Funding you earn now, next payment 03:00 UTC+0.0640%/8h= +70.1% APRpaid last 24h +0.034%
Price spread now: Extended against OKX−0.010%7-day average +0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$240.241% of the position
Funding, last 7 days+0.128%+$13 on $10k
+Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.010%, 7d avg +0.075%
=Together, before fees+0.155%+ Points / potential airdropExtended: Active · farm board+$16 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.085% cheaper against OKX than usual: you would sell low and buy high (spread −0.010% now, against its 7-day average of +0.075%). If the spread goes back, that is −$8 on $10k: about 11 hours of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.128% in total) that is about 4.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.128% in total (about 6.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX XCU-USDT-SWAP | 6.8139 | 0 | get 0.0000% / 8h | 5h 33m | $469K | $942K | 50x |
| Short | Extended XCU-USD | 6.8132 | 0.0640 | get 0.0080% / 1h | 33m 38s | $223K | $2.8M | 20x |
OKX XCU-USDT-SWAP
Extended XCU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $134.4
- Price spread: −0.010% → +0.075%
- −$8.47
- Slippage, 4 orders
- −$9.05
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $101.88
- Costs to cover
- 0.241%
- Break-even
- 1.7 days
Slippage from OKX: live order book, 18 min ago; Extended: 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 OKX live order book, 18 min ago | 0.66 bp | 7.7 bp −$8 | 30.5 bp −$305 | doesn't fit | doesn't fit |
| Sell Extended live order book, 5 min ago | 0.07 bp | 3.2 bp −$3 | 57.2 bp −$572 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX COPPER-USD | 0.0000% | 1h | 6.8150 | +0.016% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8192 | +0.078% | $32K | $21K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8169 | +0.044% | $9.0M | $32.4M | 100x | as long as short |
| OKX XCU-USDT-SWAPlong | 0.0000% | 8h | 6.8139 | long leg | $469K | $942K | 50x | |
| Gate XCU_USDT | 0.0000% | 8h | 6.8040 | −0.145% | $1.3M | $491K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8170 | +0.045% | $26.0M | $4.2M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8180 | +0.060% | $1.7M | $999K | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8152 | +0.019% | $742K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8177 | +0.056% | $87K | $2.0M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8180 | +0.060% | — | $6.7M | 20x | as long as short |
QFEX COPPER-USD
Aster XCUUSDT
Binance COPPERUSDT
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8210 | +0.104% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8060 | −0.116% | $4.2M | $75K | 100x | as long as short |
| BloFin COPPER-USDT | +0.0002% | 4h | 6.8150 | +0.016% | $88K | $143K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8149 | +0.015% | $178K | — | 250x | as long as short |
| Phoenix COPPER | +0.0012% | 1h | 6.8154 | +0.022% | $45K | $23K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0016% | 4h | 6.8152 | +0.018% | $94K | $318K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8144 | +0.007% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8159 | +0.030% | $1K | $2K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8148 | +0.013% | $10.5M | $4.8M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8152 | +0.019% | $902 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8131 | −0.012% | $57K | $55K | 15x | as long as short |
| Lighter XCU | +0.0064% | 1h | 6.8284 | +0.213% | $478K | $39K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8163 | +0.036% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8170 | +0.045% | $258K | $21K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8240 | +0.148% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8166 | +0.039% | $312 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0195% | 1h | 6.8167 | +0.041% | $32K | $176K | 20x | as long as short |
| Extended XCU-USDshort | +0.0640% | 1h | 6.8132 | −0.010% | $223K | $2.8M | 20x |
HTX COPPER-USDT
Phemex COPPERUSDT
BloFin COPPER-USDT
gTrade (Gains Network) HG/USD
Phoenix COPPER
edgeX COPPERUSDC
Vest HG-PERP
Paradex XCU-USD-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD