Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: Orderly against OKX+0.153%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.153% dearer against OKX than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX XCU-USDT-SWAP | 6.8535 | 0 | get 0.0000% / 8h | 5h 03m | $521K | $813K | 50x |
| Short | Orderly PERP_COPPER_USDC_mythos | 6.8640 | 0.0100 | get 0.0100% / 8h | 5h 03m | $3K | — | 10x |
OKX XCU-USDT-SWAP
Orderly PERP_COPPER_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $21
- Price spread: +0.153% → 0.000%
- $15.32
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $20.32
- Costs to cover
- 0.160%
- Break-even
- 0.2 days
Slippage unknown: OKX: live order book, 41 min ago; Orderly: no order-book sample. Net counts fees only.
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, 41 min ago | 0.73 bp | 13.0 bp −$13 | 34.5 bp −$345 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
COPPER on 28 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XCUUSDT | 0.0000% | 4h | 6.8600 | +0.095% | $35K | $31K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8600 | +0.095% | $9.1M | $32.3M | 100x | as long as short |
| OKX XCU-USDT-SWAPlong | 0.0000% | 8h | 6.8535 | long leg | $521K | $813K | 50x | |
| Gate XCU_USDT | 0.0000% | 8h | 6.8410 | −0.182% | $1.3M | $184K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8600 | +0.095% | $26.3M | $5.7M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8580 | +0.066% | $3.9M | $2.1M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8557 | +0.032% | $774K | $540K | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8589 | +0.079% | $91K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8600 | +0.095% | — | $4.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8610 | +0.109% | $61K | $71K | 75x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8450 | −0.124% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8567 | +0.047% | $179K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0009% | 4h | 6.8570 | +0.051% | $95K | $320K | 20x | as long as short |
| QFEX COPPER-USD | +0.0011% | 1h | 6.8570 | +0.051% | $1.5M | $151K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8665 | +0.190% | $481K | $25K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8568 | +0.048% | $267K | $1.7M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8566 | +0.045% | — | $36K | 25x | as long as short |
| BloFin COPPER-USDT | +0.0049% | 4h | 6.8610 | +0.109% | $90K | $155K | 100x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8589 | +0.079% | $10.9M | $3.9M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8583 | +0.070% | $908 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8577 | +0.061% | $2K | $825 | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8586 | +0.074% | $59K | $54K | 15x | as long as short |
| Phoenix COPPER | +0.0093% | 1h | 6.8593 | +0.085% | $44K | $18K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8576 | +0.059% | $24K | $13K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8590 | +0.080% | $267K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythosshort | +0.0100% | 8h | 6.8640 | +0.153% | $3K | — | 10x | |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8583 | +0.070% | $313 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0336% | 1h | 6.8585 | +0.073% | $34K | $180K | 20x | as long as short |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
Lighter XCU
Extended XCU-USD
Vest HG-PERP
BloFin COPPER-USDT
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Phoenix COPPER
Pacifica COPPER
KuCoin COPPERUSDTM
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD