Open interest
Chart$32.9M +4.8% 24h
| Venue | Open interest | 24h change |
|---|---|---|
| MEXC | $13.4M | +4.9% |
| trade.xyz | $5.3M | +4.1% |
| Phemex | $3.9M | -0.4% |
| Variational | $1.9M | +8.1% |
Commodities perp · up to 250x · 24 venues
XCU perpetual futures carry $32.9M in open interest across 24 venues, led by MEXC with 41%. The contract is down 0.64% over 24 hours. Maximum leverage is 250x, on gTrade; open-interest-weighted funding is 5.4% annualized.
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$32.9M +4.8% 24h
| Venue | Open interest | 24h change |
|---|---|---|
| MEXC | $13.4M | +4.9% |
| trade.xyz | $5.3M | +4.1% |
| Phemex | $3.9M | -0.4% |
| Variational | $1.9M | +8.1% |
$9.1M -40.0% d/d
+5.4% a year
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67% long, large accounts
No order book depth for this market.
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| Venue | Offers 10x | Liquidation | Room | Hold a day |
|---|---|---|---|---|
| Bitget | Yes | $5.73 | −9.5% | $0.00 |
| Gate | Yes | $5.73 | −9.5% | $0.00 |
| MEXC | Yes | $5.73 | −9.5% | $0.00 |
| Phemex | Yes | $5.73 | −9.5% | $0.00 |
| WhiteBIT | Yes | $5.73 | −9.5% | −$28.69 |
| Ostium | Yes | $5.73 | −9.5% | −$0.95 |
| HTX | Yes | $5.74 | −9.4% | $0.00 |
| OKX | Yes | $5.76 | −9.1% | +$14.34 |
| KuCoin | Yes | $5.76 | −9.1% | $0.00 |
| Crypto.com | Yes | $5.76 | −9.1% | +$11.02 |
| gTrade | Yes | $5.76 | −9.0% | −$5.89 |
| trade.xyz | Yes | $5.85 | −7.7% | −$1.58 |
| Extended | Yes | $5.85 | −7.7% | −$0.96 |
| QFEX | Yes | $5.85 | −7.7% | −$2.37 |
| Kraken Futures | Yes | $5.85 | −7.7% | −$1.62 |
| edgeX | Yes | $5.85 | −7.7% | −$0.24 |
| Lighter | Yes | $5.88 | −7.2% | −$0.96 |
| Orderly | Yes | $6.00 | −5.3% | −$2.03 |
| Pacifica | Yes | $6.00 | −5.3% | −$3.00 |
Below 10x:Kalshi Paradex Aster cap not publishedVariational cap not publishedGRVT cap not published
Funding spread 157.1% · long OKX, short WhiteBIT · Price dispersion 177 bps
Dimmed: 5 venues that cap below your 10x.
| MEXC | COPPER_USDT | $6.34 | -0.63% | $13.4M | +4.9% | 41% | $538.2K | 0.04x | 0.0% | 100x |
|---|---|---|---|---|---|---|---|---|---|---|
| trade.xyz | xyz:COPPER | $6.33 | -0.64% | $5.3M | +4.1% | 16% | $2.4M | 0.45x | +5.8% | 20x |
| Phemex | COPPERUSDT | $6.34 | -0.66% | $3.9M | -0.4% | 12% | $64.6K | 0.02x | 0.0% | 100x |
| Variational | COPPER | $6.33 | -0.64% | $1.9M | +8.1% | 5.9% | $869.9K | 0.45x | 0.0% | – |
| WhiteBIT | XCU_PERP | $6.34 | -0.41% | $1.9M | +4.0% | 5.7% | $545.0K | 0.29x | +104.7% | 100x |
| QFEX | COPPER-USD | $6.33 | -0.55% | $1.5M | +4.9% | 4.6% | $1.3M | 0.85x | +8.7% | 20x |
| Bitget | COPPERUSDT | $6.34 | -0.64% | $1.3M | +17.5% | 3.9% | $684.7K | 0.53x | 0.0% | 100x |
| OKX | XCU-USDT-SWAP | $6.33 | -0.67% | $1.3M | +19.7% | 3.8% | $859.4K | 0.68x | -52.4% | 50x |
| KuCoin | COPPERUSDTM | $6.34 | -0.53% | $559.2K | -3.8% | 1.7% | $2.0K | 0.00x | 0.0% | 50x |
| Ostium | HG/USD | $6.25 | -0.83% | $536.9K | 0.0% | 1.6% | not published | – | 0.0% | 50x |
| Gate | XCU_USDT | $6.34 | -0.53% | $424.9K | -1.9% | 1.3% | $109.8K | 0.26x | 0.0% | 100x |
| Lighter | XCU | $6.33 | -0.64% | $263.4K | +9.3% | 0.8% | $170.3K | 0.65x | +3.5% | 20x |
| Extended | XCU-USD | $6.33 | -0.57% | $179.6K | -5.3% | 0.5% | $111.6K | 0.62x | +3.5% | 20x |
| Kalshi | KXCOPPERPERP | $6.36 | -0.72% | $158.8K | +10.8% | 0.5% | $236.4K | 1.49x | +13.9% | 7.9x |
| GRVT | COPPER_USDT_Perp | $6.34 | -0.66% | $104.7K | +3.2% | 0.3% | $152.1K | 1.45x | 0.0% | – |
| Kraken Futures | PF_XCUUSD | $6.36 | -0.86% | $77.1K | +11.7% | 0.2% | $14.9K | 0.19x | +5.9% | 20x |
| edgeX | COPPERUSDC | $6.33 | -0.66% | $70.6K | -0.7% | 0.2% | $297.0K | 4.21x | +0.9% | 20x |
| gTrade | HG/USD | $6.25 | -0.83% | $38.3K | -10.7% | 0.1% | not published | – | +19.5% | 250x |
| Pacifica | COPPER | $6.34 | -0.55% | $38.3K | +3.3% | 0.1% | $18.9K | 0.49x | +10.9% | 10x |
| Aster | XCUUSDT | $6.34 | -0.95% | $29.2K | -0.6% | <0.1% | $4.1K | 0.14x | 0.0% | – |
| HTX | COPPER-USDT | $6.34 | -0.64% | $28.4K | -0.6% | <0.1% | $25.8K | 0.91x | 0.0% | 75x |
| Crypto.com | XCUUSD-PERP | $6.34 | -0.40% | $28.3K | +5.5% | <0.1% | $16.8K | 0.59x | -40.2% | 50x |
| Paradex | XCU-USD-PERP | $6.33 | -0.63% | $2.3K | -0.4% | <0.1% | $0 | 0.00x | +4.8% | 5x |
| Orderly | PERP_COPPER_USDC_mythos | $6.33 | -0.61% | $2.3K | -0.3% | <0.1% | $745.0K | 331.01x | +7.4% | 10x |
| All venues | $6.33 | -0.64% | $32.9M | +4.8% | 100% | $9.1M | 0.28x | +5.4% | 250x |
XCU funding is +5.4% a year, weighted by open interest across 24 venues, with 157.1% between the highest and lowest venue.
Latest settled +128.2% APR · hourly
Latest settled +94.6% APR · hourly
Latest settled +125.3% APR · every 4h
Latest settled +55.6% APR · every 8h
Latest settled +111.3% APR · hourly
Latest settled +128.6% APR · hourly
Latest settled +10.9% APR · every 8h
Latest settled +432.2% APR · hourly
Latest settled +123.9% APR · every 4h
Latest settled +10.9% APR · hourly
Latest settled +131.2% APR · every 4h
Latest settled +64.9% APR · every 4h
Latest settled +53.4% APR · hourly
Latest settled +19.5% APR · hourly
Latest settled 0.0% APR · hourly
Latest settled +91.3% APR · every 8h
Latest settled +138.8% APR · every 4h
Latest settled +116.2% APR · every 8h
Latest settled +129.0% APR · every 4h
Latest settled +161.9% APR · every 4h
Latest settled +144.3% APR · every 4h
Latest settled 0.0% APR · every 4h
Latest settled +181.6% APR · every 4h
Latest settled +221.0% APR · hourly
Latest settled +13.9% APR · every 24h
| Venue | Settlements | 7-day avg APR | Lowest | Highest | Longs paid |
|---|---|---|---|---|---|
| trade.xyz | 168 | +43.2% | -26.8% | +193.6% | 94% of hours |
| Lighter | 166 | +30.1% | +3.5% | +190.1% | 100% of hours |
| Aster | 42 | +37.7% | 0.0% | +184.1% | 52% of hours |
| Paradex | 166 | +23.9% | +4.5% | +108.8% | 100% of hours |
| Extended | 166 | +46.9% | -52.6% | +297.8% | 99% of hours |
| QFEX | 166 | +44.9% | -17.5% | +201.5% | 63% of hours |
| Orderly | 25 | +11.0% | +10.9% | +11.0% | 100% of hours |
| Kraken Futures | 166 | +85.1% | -1173.0% | +4281.2% | 62% of hours |
| Variational | 166 | +42.4% | 0.0% | +255.0% | 45% of hours |
| Pacifica | 166 | +10.9% | +10.9% | +10.9% | 100% of hours |
| edgeX | 48 | +40.6% | -2.0% | +194.2% | 60% of hours |
| GRVT | 45 | +53.3% | 0.0% | +208.5% | 64% of hours |
| Aevo | 164 | +23.8% | +11.4% | +141.0% | 100% of hours |
| gTrade | 116 | +19.5% | +19.5% | +19.5% | 100% of hours |
| Ostium | 166 | 0.0% | 0.0% | 0.0% | 0% of hours |
| OKX | 32 | +15.1% | -3.9% | +99.4% | 32% of hours |
| Bitget | 48 | +43.3% | 0.0% | +181.3% | 55% of hours |
| Gate | 32 | +15.7% | 0.0% | +118.6% | 37% of hours |
| MEXC | 48 | +40.8% | 0.0% | +193.2% | 52% of hours |
| HTX | 48 | +40.5% | 0.0% | +180.4% | 55% of hours |
| KuCoin | 48 | +49.3% | 0.0% | +202.8% | 69% of hours |
| Phemex | 42 | 0.0% | 0.0% | 0.0% | 0% of hours |
| WhiteBIT | 166 | +56.2% | +21.9% | +268.7% | 100% of hours |
| Crypto.com | 165 | +72.2% | -277.7% | +375.8% | 66% of hours |
| Kalshi | 12 | +17.2% | 0.0% | +58.6% | 86% of hours |
XCU open interest is $32.9M across 24 venues.
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XCU long and short liquidations by venue.
$9.1M of XCU traded in the last 24 hours across 24 venues.
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Trades over $100K · liquidations over $10K
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