Funding you earn now, next payment 12:00 UTC−0.0015%/8h= −1.7% APRpaid last 24h −0.012%
Price spread now: BloFin against OKX+0.092%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$360.362% of the position
Funding, last 7 days−0.200%−$20 on $10k
+Price spread, last 4 days (all we have)−0.035%−$3 · spread now +0.092%, 7d avg +0.037%
=The price spread pays, funding is against you. BloFin is 0.055% dearer against OKX than usual: you sell high and buy low (spread +0.092% now, against its 7-day average of +0.037%): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 12 days. At the pace of the last 7 days (−0.200% in total) that is about 46 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX XCU-USDT-SWAP | 6.8367 | 0 | get 0.0000% / 8h | 6h 18m | $503K | $843K | 50x |
| Short | BloFin COPPER-USDT | 6.8430 | −0.0015 | pay 0.0008% / 4h | 2h 18m | $89K | $155K | 100x |
OKX XCU-USDT-SWAP
BloFin COPPER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against OKX. 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
- −$3.23
- Price spread: +0.092% → +0.037%
- $5.49
- Slippage, 4 orders
- −$14.2
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$33.94
- Costs to cover
- 0.362%
- Break-even
- never at this rate
Slippage from OKX: live order book, 30 min ago; BloFin: live order book, 25 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 OKX live order book, 30 min ago | 0.51 bp | 8.3 bp −$8 | 26.7 bp −$267 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 25 min ago | 0.73 bp | 9.6 bp −$10 | 14.2 bp −$142 | 46.4 bp −$4,641 | doesn't fit |
COPPER on 28 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COPPER-USDTshort | −0.0015% | 4h | 6.8430 | +0.092% | $89K | $155K | 100x | |
| Aster XCUUSDT | 0.0000% | 4h | 6.8425 | +0.085% | $35K | $47K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8429 | +0.091% | $9.0M | $32.1M | 100x | as long as short |
| OKX XCU-USDT-SWAPlong | 0.0000% | 8h | 6.8367 | long leg | $503K | $843K | 50x | |
| Gate XCU_USDT | 0.0000% | 8h | 6.8270 | −0.142% | $1.3M | $184K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8420 | +0.078% | $26.5M | $5.7M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8420 | +0.078% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8401 | +0.050% | $767K | $549K | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8412 | +0.066% | $87K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8430 | +0.092% | — | $5.0M | 20x | 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-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8450 | +0.121% | $61K | $71K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8230 | −0.200% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8388 | +0.030% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0016% | 4h | 6.8417 | +0.073% | $95K | $320K | 20x | as long as short |
| QFEX COPPER-USD | +0.0020% | 1h | 6.8420 | +0.078% | $1.5M | $150K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8388 | +0.031% | $272K | $1.7M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8387 | +0.029% | — | $36K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8375 | +0.012% | $10.8M | $3.9M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8391 | +0.035% | $906 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8391 | +0.036% | $2K | $825 | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8367 | 0.000% | $59K | $52K | 15x | as long as short |
| Lighter XCU | +0.0064% | 1h | 6.8504 | +0.200% | $479K | $23K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8388 | +0.030% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8390 | +0.034% | $266K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8480 | +0.165% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8417 | +0.073% | $313 | — | 10x | as long as short |
| Phoenix COPPER | +0.0117% | 1h | 6.8398 | +0.045% | $45K | $17K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0330% | 1h | 6.8397 | +0.044% | $34K | $180K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
Extended XCU-USD
Vest HG-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD