Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h −0.047%
Price spread now: MEXC against OKX+0.106%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$5as in the Price arb table
costs, in and out, $10k−$140.136% of the position
Funding, last 7 days−0.204%−$20 on $10k
+Price spread, last 3 days (all we have)−0.147%−$15 · spread now +0.106%, 7d avg +0.018%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.088% dearer against OKX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.018%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX XCU-USDT-SWAP | 6.7828 | 0 | get 0.0000% / 8h | 4h 23m | $559K | $1.1M | 50x |
| Short | MEXC COPPER_USDT | 6.7900 | 0 | get 0.0000% / 4h | 23m 26s | $25.6M | $4.1M | 100x |
OKX XCU-USDT-SWAP
MEXC COPPER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against OKX. 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
- $0
- Price spread: +0.106% → +0.018%
- $8.79
- Slippage, 4 orders
- −$3.65
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$4.86
- Costs to cover
- 0.136%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; MEXC: live order book, 9 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 OKX live order book, 2 min ago | 0.07 bp | 5.1 bp −$5 | 27.9 bp −$279 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 9 min ago | 0.74 bp | 0.7 bp −$1 | 1.9 bp −$19 | 8.5 bp −$853 | 246.9 bp −$123.5K |
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 | −0.0035% | 4h | 6.7890 | +0.091% | $88K | $146K | 100x | as long as short |
| edgeX COPPERUSDC | −0.0004% | 4h | 6.7885 | +0.085% | $93K | $316K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7869 | +0.061% | $32K | $52K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7908 | +0.118% | $9.0M | $34.7M | 100x | as long as short |
| OKX XCU-USDT-SWAPlong | 0.0000% | 8h | 6.7828 | long leg | $559K | $1.1M | 50x | |
| Gate XCU_USDT | 0.0000% | 8h | 6.7750 | −0.115% | $1.3M | $518K | 100x | as long as short |
| MEXC COPPER_USDTshort | 0.0000% | 4h | 6.7900 | +0.106% | $25.6M | $4.1M | 100x | |
| Variational Omni COPPER | 0.0000% | 4h | 6.7885 | +0.084% | $753K | $1.6M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.7900 | +0.106% | $95K | $2.0M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7910 | +0.121% | — | $7.9M | 20x | as long as short |
BloFin COPPER-USDT
edgeX COPPERUSDC
Aster XCUUSDT
Binance COPPERUSDT
Gate XCU_USDT
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 | 6.7930 | +0.150% | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7900 | +0.106% | $4.2M | $80K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.7851 | +0.035% | $176K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0014% | 1h | 6.7900 | +0.106% | $1.5M | $89K | 20x | as long as short |
| Phoenix COPPER | +0.0024% | 1h | 6.7865 | +0.055% | $45K | $30K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.7855 | +0.040% | $240K | $2.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7851 | +0.034% | — | $82K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.7863 | +0.052% | $10.5M | $5.8M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7852 | +0.035% | $898 | $3K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7889 | +0.090% | $1K | $3K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7881 | +0.078% | $62K | $20K | 15x | as long as short |
| Bitget COPPERUSDT | +0.0084% | 4h | 6.7910 | +0.121% | $1.7M | $1.0M | 100x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0095% | 1h | 6.7888 | +0.089% | $26K | $209K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7901 | +0.108% | $25K | $11K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7860 | +0.047% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.7950 | +0.180% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7903 | +0.111% | $310 | — | 10x | as long as short |
| Lighter XCU | +0.0144% | 1h | 6.7979 | +0.223% | $476K | $46K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
Phoenix COPPER
Extended XCU-USD
Vest HG-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Bitget COPPERUSDT
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Lighter XCU