Funding you earn now, next payment 04:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h −0.060%
Price spread now: edgeX against OKX−0.174%101s7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as 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−$490.488% of the position
Funding, last 7 days−0.215%−$22 on $10k
+Price spread, last 4 days (all we have)+0.166%+$17 · spread now −0.174%, 7d avg +0.015%
=Together, before fees−0.049%+ Points / potential airdropedgeX: Active · farm board−$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.189% cheaper against OKX than usual: you would sell low and buy high (spread −0.174% now, against its 7-day average of +0.015%). If the spread goes back, that is −$19 on $10k: about 38 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.215%, so the current rate has only just turned in your favour. The two prices were read 101 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 | OKX XCU-USDT-SWAP | 6.8178 | 0 | get 0.0000% / 8h | 6h 01m | $475K | $937K | 50x |
| Short | edgeX COPPERUSDC | 6.8059 | 0.0016 | get 0.0008% / 4h | 2h 01m | $94K | $318K | 20x |
OKX XCU-USDT-SWAP
edgeX COPPERUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $3.45
- Price spread: −0.174% → +0.015%
- −$18.91
- Slippage, 4 orders
- −$29.75
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$64.21
- Costs to cover
- 0.488%
- Break-even
- 137.4 days
Slippage from OKX: live order book, 54 min ago; edgeX: live order book, 1 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, 54 min ago | 0.81 bp | 15.5 bp −$15 | 30.7 bp −$307 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 1 min ago | 7.33 bp | 12.9 bp −$13 | 24.1 bp −$241 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCUUSD | −0.1011% | 1h | 6.8216 | +0.055% | $32K | $176K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0108% | 1h | 6.8169 | −0.013% | $10.5M | $4.8M | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8213 | +0.052% | $32K | $21K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8194 | +0.024% | $9.1M | $32.4M | 100x | as long as short |
| OKX XCU-USDT-SWAPlong | 0.0000% | 8h | 6.8178 | long leg | $475K | $937K | 50x | |
| Gate XCU_USDT | 0.0000% | 8h | 6.8050 | −0.188% | $1.3M | $481K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8200 | +0.032% | $26.1M | $5.1M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8200 | +0.032% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8043 | −0.198% | $742K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8090 | −0.129% | $95K | $2.0M | 25x | as long as short |
Kraken Futures PF_XCUUSD
tradeXYZ xyz:COPPER
Aster XCUUSDT
Binance COPPERUSDT
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX COPPER-USDT | 0.0000% | 4h | 6.8210 | +0.047% | — | $6.8M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8260 | +0.120% | $61K | $25K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8040 | −0.202% | $4.2M | $75K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8228 | +0.073% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0006% | 1h | 6.8220 | +0.062% | $1.5M | $129K | 20x | as long as short |
| edgeX COPPERUSDCshort | +0.0016% | 4h | 6.8059 | −0.174% | $94K | $318K | 20x | |
| Lighter XCU | +0.0032% | 1h | 6.8264 | +0.126% | $478K | $39K | 20x | as long as short |
| Phoenix COPPER | +0.0035% | 1h | 6.8062 | −0.170% | $45K | $30K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8212 | +0.050% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8206 | +0.041% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8203 | +0.037% | $903 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8002 | −0.258% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8213 | +0.051% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8170 | −0.012% | $258K | $23K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8290 | +0.164% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8227 | +0.072% | $312 | — | 10x | as long as short |
| Extended XCU-USD | +0.0328% | 1h | 6.8176 | −0.003% | $225K | $2.9M | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
Lighter XCU
Phoenix COPPER
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Extended XCU-USD