Copper (XCU) Funding Rate History
Copper (XCU) perpetual futures funding ranges from 0.00 bps on BINANCE to 5.40 bps on CRYPTOCOM across 19 reporting venues, a spread of 5.40 bps. The most extreme rate (59.13% APY annualized) is on CRYPTOCOM. Currently all venues currently report positive funding (longs paying shorts).
A non-zero funding rate spread between venues is the basis for delta-neutral funding arbitrage: long the cheaper-funding exchange and short the more expensive one to capture the spread without picking a side on XCU price.
XCU Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| CRYPTOCOM | 5.40 bps | 59.13% APY | -0.50 bps | $10.12K |
| OKX | 2.20 bps | 24.09% APY | 0.60 bps | $489.81K |
| BINGX | 2.00 bps | 21.90% APY | 1.90 bps | $2.02M |
| PHOENIX | 1.90 bps | 20.80% APY | 2.10 bps | $8.50K |
| KUCOIN | 1.00 bps | 10.95% APY | 0.20 bps | $169.81K |
| GATEIO | 1.00 bps | 10.95% APY | -0.90 bps | $18.88K |
| DECIBEL | 1.00 bps | 10.95% APY | 2.00 bps | $16.23K |
| PACIFICA | 1.00 bps | 10.95% APY | 1.00 bps | $8.51K |
| HUOBI | 1.00 bps | 10.95% APY | 1.00 bps | $2.43K |
| QFEX | 0.80 bps | 8.76% APY | 0.10 bps | $43.82 |
| TRADEXYZ | 0.50 bps | 5.47% APY | 1.50 bps | $4.11M |
| PARADEX | 0.50 bps | 5.47% APY | 0.40 bps | $0 |
| EXTENDED | 0.30 bps | 3.28% APY | 0.40 bps | $1.07M |
| LIGHTER | 0.30 bps | 3.28% APY | 0.50 bps | $96.24K |
| BINANCE | 0.00 bps | 0.00% APY | 0.40 bps | $5.74M |
| GRVT | 0.00 bps | 0.00% APY | 3.70 bps | $1.78M |
| VARIATIONAL | 0.00 bps | 0.00% APY | 0.30 bps | $754.18K |
| PHEMEX | 0.00 bps | 0.00% APY | n/a | $23.06K |
| ASTER | 0.00 bps | 0.00% APY | 0.40 bps | $13.47K |
Last updated 2026-07-16T16:36:16Z (UTC).
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Related: XCU open interest, XCU volume, XCU perp market data.