COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.022%

Price spread now: OKX against Bitget−0.050%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$440.435% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.186%+$19 on $10k

Price spread, last 4 days (all we have)+0.099%+$10 · spread now −0.050%, 7d avg −0.034%

Together, before fees+0.284%+$28 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget COPPERUSDT	6.8110	0	get 0.0000% / 4h	3h 50m	$1.7M	$1.0M	100x
Short	OKX XCU-USDT-SWAP	6.8076	0	get 0.0000% / 8h	7h 50m	$470K	$992K	50x

Funding history

latest

Range statsloading…

OKX against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BitgetbpFee OKXbpOrdersPrice spread, now −0.050%Rate

Slippage from Bitget: live order book, 1 min ago; OKX: live order book, 11 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 1 min ago	0.73 bp	10.8 bp −$11	23.8 bp −$238	83.7 bp −$8,375	doesn't fit
Sell OKX live order book, 11 min ago	0.74 bp	8.3 bp −$8	30.3 bp −$303	doesn't fit	doesn't fit

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	−0.0448%	1h	6.7960	−0.220%	$28K	$174K	20x	as long as short
edgeX COPPERUSDC	−0.0016%	4h	6.8080	−0.044%	$93K	$318K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8104	−0.009%	$32K	$36K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8100	−0.015%	$9.0M	$34.1M	100x	as long as short
OKX XCU-USDT-SWAPshort	0.0000%	8h	6.8076	−0.050%	$470K	$992K	50x
Gate XCU_USDT	0.0000%	8h	6.7960	−0.220%	$1.3M	$491K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8090	−0.029%	$26.8M	$4.9M	100x	as long as short
Bitget COPPERUSDTlong	0.0000%	4h	6.8110	long leg	$1.7M	$1.0M	100x
Variational Omni COPPER	0.0000%	4h	6.8094	−0.023%	$741K	$1.6M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8100	−0.015%	$94K	$2.2M	25x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX COPPER-USDT	0.0000%	4h	6.8100	−0.015%	—	$7.4M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8130	+0.029%	$60K	$27K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.7950	−0.235%	$4.2M	$78K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8068	−0.061%	$177K	—	250x	as long as short
QFEX COPPER-USD	+0.0004%	1h	6.8090	−0.029%	$1.5M	$139K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8062	−0.070%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8099	−0.016%	$1K	$3K	5x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8065	−0.066%	$10.4M	$5.1M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8068	−0.062%	$901	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8101	−0.013%	$57K	$55K	15x	as long as short
BloFin COPPER-USDT	+0.0051%	4h	6.8080	−0.044%	$87K	$150K	100x	as long as short
Lighter XCU	+0.0056%	1h	6.8203	+0.137%	$477K	$45K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8077	−0.048%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8040	−0.103%	$258K	$25K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8160	+0.073%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8085	−0.036%	$311	—	10x	as long as short
Phoenix COPPER	+0.0118%	1h	6.8087	−0.034%	$45K	$30K	20x	as long as short
Extended XCU-USD	+0.0368%	1h	6.8066	−0.064%	$228K	$2.9M	20x	as long as short