Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.011%
Price spread now: OKX against tradeXYZ+0.009%7-day average −0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$430.434% of the position
Funding, last 7 days+0.051%+$5 on $10k
+Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.009%, 7d avg −0.037%
=Together, before fees+0.059%+ Points / potential airdroptradeXYZ: Active · farm board+$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.045% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.037%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.051%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COPPER | 6.8134 | 0.0050 | pay 0.0006% / 1h | 51m 31s | $10.4M | $4.8M | 20x |
| Short | OKX XCU-USDT-SWAP | 6.8140 | 0 | get 0.0000% / 8h | 5h 51m | $472K | $938K | 50x |
tradeXYZ xyz:COPPER
OKX XCU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against tradeXYZ. 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
- −$10.5
- Price spread: +0.009% → −0.037%
- $4.54
- Slippage, 4 orders
- −$15.42
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$49.37
- Costs to cover
- 0.434%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 7 min ago; OKX: live order book, 65 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 tradeXYZ live order book, 7 min ago | 0.07 bp | 10.7 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 65 min ago | 0.81 bp | 7.6 bp −$8 | 28.4 bp −$284 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX COPPER-USD | 0.0000% | 1h | 6.8130 | −0.006% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8180 | +0.067% | $32K | $21K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8152 | +0.027% | $9.1M | $32.4M | 100x | as long as short |
| OKX XCU-USDT-SWAPshort | 0.0000% | 8h | 6.8140 | +0.009% | $472K | $938K | 50x | |
| Gate XCU_USDT | 0.0000% | 8h | 6.8020 | −0.167% | $1.3M | $478K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8160 | +0.038% | $26.0M | $4.2M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8150 | +0.023% | $1.7M | $998K | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8154 | +0.029% | $742K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8195 | +0.090% | $88K | $2.0M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8180 | +0.068% | — | $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 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8240 | +0.156% | $61K | $25K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7990 | −0.211% | $4.2M | $75K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8134 | 0.000% | $178K | — | 250x | as long as short |
| Phoenix COPPER | +0.0012% | 1h | 6.8168 | +0.050% | $45K | $23K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0018% | 4h | 6.8170 | +0.053% | $94K | $318K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8104 | −0.044% | — | $82K | 25x | as long as short |
| Lighter XCU | +0.0048% | 1h | 6.8251 | +0.172% | $478K | $39K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8151 | +0.025% | $1K | $2K | 5x | as long as short |
| tradeXYZ xyz:COPPERlong | +0.0050% | 1h | 6.8134 | long leg | $10.4M | $4.8M | 20x | |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8141 | +0.010% | $902 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8139 | +0.007% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8141 | +0.011% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8160 | +0.038% | $258K | $21K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8230 | +0.141% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8167 | +0.049% | $312 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0195% | 1h | 6.8155 | +0.031% | $32K | $176K | 20x | as long as short |
| Extended XCU-USD | +0.0456% | 1h | 6.8115 | −0.028% | $224K | $2.8M | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
Phoenix COPPER
edgeX COPPERUSDC
Vest HG-PERP
Lighter XCU
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD
Extended XCU-USD