COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.016%

Price spread now: OKX against Bitget−0.032%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$560.556% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.200%+$20 on $10k

Price spread, last 4 days (all we have)+0.089%+$9 · spread now −0.032%, 7d avg −0.034%

Together, before fees+0.289%+$29 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget COPPERUSDT	6.8340	0	get 0.0000% / 4h	3h 19m	$2.5M	$1.7M	100x
Short	OKX XCU-USDT-SWAP	6.8318	0	get 0.0000% / 8h	3h 19m	$490K	$971K	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 −0.032%Rate

Slippage from Bitget: live order book, 3 min ago; OKX: live order book, 22 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, 3 min ago	0.73 bp	10.5 bp −$10	22.7 bp −$227	79.7 bp −$7,965	doesn't fit
Sell OKX live order book, 22 min ago	0.73 bp	17.1 bp −$17	28.8 bp −$288	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	−0.0403%	1h	6.8332	−0.012%	$35K	$176K	20x	as long as short
tradeXYZ xyz:COPPER	−0.0052%	1h	6.8301	−0.057%	$10.6M	$4.9M	20x	as long as short
QFEX COPPER-USD	−0.0003%	1h	6.8330	−0.015%	$1.5M	$129K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8353	+0.019%	$32K	$27K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8350	+0.014%	$9.1M	$32.9M	100x	as long as short
OKX XCU-USDT-SWAPshort	0.0000%	8h	6.8318	−0.032%	$490K	$971K	50x
Gate XCU_USDT	0.0000%	8h	6.8210	−0.190%	$1.3M	$505K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8340	0.000%	$26.1M	$4.5M	100x	as long as short
Bitget COPPERUSDTlong	0.0000%	4h	6.8340	long leg	$2.5M	$1.7M	100x
Variational Omni COPPER	0.0000%	4h	6.8343	+0.004%	$741K	$1.4M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8320	−0.029%	$87K	$2.2M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8340	0.000%	—	$6.6M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8380	+0.059%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8190	−0.219%	$4.2M	$78K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8342	+0.003%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0005%	4h	6.8312	−0.041%	$95K	$318K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8440	+0.146%	$478K	$40K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8339	−0.001%	$266K	$2.6M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8342	+0.003%	—	$82K	25x	as long as short
Phoenix COPPER	+0.0047%	1h	6.8321	−0.028%	$45K	$23K	20x	as long as short
BloFin COPPER-USDT	+0.0050%	4h	6.8340	0.000%	$88K	$136K	100x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8329	−0.016%	$2K	$2K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8302	−0.056%	$904	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8273	−0.098%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8340	+0.001%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8270	−0.102%	$291K	$32K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8390	+0.073%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8336	−0.006%	$312	—	10x	as long as short