COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0005%/8h= −0.5% APRpaid last 24h −0.060%

Price spread now: BloFin against OKX+0.028%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$370.372% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.211%−$21 on $10k

Price spread, last 3 days (all we have)+0.011%+$1 · spread now +0.028%, 7d avg +0.035%

Together, before fees−0.199%−$20 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XCU-USDT-SWAP	6.8051	0	get 0.0000% / 8h	7h 25m	$470K	$979K	50x
Short	BloFin COPPER-USDT	6.8070	−0.0005	pay 0.0002% / 4h	3h 25m	$87K	$149K	100x

Funding history

latest

Range statsloading…

BloFin against OKX. 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 OKXbpFee BloFinbpOrdersPrice spread, now +0.028%Rate

Slippage from OKX: live order book, 36 min ago; BloFin: live order book, 31 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 36 min ago	0.74 bp	13.0 bp −$13	28.0 bp −$280	doesn't fit	doesn't fit
Sell BloFin live order book, 31 min ago	1.47 bp	7.5 bp −$7	8.9 bp −$89	37.4 bp −$3,743	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	6.7934	−0.172%	$28K	$174K	20x	as long as short
BloFin COPPER-USDTshort	−0.0005%	4h	6.8070	+0.028%	$87K	$149K	100x
Aster XCUUSDT	0.0000%	4h	6.8059	+0.011%	$32K	$36K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8060	+0.013%	$9.1M	$33.4M	100x	as long as short
OKX XCU-USDT-SWAPlong	0.0000%	8h	6.8051	long leg	$470K	$979K	50x
Gate XCU_USDT	0.0000%	8h	6.7920	−0.193%	$1.3M	$492K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8050	−0.001%	$26.8M	$4.9M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8070	+0.028%	$1.7M	$1.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8044	−0.011%	$741K	$1.5M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8080	+0.043%	$87K	$2.1M	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	6.8050	−0.001%	—	$7.2M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8070	+0.028%	$60K	$26K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.7910	−0.207%	$4.2M	$77K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8034	−0.024%	$177K	—	250x	as long as short
tradeXYZ xyz:COPPER	+0.0002%	1h	6.7996	−0.081%	$10.4M	$5.0M	20x	as long as short
QFEX COPPER-USD	+0.0004%	1h	6.8040	−0.016%	$1.5M	$136K	20x	as long as short
edgeX COPPERUSDC	+0.0010%	4h	6.8053	+0.002%	$94K	$317K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8150	+0.145%	$477K	$45K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8028	−0.034%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8048	−0.004%	$1K	$3K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8038	−0.019%	$901	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8004	−0.069%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8043	−0.012%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8050	−0.001%	$258K	$25K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8130	+0.116%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8044	−0.011%	$311	—	10x	as long as short
Phoenix COPPER	+0.0118%	1h	6.8029	−0.032%	$45K	$30K	20x	as long as short
Extended XCU-USD	+0.0344%	1h	6.8041	−0.014%	$228K	$2.9M	20x	as long as short