Funding you earn now, next payment 12:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h +0.022%
Price spread now: OKX against edgeX−0.193%71s7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as 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−$460.457% of the position
Funding, last 7 days+0.220%+$22 on $10k
+Price spread, last 4 days (all we have)+0.218%+$22 · spread now −0.193%, 7d avg −0.014%
=Together, before fees+0.438%+ Points / potential airdropedgeX: Active · farm board+$44 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 0.179% cheaper against edgeX than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.014%. The two prices were read 71 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 | edgeX COPPERUSDC | 6.8102 | 0.0009 | pay 0.0004% / 4h | 3h 36m | $94K | $319K | 20x |
| Short | OKX XCU-USDT-SWAP | 6.7971 | 0 | get 0.0000% / 8h | 7h 36m | $494K | $1.0M | 50x |
edgeX COPPERUSDC
OKX XCU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against edgeX. 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
- −$1.85
- Price spread: −0.193% → −0.014%
- −$17.89
- Slippage, 4 orders
- −$26.73
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$65.48
- Costs to cover
- 0.457%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 62 min ago; OKX: 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 edgeX live order book, 62 min ago | 7.32 bp | 12.7 bp −$13 | 25.4 bp −$254 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.95 bp | 12.9 bp −$13 | 37.3 bp −$373 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COPPER-USDT | −0.0010% | 4h | 6.8090 | −0.018% | $88K | $149K | 100x | as long as short |
| tradeXYZ xyz:COPPER | −0.0007% | 1h | 6.7964 | −0.203% | $10.7M | $4.3M | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8014 | −0.130% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8010 | −0.136% | $9.0M | $33.7M | 100x | as long as short |
| OKX XCU-USDT-SWAPshort | 0.0000% | 8h | 6.7971 | −0.193% | $494K | $1.0M | 50x | |
| Gate XCU_USDT | 0.0000% | 8h | 6.7900 | −0.297% | $1.3M | $508K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8010 | −0.136% | $26.4M | $5.7M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8000 | −0.150% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8104 | +0.002% | $760K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8120 | +0.026% | $93K | $2.4M | 25x | as long as short |
BloFin COPPER-USDT
tradeXYZ xyz:COPPER
Aster XCUUSDT
Binance COPPERUSDT
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX COPPER-USDT | 0.0000% | 4h | 6.8010 | −0.136% | — | $5.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8120 | +0.026% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8010 | −0.136% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.7974 | −0.188% | $177K | — | 250x | as long as short |
| edgeX COPPERUSDClong | +0.0009% | 4h | 6.8102 | long leg | $94K | $319K | 20x | |
| QFEX COPPER-USD | +0.0018% | 1h | 6.8000 | −0.150% | $1.5M | $140K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.7981 | −0.179% | $273K | $1.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7967 | −0.199% | — | $82K | 25x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7982 | −0.177% | $900 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7980 | −0.179% | $1K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8014 | −0.130% | $57K | $53K | 15x | as long as short |
| Lighter XCU | +0.0072% | 1h | 6.8097 | −0.008% | $477K | $27K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0076% | 1h | 6.8020 | −0.121% | $34K | $178K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8009 | −0.137% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7980 | −0.180% | $265K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8090 | −0.018% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8004 | −0.144% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0129% | 1h | 6.8036 | −0.097% | $45K | $22K | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
Extended XCU-USD
Vest HG-PERP
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Lighter XCU
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER