong	0.0000%	4h	6.8190	long leg	$26.3M	$4.7M	100x
Bitget COPPERUSDT	0.0000%	4h	6.8180	−0.015%	$2.9M	$2.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8164	−0.037%	$739K	$1.4M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8177	−0.019%	$95K	$2.2M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8170	−0.029%	—	$6.6M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8200	+0.015%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8150	−0.059%	$4.2M	$80K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8183	−0.010%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0005%	4h	6.8184	−0.009%	$94K	$319K	20x	as long as short
Phoenix COPPER	+0.0023%	1h	6.8192	+0.003%	$45K	$23K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8267	+0.113%	$477K	$40K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8206	+0.023%	$276K	$2.4M	20x	as long as short
BloFin COPPER-USDT	+0.0039%	4h	6.8170	−0.029%	$88K	$137K	100x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8187	−0.004%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8171	−0.028%	$1K	$2K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8158	−0.047%	$903	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8156	−0.050%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8184	−0.009%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8190	0.000%	$278K	$36K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8240	+0.073%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8167	−0.034%	$312	—	10x	as long as short