COT positioning
Long64.1%
Short35.9%
Net position37,710
Increasing Bearish
Commodity
Copper perpetual futures
COPPER perpetual futures on 25 crypto exchanges – live perp price vs the underlying, funding rate, open interest and where to trade COPPERUSDT.
Copper tracked across crypto venues with normalized contract specifications.
$6.22-0.7%
Price chart
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Use the left and right arrow keys to inspect points on the chart.
Underlying · daily close
Auto: underlying reference price
Trading data
Perpetual market activity
26/26 live markets
Trading data
Perpetual market activity
Venues
25
Live markets
26/26
24h volume
$18.8MCoverage: 20/26 marketsExchange-reported volume: $29.4M
Open interest
$38.7MCoverage: 24/26 markets
Best liquidity
$9.5M
Deepcoin
Tightest spread
+0.2 bps
Crypto.com Exchange
Highest volume
$11.4M
Binance
Settlement mix
USDT · 16/26
Perp/spot vol.
-
Venue matrix
26 markets
Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.
| Trade | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Binance | Trade | COPPER/USDT | Trading | $6.22 | +8.3% APR +0.00381% every 4h | +1.6 bps | $1.8M | $11.4M | $9.5M | USDT | - | |
 Hyperliquid HIP-3 | Trade | xyz:COPPER | Trading | $6.21 | +5.5% APR +0.00063% every 1h | +1.8 bps | - | $3.1M | $9M | USDC | 20x | |
 MEXC | Trade | COPPER(XCU)/USDT | Trading | $6.22 | +8.1% APR +0.00370% every 4h | +1.6 bps | $4.8M | $948.8K | $15.2M | USDT | 100x | |
 OKX | Trade | XCU/USDT | Trading | $6.21 | 0.0% APR 0.000% every 8h | +2.1 bps | $251.7K | $746.2K | $1.4M | USDT | 50x | |
 Bitget | Trade | COPPER/USDT | Trading | $6.22 | +3.5% APR +0.00160% every 4h | +1.6 bps | $4.8M | $611.1K | $1.2M | USDT | 100x | |
 Bitunix | Trade | COPPER/USDT | Trading | $6.22 | +1.2% APR +0.00056% every 4h | +1.6 bps | $3M | $278K | $61.5K | USDT | 100x | |
 Extended | Trade | XCU/USD | Trading | $6.21 | +3.5% APR +0.00040% every 1h | +3.1 bps | $149.9K | $272.4K | $188K | USD | 20x | |
 Crypto.com Exchange | Trade | XCU/USD | Trading | $6.22 | -251.3% APR -0.029% every 1h | +0.2 bps | $14.7K | $141.8K | $70K | USD | 50x | |
 Aster | Trade | XCUUSDT | Trading | $6.22 | 0.0% APR 0.000% every 4h | +3.2 bps | $107.9K | $138.4K | $30.3K | USDT | - | |
 BloFin | Trade | COPPER/USDT | Trading | $6.22 | +6.9% APR +0.00316% every 4h | +3.2 bps | $1.9M | $126.5K | $261.9K | USDT | 100x | |
 Gate.io | Trade | XCU/USDT | Trading | $6.22 | 0.0% APR 0.000% every 8h | +8.0 bps | $44.4K | $113.1K | $436.6K | USDT | 100x | |
| BloFin | Trade | XCU/USDT | Trading | $6.21 | -2.3% APR -0.00214% every 8h | +1.1 bps | - | $111.8K | $71.8K | USDT | 20x | |
 Ondo Perps | Trade | COPPER/USD | Trading | $6.22 | - | +21.7 bps | $251.2K | $84.7K | $53.5K | USDC | 15x | |
 KuCoin | Trade | COPPER/USDT | Trading | $6.22 | 0.0% APR 0.000% every 4h | +12.9 bps | $23.6K | $40.9K | $530.8K | USDT | 50x | |
 Kraken | Trade | PF_XCUUSD | Trading | $6.21 | +69.5% APR +0.00794% every 1h | +10.0 bps | $29.9K | $22.1K | $63.8K | USD | - | |
 HTX | Trade | COPPER/USDT | Trading | $6.22 | +2.7% APR +0.00122% every 4h | +43.4 bps | $306.8K | $21.2K | $30.9K | USDT | - | |
 Pacifica | Trade | COPPER/USDC | Trading | $6.21 | +11.0% APR +0.00125% every 1h | +10.5 bps | - | $9.7K | $39.8K | USDC | 10x | |
 Paradex | Trade | XCU/USD | Trading | $6.22 | +17.8% APR +0.016% every 8h | +7,189.2 bps | $0 | $1.3K | $3.4K | USDC | 5x | |
 Aevo | Trade | COPPER/USDC | Trading | $6.22 | +11.4% APR +0.00130% every 1h | +15.9 bps | $204.6K | $0 | $348.6 | USDC | 10x | |
 Vest | Trade | HG/USDC | Trading | $6.12 | +5.0% APR +0.00057% every 1h | +2.5 bps | - | - | - | USDC | 25x | |
 XT.com | Trade | COPPER/USDT | Trading | $6.22 | +8.7% APR +0.00397% every 4h | +1.6 bps | $454.8K | $633.3K | - | USDT | 100x | |
 Ourbit | Trade | COPPER(XCU)/USDT | Trading | $6.22 | +8.1% APR +0.00370% every 4h | +3.2 bps | $6.8M | $6.2M⚠ | $116.6K | USDT | 100x | |
 Deepcoin | Trade | COPPER/USDT | Trading | $6.22 | -5.7% APR -0.00260% every 4h | +1.6 bps | $9.5M | $2.5M⚠ | $294.1K | USDT | 25x | |
 LBank | Trade | XCU/USDT | Trading | $6.22 | +7.4% APR +0.00340% every 4h | +1.6 bps | $5.3M | $649.1K⚠ | $36.5K | USDT | 50x | |
 GRVT | Trade | COPPER/USDT | Trading | $6.22 | +7.7% APR +0.00350% every 4h | +1.6 bps | $338.7K | $636.1K⚠ | $107.3K | USDT | - | |
 Orderly Network | Trade | COPPER/USDC | Trading | $6.22 | +11.0% APR +0.010% every 8h | - | no public depth feed | $622.1K⚠ | $2.2K | USDC | - |
Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100k
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100kBroad liquidity · 19 of 25 venues absorb $10k · Typical cost: +7.0 bps – +17.4 bps
Too thin: Crypto.com Exchange
No fresh book data: Hyperliquid HIP-3, Orderly Network, Pacifica, Paradex, Vest
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
COPPERTightest spread
COPPERHighest volume
COPPERFunding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketNext catalyst
Catalysts
Next catalyst
Catalysts
No unusual perp activity right now.
Reference data
Market context
Reference data
Market context
Bullish
Macro calendar
12UpdatedEventPreviousEstimateActual
USD · Producer Price Index MoM (Oct)1.4 %0.4 %0.3 %
USD · NY Empire State Manufacturing Index (Nov)25.510-
USD · Retail Sales Ex Gas/Autos MoM (Oct)0.2 %0.3 %-
USD · Retail Sales MoM (Oct)0.8 %0 %-
USD · Retail Sales Ex Autos MoM (Oct)0.9 %0.4 %-
USD · FOMC Minutes---
USD · Jobless Claims 4-Week Average (Nov/14)195.25 K192 K-
USD · Initial Jobless Claims (Nov/14)200 K200 K-
USD · Continuing Jobless Claims (Nov/07)1,6971,725-
USD · S&P Global Services PMI (Nov)56.1 Points--
USD · S&P Global Manufacturing PMI (Nov)54.9 Points--
USD · Core PPI MoM (Oct)0.8 %0.3 %0.3 %
Frequently asked questions
Where can I trade COPPER perpetual futures?
Copper (COPPER) perpetual futures trade on 25 crypto venues, including Binance, Ourbit, Hyperliquid HIP-3. PerpEquities compares them by live price, funding rate, open interest and liquidity.
Can I trade COPPER around the clock?
Yes. Unlike the underlying stock, COPPER perpetuals trade 24/7 — including weekends and outside regular market hours.
What is the funding rate on COPPER perpetuals?
Right now the COPPER perp funding rate is +6.9% annualized (venue median), ranging from +5.5% to +8.3% across 25 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.
What is a COPPER perpetual future?
A COPPER perpetual is a derivative that tracks the price of Copper with no expiry date. It lets you take long or short exposure to Copper on crypto venues, around the clock.
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