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

COPPER

RWAall COPPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: OKX against SunX−0.063%47s7-day average −0.027% · 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−0.044%−$4 on $10k
Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.063%, 7d avg −0.027%
Together, before fees−0.048%−$5 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 0.036% cheaper against SunX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.027%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX COPPER-USDT6.83800get 0.0000% / 4h2h 57m$5.4M20x
ShortOKX XCU-USDT-SWAP6.83370get 0.0000% / 8h6h 57m$499K$912K50x

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: −0.063% → −0.027%
−$3.62
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$21.62
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 11 min ago; OKX: live order book, 24 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, 11 min ago46.04 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 24 min ago0.81 bp10.3 bp −$1037.4 bp −$374doesn'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
BloFin COPPER-USDT−0.0035%4h6.8360−0.029%$88K$152K100xas long as short
Aster XCUUSDT0.0000%4h6.8393+0.019%$33K$28K50xas long as short
Binance COPPERUSDT0.0000%4h6.8390+0.015%$9.1M$33.4M100xas long as short
OKX XCU-USDT-SWAPshort0.0000%8h6.8337−0.063%$499K$912K50x
Gate XCU_USDT0.0000%8h6.8220−0.234%$1.3M$183K100xas long as short
MEXC COPPER_USDT0.0000%4h6.83800.000%$26.0M$5.5M100xas long as short
Bitget COPPERUSDT0.0000%4h6.83800.000%$2.9M$1.6M100xas long as short
Variational Omni COPPER0.0000%4h6.8322−0.084%$765K$1.3Mas long as short
GRVT COPPER_USDT_Perp0.0000%4h6.8364−0.023%$91K$2.4M25xas long as short
SunX COPPER-USDTlong0.0000%4h6.8380long leg$5.4M20x
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX COPPER-USDT0.0000%4h6.8390+0.015%$61K$54K75xas long as short
Phemex COPPERUSDT0.0000%4h6.8230−0.219%$4.2M$83K100xas long as short
gTrade (Gains Network) HG/USDL +0.0002% / S −0.0001%1h6.8323−0.083%$178K250xas long as short
edgeX COPPERUSDC+0.0018%4h6.8355−0.037%$95K$318K20xas long as short
QFEX COPPER-USD+0.0020%1h6.8370−0.015%$1.5M$144K20xas long as short
tradeXYZ xyz:COPPER+0.0030%1h6.8331−0.072%$10.8M$4.1M20xas long as short
Extended XCU-USD+0.0032%1h6.8348−0.047%$273K$1.7M20xas long as short
Vest HG-PERP+0.0046%1h6.8350−0.044%$36K25xas long as short
SoDEX COPPER-USD+0.0050%1h6.8334−0.067%$905$6K20xas long as short
Ondo Perps COPPER-USD.P+0.0050%1h6.8402+0.032%$57K$53K15xas long as short
Paradex XCU-USD-PERP+0.0050%8h6.8355−0.037%$2K$1K5xas long as short
Lighter XCU+0.0096%1h6.8489+0.159%$479K$23K20xas long as short
Pacifica COPPER+0.0100%1h6.8361−0.028%$23K$14K10xas long as short
KuCoin COPPERUSDTM+0.0100%4h6.8370−0.015%$266K$39K50xas long as short
Orderly PERP_COPPER_USDC_mythos+0.0100%8h6.8430+0.073%$3K10xas long as short
Aevo COPPER-PERP+0.0104%1h6.8369−0.016%$31310xas long as short
Phoenix COPPER+0.0129%1h6.8336−0.064%$45K$17K20xas long as short
Kraken Futures PF_XCUUSD+0.0330%1h6.8363−0.025%$34K$178K20xas long as short