Funding you earn now, next payment 08:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.045%
Price spread now: OKX against Extended−0.065%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$330.327% of the position
Funding, last 7 days−0.109%−$11 on $10k
+Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.065%, 7d avg −0.073%
=Together, before fees−0.065%+ Points / potential airdropExtended: Active · farm board−$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.073%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XCU-USD | 6.8285 | 0.0048 | pay 0.0006% / 1h | 10m 32s | $274K | $2.0M | 20x |
| Short | OKX XCU-USDT-SWAP | 6.8240 | 0 | get 0.0000% / 8h | 10m 32s | $496K | $975K | 50x |
Extended XCU-USD
OKX XCU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Extended. 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
- −$10.08
- Price spread: −0.065% → −0.073%
- $0.78
- Slippage, 4 orders
- −$17.68
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$41.98
- Costs to cover
- 0.327%
- Break-even
- never at this rate
Slippage from Extended: live order book, 3 min ago; OKX: live order book, 16 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 Extended live order book, 3 min ago | 2.12 bp | 6.4 bp −$6 | 50.4 bp −$504 | doesn't fit | doesn't fit |
| Sell OKX live order book, 16 min ago | 0.66 bp | 11.0 bp −$11 | 29.1 bp −$291 | 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 | −0.0032% | 4h | 6.8320 | +0.052% | $89K | $149K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8320 | +0.052% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8310 | +0.037% | $9.0M | $33.5M | 100x | as long as short |
| OKX XCU-USDT-SWAPshort | 0.0000% | 8h | 6.8240 | −0.065% | $496K | $975K | 50x | |
| Gate XCU_USDT | 0.0000% | 8h | 6.8140 | −0.212% | $1.3M | $529K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8300 | +0.022% | $26.7M | $5.3M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8310 | +0.037% | $2.9M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8286 | +0.003% | $766K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8320 | +0.052% | $94K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8300 | +0.022% | — | $6.1M | 20x | as long as short |
BloFin COPPER-USDT
Aster XCUUSDT
Binance COPPERUSDT
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8330 | +0.066% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8170 | −0.168% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8262 | −0.033% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0003% | 4h | 6.8215 | −0.101% | $95K | $320K | 20x | as long as short |
| QFEX COPPER-USD | +0.0017% | 1h | 6.8310 | +0.037% | $1.5M | $137K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8288 | +0.005% | — | $82K | 25x | as long as short |
| Extended XCU-USDlong | +0.0048% | 1h | 6.8285 | long leg | $274K | $2.0M | 20x | |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8251 | −0.049% | $10.6M | $5.0M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8237 | −0.070% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8272 | −0.018% | $2K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8247 | −0.055% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8272 | −0.018% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8280 | −0.007% | $278K | $36K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8350 | +0.096% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8287 | +0.003% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0106% | 1h | 6.8275 | −0.014% | $45K | $22K | 20x | as long as short |
| Lighter XCU | +0.0168% | 1h | 6.8396 | +0.163% | $479K | $27K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0358% | 1h | 6.8252 | −0.048% | $34K | $178K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
Vest HG-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Lighter XCU
Kraken Futures PF_XCUUSD