Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.013%
Price spread now: OKX against SoDEX−0.047%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.047% cheaper against SoDEX than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX COPPER-USD | 6.8106 | 0.0050 | pay 0.0006% / 1h | 46m 56s | $902 | $3K | 20x |
| Short | OKX XCU-USDT-SWAP | 6.8074 | 0 | get 0.0000% / 8h | 5h 46m | $472K | $939K | 50x |
SoDEX COPPER-USD
OKX XCU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against SoDEX. 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
- −$10.5
- Price spread: −0.047% → 0.000%
- −$4.7
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$33.2
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; OKX: live order book, 4 min ago. 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell OKX live order book, 4 min ago | 0.66 bp | 8.6 bp −$9 | 26.4 bp −$264 | doesn't fit | doesn't fit |
SoDEX: 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 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 XCU-USDT | −0.0021% | 8h | 6.8114 | +0.012% | — | $267K | 20x | as long as short |
| QFEX COPPER-USD | 0.0000% | 1h | 6.8120 | +0.021% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8107 | +0.001% | $32K | $21K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8097 | −0.013% | $9.0M | $32.4M | 100x | as long as short |
| OKX XCU-USDT-SWAPshort | 0.0000% | 8h | 6.8074 | −0.047% | $472K | $939K | 50x | |
| Gate XCU_USDT | 0.0000% | 8h | 6.7980 | −0.185% | $1.3M | $478K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8090 | −0.023% | $26.0M | $4.2M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8100 | −0.009% | $1.7M | $999K | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8132 | +0.038% | $742K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8154 | +0.071% | $95K | $2.0M | 25x | as long as short |
BloFin XCU-USDT
QFEX COPPER-USD
Aster XCUUSDT
Binance COPPERUSDT
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX COPPER-USDT | 0.0000% | 4h | 6.8130 | +0.035% | — | $6.7M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8180 | +0.109% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7980 | −0.185% | $4.2M | $75K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8100 | −0.009% | $178K | — | 250x | as long as short |
| Phoenix COPPER | +0.0012% | 1h | 6.8126 | +0.029% | $45K | $23K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0015% | 4h | 6.8146 | +0.059% | $94K | $319K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8101 | −0.007% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8113 | +0.011% | $1K | $2K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8070 | −0.053% | $10.4M | $4.8M | 20x | as long as short |
| SoDEX COPPER-USDlong | +0.0050% | 1h | 6.8106 | long leg | $902 | $3K | 20x | |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8095 | −0.016% | $57K | $55K | 15x | as long as short |
| Lighter XCU | +0.0064% | 1h | 6.8233 | +0.186% | $477K | $39K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8117 | +0.016% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8090 | −0.023% | $258K | $21K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8200 | +0.138% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8129 | +0.033% | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0195% | 1h | 6.8133 | +0.040% | $32K | $176K | 20x | as long as short |
| Extended XCU-USD | +0.0520% | 1h | 6.8067 | −0.057% | $224K | $2.8M | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
Phoenix COPPER
edgeX COPPERUSDC
Vest HG-PERP
Paradex XCU-USD-PERP
tradeXYZ xyz:COPPER
Ondo Perps COPPER-USD.P
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD
Extended XCU-USD