XCU (Copper) perpetual futuresOpen interest
Chart$32.9M +4.8% 24h
| Venue | Open interest | 24h change |
|---|---|---|
| MEXC | $13.4M | +4.9% |
| trade.xyz | $5.2M | +4.1% |
| Phemex | $3.9M | -0.4% |
| Variational | $1.9M | +8.1% |
Commodities perp · up to 250x · 25 venues
XCU (Copper) perpetual futures
XCU perpetual futures carry $32.9M in open interest across 25 venues, led by MEXC with 41%. The contract is down 0.84% over 24 hours. Maximum leverage is 250x, on gTrade; open-interest-weighted funding is 5.6% annualized.
Get Real-Time XCU Trade Alerts
Big position builds, funding swings and 10% days, by email. Unsubscribe in one click.
As of
- trade.xyz, 110 markets
- Lighter, 209 markets
- Aster, 577 markets
- Paradex, 66 markets
- Extended, 340 markets
- QFEX, 237 markets
- Orderly, 142 markets
- Kraken Futures, 209 markets
- Variational, 588 markets
- Pacifica, 78 markets
- edgeX, 157 markets
- GRVT, 184 markets
- Aevo, 102 markets
- gTrade, 178 markets
- Ostium, 83 markets
- OKX, 543 markets
- Bitget, 930 markets
- Gate, 1077 markets
- MEXC, 1204 markets
- HTX, 410 markets
- KuCoin, 721 markets
- Phemex, 147 markets
- WhiteBIT, 395 markets
- Crypto.com, 414 markets
- Kalshi, 86 markets
$6.33Live
Loading the price chart.
XCU at a glance
Volume, 24h
Chart$9.0M -40.0% d/d
- Volume / OI
- 0.28x
- Nov 11, full day
- $8.8M
- Nov 5: $28.1M
- Nov 6: $37.1M
- Nov 7: $4.9M
- Nov 8: $4.3M
- Nov 9: $25.6M
- Nov 10: $14.7M
- Nov 11: $8.8M
Funding
Chart+5.6% a year
- Widest venue gap
- 167.4% long OKX, short WhiteBIT
- Paid over 24h, MEXC
- +0.130% longs paid
Liquidations
Chart$0 24h
LongsShorts
| Window | Longs liquidated against shorts liquidated | Amount |
|---|---|---|
| 1h | recording | |
| 4h | recording | |
| 24h | recording | |
| 7d | recording |
Taker flow
No trade data for this market.
Long vs short
Accounts67% long, large accounts
- Long / short
- $2.6M / $1.3M
- Accounts
- 7 long · 7 short (1.00 L/S)
Liquidity ±1%
No order book depth for this market.
Liquidations within 5%
Map- Longs, price down 5%
- $13.2K
- Shorts, price up 5%
- $16.7K
- Heaviest long level
- $8.5K near $6.16 (-2.6%)
- Heaviest short level
- $16.5K near $6.51 (+2.9%)
XCU at your leverage
- Liquidation price
- $5.72 −9.5% from $6.33 on Bitget
- Position
- $10,000 +$100 for each 1% move
- Today at 10x
- −$84.11 −8.4% of margin from the 24-hour change
- Hold a day
- $0.00 Funding and borrow at today's rate
| Venue | Offers 10x | Liquidation | Room | Hold a day |
|---|---|---|---|---|
| Bitget | Yes | $5.72 | −9.5% | $0.00 |
| Gate | Yes | $5.72 | −9.5% | $0.00 |
| MEXC | Yes | $5.72 | −9.5% | $0.00 |
| Phemex | Yes | $5.72 | −9.5% | $0.00 |
| WhiteBIT | Yes | $5.72 | −9.5% | −$30.56 |
| Ostium | Yes | $5.73 | −9.5% | −$0.95 |
| HTX | Yes | $5.73 | −9.4% | $0.00 |
| OKX | Yes | $5.75 | −9.1% | +$15.29 |
| KuCoin | Yes | $5.75 | −9.1% | $0.00 |
| Crypto.com | Yes | $5.75 | −9.1% | +$11.02 |
| gTrade | Yes | $5.76 | −9.0% | −$5.89 |
| trade.xyz | Yes | $5.84 | −7.7% | −$1.50 |
| Extended | Yes | $5.84 | −7.7% | −$0.96 |
| QFEX | Yes | $5.84 | −7.7% | −$2.71 |
| Kraken Futures | Yes | $5.84 | −7.7% | −$1.62 |
| edgeX | Yes | $5.84 | −7.7% | −$0.08 |
| Lighter | Yes | $5.87 | −7.2% | −$0.96 |
| Orderly | Yes | $5.99 | −5.3% | −$2.02 |
| Pacifica | Yes | $5.99 | −5.3% | −$3.00 |
| Aevo | Yes | $5.99 | −5.3% | −$3.12 |
Below 10x:Kalshi Paradex Aster cap not publishedVariational cap not publishedGRVT cap not published
XAUT
BRENTOIL
PAXG
HYPEXCU perpetual market
Funding spread 167.4% · long OKX, short WhiteBIT · Price dispersion 188 bps
Shorts pay Longs pay (blue tint: negative funding, red tint: positive funding, stronger at larger rates)
View
Dimmed: 5 venues that cap below your 10x.
| MEXC | COPPER_USDT | $6.33 | -0.80% | $13.4M | +4.9% | 41% | $541.5K | 0.04x | 0.0% | 100x |
|---|---|---|---|---|---|---|---|---|---|---|
| trade.xyz | xyz:COPPER | $6.32 | -0.85% | $5.2M | +4.1% | 16% | $2.3M | 0.44x | +5.5% | 20x |
| Phemex | COPPERUSDT | $6.33 | -0.80% | $3.9M | -0.4% | 12% | $63.7K | 0.02x | 0.0% | 100x |
| Variational | COPPER | $6.33 | -0.68% | $1.9M | +8.1% | 5.9% | $875.3K | 0.45x | 0.0% | – |
| WhiteBIT | XCU_PERP | $6.32 | -0.80% | $1.9M | +4.0% | 5.6% | $536.1K | 0.29x | +111.6% | 100x |
| QFEX | COPPER-USD | $6.32 | -0.83% | $1.5M | +4.9% | 4.5% | $1.3M | 0.86x | +9.9% | 20x |
| Bitget | COPPERUSDT | $6.33 | -0.80% | $1.3M | +17.5% | 3.9% | $686.5K | 0.53x | 0.0% | 100x |
| OKX | XCU-USDT-SWAP | $6.32 | -0.80% | $1.3M | +19.7% | 3.8% | $760.9K | 0.60x | -55.8% | 50x |
| KuCoin | COPPERUSDTM | $6.33 | -0.71% | $558.4K | -3.8% | 1.7% | $1.8K | 0.00x | 0.0% | 50x |
| Ostium | HG/USD | $6.24 | -1.05% | $536.9K | 0.0% | 1.6% | not published | – | 0.0% | 50x |
| Gate | XCU_USDT | $6.34 | -0.74% | $424.6K | -1.9% | 1.3% | $110.0K | 0.26x | 0.0% | 100x |
| Lighter | XCU | $6.32 | -0.72% | $264.6K | +9.3% | 0.8% | $173.1K | 0.65x | +3.5% | 20x |
| Extended | XCU-USD | $6.32 | -0.73% | $182.1K | -5.3% | 0.6% | $114.0K | 0.63x | +3.5% | 20x |
| Kalshi | KXCOPPERPERP | $6.35 | -0.80% | $158.6K | +10.8% | 0.5% | $236.0K | 1.49x | +13.9% | 7.9x |
| GRVT | COPPER_USDT_Perp | $6.33 | -0.79% | $101.2K | +3.2% | 0.3% | $174.8K | 1.73x | 0.0% | – |
| Kraken Futures | PF_XCUUSD | $6.35 | -1.04% | $77.1K | +11.7% | 0.2% | $14.7K | 0.19x | +5.9% | 20x |
| edgeX | COPPERUSDC | $6.33 | -0.77% | $70.6K | -0.7% | 0.2% | $299.1K | 4.24x | +0.3% | 20x |
| Pacifica | COPPER | $6.33 | -0.81% | $38.3K | +3.3% | 0.1% | $11.8K | 0.31x | +10.9% | 10x |
| gTrade | HG/USD | $6.24 | -1.05% | $38.3K | -10.7% | 0.1% | not published | – | +19.5% | 250x |
| Aster | XCUUSDT | $6.33 | -0.95% | $29.1K | -0.6% | <0.1% | $4.1K | 0.14x | 0.0% | – |
| HTX | COPPER-USDT | $6.34 | -0.71% | $28.4K | -0.6% | <0.1% | $25.8K | 0.91x | 0.0% | 75x |
| Crypto.com | XCUUSD-PERP | $6.32 | -0.74% | $28.2K | +5.5% | <0.1% | $16.8K | 0.59x | -40.2% | 50x |
| Paradex | XCU-USD-PERP | $6.33 | -0.79% | $2.3K | -0.4% | <0.1% | $0 | 0.00x | +5.3% | 5x |
| Orderly | PERP_COPPER_USDC_mythos | $6.33 | -0.89% | $2.2K | -0.3% | <0.1% | $786.3K | 349.78x | +7.4% | 10x |
| Aevo | COPPER-PERP | $6.36 | -0.32% | $291 | +0.1% | <0.1% | not published | – | +11.4% | 10x |
| All venues | $6.33 | -0.84% | $32.9M | +4.8% | 100% | $9.0M | 0.28x | +5.6% | 250x |
XCU funding rate
XCU funding is +5.6% a year, weighted by open interest across 25 venues, with 167.4% between the highest and lowest venue.
XCU funding settlements, 7 days
trade.xyz
Latest settled +5.5% APR · hourly
Lighter
Latest settled +3.5% APR · hourly
Aster
Latest settled 0.0% APR · every 4h
Paradex
Latest settled +2.5% APR · every 8h
Extended
Latest settled -29.8% APR · hourly
QFEX
Latest settled -14.1% APR · hourly
Orderly
Latest settled +7.5% APR · every 8h
Kraken Futures
Latest settled +14.2% APR · hourly
Variational
Latest settled 0.0% APR · every 4h
Pacifica
Latest settled +10.9% APR · hourly
edgeX
Latest settled +1.5% APR · every 4h
GRVT
Latest settled 0.0% APR · every 4h
Aevo
Latest settled +20.1% APR · hourly
gTrade
Latest settled +19.5% APR · hourly
Ostium
Latest settled 0.0% APR · hourly
OKX
Latest settled -33.2% APR · every 8h
Bitget
Latest settled 0.0% APR · every 4h
Gate
Latest settled 0.0% APR · every 8h
MEXC
Latest settled 0.0% APR · every 4h
HTX
Latest settled 0.0% APR · every 4h
KuCoin
Latest settled 0.0% APR · every 4h
Phemex
Latest settled 0.0% APR · every 4h
WhiteBIT
Latest settled +65.7% APR · every 4h
Crypto.com
Latest settled -40.2% APR · hourly
Kalshi
Latest settled +13.9% APR · every 24h
| Venue | Settlements | 7-day avg APR | Lowest | Highest | Longs paid |
|---|---|---|---|---|---|
| trade.xyz | 168 | +42.9% | -41.3% | +193.6% | 93% of hours |
| Lighter | 167 | +31.0% | -8.8% | +190.1% | 99% of hours |
| Aster | 42 | +37.2% | 0.0% | +184.1% | 50% of hours |
| Paradex | 167 | +24.1% | -6.7% | +108.8% | 99% of hours |
| Extended | 167 | +46.6% | -140.2% | +297.8% | 98% of hours |
| QFEX | 167 | +46.0% | -32.4% | +201.5% | 64% of hours |
| Orderly | 30 | +10.9% | +7.5% | +11.0% | 100% of hours |
| Kraken Futures | 167 | +91.8% | -1173.0% | +4281.2% | 65% of hours |
| Variational | 167 | +44.1% | 0.0% | +255.0% | 45% of hours |
| Pacifica | 167 | +10.9% | +10.9% | +10.9% | 100% of hours |
| edgeX | 47 | +42.3% | -2.0% | +194.2% | 60% of hours |
| GRVT | 47 | +53.5% | -37.6% | +208.5% | 63% of hours |
| Aevo | 165 | +25.3% | +11.4% | +141.0% | 100% of hours |
| gTrade | 117 | +19.5% | +19.5% | +19.5% | 100% of hours |
| Ostium | 167 | 0.0% | 0.0% | 0.0% | 0% of hours |
| OKX | 30 | +17.0% | -33.2% | +99.4% | 32% of hours |
| Bitget | 47 | +45.0% | 0.0% | +181.3% | 54% of hours |
| Gate | 30 | +18.2% | 0.0% | +121.7% | 37% of hours |
| MEXC | 47 | +42.5% | 0.0% | +193.2% | 51% of hours |
| HTX | 47 | +41.9% | 0.0% | +180.4% | 54% of hours |
| KuCoin | 47 | +51.2% | 0.0% | +202.8% | 68% of hours |
| Phemex | 44 | 0.0% | 0.0% | 0.0% | 0% of hours |
| WhiteBIT | 167 | +58.8% | +21.9% | +268.7% | 100% of hours |
| Crypto.com | 166 | +70.9% | -277.7% | +375.8% | 65% of hours |
| Kalshi | 18 | +19.0% | 0.0% | +58.6% | 85% of hours |
XCU open interest
XCU open interest is $32.9M across 25 venues.
XCU liquidation map
Range
Current price $6.35. Hover or use the arrow keys to read a level.
| Price range | Longs | Shorts |
|---|---|---|
| $5.99 to $6.00 | $71.1K | $0 |
| $5.76 to $5.78 | $65.4K | $0 |
| $6.53 to $6.54 | $0 | $16.5K |
| $6.73 to $6.75 | $0 | $11.0K |
| $6.80 to $6.81 | $0 | $10.8K |
| $6.18 to $6.19 | $8.5K | $0 |
| $6.70 to $6.72 | $0 | $6.3K |
| $6.22 to $6.24 | $4.8K | $0 |
| $6.51 to $6.53 | $0 | $267 |
| $5.81 to $5.83 | $141 | $0 |
| $6.81 to $6.83 | $0 | $1 |
113 accounts on trade.xyz · $3.7M long · $4.0M short · Nov 12, 02:00 UTC
XCU liquidation history
XCU long and short liquidations by venue.
XCU volume and order flow
$9.0M of XCU traded in the last 24 hours across 25 venues.
XCU order book and taker flow
trade.xyz
| Window | Taker buys | Taker sells | Net | Buy share |
|---|---|---|---|---|
| 1 hour | – | – | – | – |
| 4 hours | – | – | – | – |
| 12 hours | – | – | – | – |
| 24 hours | – | – | – | – |
| 3 days | $8.7M | $10.1M | −$1.3M | 46% |
| 7 days | – | – | – | – |
XCU large trades, 7 days
Trades over $100K · liquidations over $10K
| Time | Venue | Trade | Size | Price |
|---|---|---|---|---|
| Nov 10, 15:50 UTC | trade.xyz | Taker sell | $102.5K | $6.33 |
| Nov 9, 23:17 UTC | trade.xyz | Taker sell | $101.3K | $6.43 |
| Nov 9, 19:42 UTC | OKX | Short liquidated | $14.5K | $6.44 |
| Nov 9, 19:42 UTC | OKX | Short liquidated | $14.5K | $6.44 |
| Nov 9, 12:34 UTC | trade.xyz | Taker buy | $110.1K | $6.36 |
| Nov 9, 03:39 UTC | trade.xyz | Taker sell | $161.4K | $6.36 |
| Nov 5, 19:27 UTC | Bitget | Long liquidated | $19.4K | $6.21 |
XCU news
Loading the latest XCU headlines.
XCU listing and leverage changes
| When | Venue | Change |
|---|---|---|
| Nov 9, 2026 | gTrade HG/USD | Listed again |
| Sep 29, 2026 to Nov 9, 2026 | gTrade HG/USD | Max leverage moves between 25x and 250x (25 changes), now 250x |
| Nov 6, 2026 | gTrade HG/USD | Delisted |
| Nov 6, 2026 | Kalshi KXCOPPERPERP | Max leverage changed from 7.8507x to 7.9x |
| Nov 2, 2026 | gTrade HG/USD | Listed again |
| Oct 30, 2026 | gTrade HG/USD | Delisted |
| Oct 25, 2026 | gTrade HG/USD | Listed again |
| Oct 23, 2026 | gTrade HG/USD | Delisted |
| Oct 18, 2026 | gTrade HG/USD | Listed again |
| Oct 17, 2026 | gTrade HG/USD | Delisted |
| Oct 4, 2026 | gTrade HG/USD | Listed again |
| Oct 2, 2026 | gTrade HG/USD | Delisted |