Settings8H · net · $10k
Funding arb · Price arb /

COPPER

RWAall COPPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: OKX against SunX−0.045%7-day average −0.024% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.022%−$2 on $10k
Price spread, last 4 days (all we have)−0.022%−$2 · spread now −0.045%, 7d avg −0.024%
Together, before fees−0.044%−$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.021% cheaper against SunX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.024%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX COPPER-USDT6.81700get 0.0000% / 4h1h 32m$6.7M20x
ShortOKX XCU-USDT-SWAP6.81390get 0.0000% / 8h5h 32m$469K$942K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against SunX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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

Profit calculator

Funding earned
$0
Price spread: −0.045% → −0.024%
−$2.15
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$20.15
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 6 min ago; OKX: live order book, 19 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 6 min ago46.24 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 19 min ago0.66 bp8.6 bp −$926.4 bp −$264doesn't fitdoesn't fit

COPPER on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX COPPER-USD0.0000%1h6.8150−0.029%$1.5M$129K20xas long as short
Aster XCUUSDT0.0000%4h6.8176+0.009%$32K$21K50xas long as short
Binance COPPERUSDT0.0000%4h6.8184+0.020%$9.0M$32.4M100xas long as short
OKX XCU-USDT-SWAPshort0.0000%8h6.8139−0.045%$469K$942K50x
Gate XCU_USDT0.0000%8h6.8010−0.235%$1.3M$491K100xas long as short
MEXC COPPER_USDT0.0000%4h6.8180+0.015%$26.0M$4.2M100xas long as short
Bitget COPPERUSDT0.0000%4h6.8180+0.015%$1.7M$999K100xas long as short
Variational Omni COPPER0.0000%4h6.8152−0.027%$742K$1.4Mas long as short
GRVT COPPER_USDT_Perp0.0000%4h6.8177+0.011%$87K$2.0M25xas long as short
SunX COPPER-USDTlong0.0000%4h6.8170long leg$6.7M20x
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX COPPER-USDT0.0000%4h6.8210+0.059%$61K$24K75xas long as short
Phemex COPPERUSDT0.0000%4h6.8060−0.161%$4.2M$75K100xas long as short
gTrade (Gains Network) HG/USDL +0.0002% / S −0.0001%1h6.8145−0.037%$178K250xas long as short
Phoenix COPPER+0.0012%1h6.8180+0.015%$45K$23K20xas long as short
edgeX COPPERUSDC+0.0016%4h6.8152−0.027%$94K$318K20xas long as short
Vest HG-PERP+0.0046%1h6.8144−0.038%$82K25xas long as short
Paradex XCU-USD-PERP+0.0050%8h6.8160−0.015%$1K$2K5xas long as short
tradeXYZ xyz:COPPER+0.0050%1h6.8143−0.040%$10.4M$4.8M20xas long as short
SoDEX COPPER-USD+0.0050%1h6.8139−0.045%$902$3K20xas long as short
Ondo Perps COPPER-USD.P+0.0050%1h6.8131−0.057%$57K$55K15xas long as short
BloFin COPPER-USDT+0.0051%4h6.81700.000%$88K$143K100xas long as short
Lighter XCU+0.0064%1h6.8274+0.153%$478K$39K20xas long as short
Pacifica COPPER+0.0100%1h6.8153−0.025%$23K$14K10xas long as short
KuCoin COPPERUSDTM+0.0100%4h6.8160−0.015%$258K$21K50xas long as short
Orderly PERP_COPPER_USDC_mythos+0.0100%8h6.8220+0.073%$3K10xas long as short
Aevo COPPER-PERP+0.0104%1h6.8161−0.014%$31210xas long as short
Kraken Futures PF_XCUUSD+0.0195%1h6.8155−0.022%$32K$176K20xas long as short
Extended XCU-USD+0.0640%1h6.8143−0.040%$223K$2.8M20xas long as short