CopperReference
6.5821+0.43%Difference +0.0284

Price: mark price · perpetual futures / vs. 24h earlier / / Saved / stale

Five daily saved mark prices, 2026-10-15 to 2026-10-19 / Low 6.56 · High 6.5821

Price-discovery chart

Solid line = the referenced cash market is in session / dotted line = outside the session (overnight and weekends); both show the same perpetual-futures reference value (line styles are not distinguished at narrow display widths). About the data

Open interest (contracts)1740351.9399999999 contracts

Saved open interest, contract count

Funding rate (per hour)0.00000625

Saved funding rate, per-hour decimal

A perpetual-futures reference on the price of copper, a base metal. Perpetual futures have no expiry date.

Source: Hyperliquid · Last updated · Perpetual-futures reference value

References a commodity price. The reference is quoted in USDC. Hyperliquid xyz perpetual-futures reference.

How to read the chart

Reference chart of Hyperliquid perpetual-futures candles for Copper, not the official cash-market chart.

Reference value and method

How the numbers and formulas on this page work: Symbol page guide.

Copper is shown as a Hyperliquid perpetual-futures reference, and 24h compares against the previous-day reference for the same contract, not a cash price, official index, exchange close, or cash previous close.

Observed value at 2026-09-27 22:04 UTC

Asset class
Commodity perpetual-futures reference
Source
Hyperliquid / xyz:COPPER
Price unit
USDC reference
Reference value
USDC 6.7549
24h
-0.54%
Method
Use the mid price; use the mark price only when no mid price can be obtained
Referenced contracts
xyz:COPPER
Observed time
Saved observation

Ratio = 6.7549 / 6.7918 − 1 = -0.54% (shown as a percentage, rounded to two decimal places).

Hyperliquid field names: mid price = midPx; mark price = markPx; previous-day reference = prevDayPx.

This site does not provide investment advice.

Range position

2026-01-14 – 2026-10-08 · 268 daily candles (settled only). Daily candles are 24-hour perpetual-futures values, not official exchange closes.

Low for this period
USDC 5.0411 (2026-03-21)
High for this period
USDC 6.9321 (2026-09-22)
Position
90.6%
Reference used for position
USDC 6.7549
Observed at

Highs and lows after the collection period are not included.

Symbol facts and market observations

About this symbol

It references the USD price of one pound of high-grade copper.

Sources: trade[XYZ] (contract issuer), U.S. Geological Survey (USGS), U.S. Geological Survey (USGS).

Delivery is only from exchange-designated warehouses, with no freight adjustment. The minimum price increment is $0.0005 per pound, or $12.50 for 1 contract. Copper was added to the U.S. critical minerals list on 7 November 2025, as published in Federal Register notice 90 FR 50494. All of the above is from CME Group and the U.S. Geological Survey.

Sourced explanations (17)

Explanations may include summaries and translations. Follow the source links for the original text.

Contract and trading hours

  • It references the USD price of one pound of high-grade copper. From the contract specification, retrieved 23 August 2026.

    Source: trade[XYZ] (contract issuer)

  • The external price references a designated futures contract. It rolls to the next contract in 20% steps from the 5th to the 10th business day of the month. From the contract specification, retrieved 23 August 2026.

    Source: trade[XYZ] (contract issuer)

  • External pricing runs from Sunday 18:00 ET to Friday 17:00 ET. A maintenance window applies from 17:00 to 18:00 ET, Monday through Thursday. From the contract specification, retrieved 23 August 2026.

    Source: trade[XYZ] (contract issuer)

  • The referenced futures use only five contract months: March, May, July, September and December. Unlike crude oil and natural gas, the reference does not roll every month. From the contract specification, retrieved 24 August 2026.

    Source: trade[XYZ] (contract issuer)

  • The minimum price increment is $0.0005 per pound. For 1 contract, it is $12.50. From the CME contract specification retrieved 25 August 2026.

    Source: CME Group (COMEX)

Business and products

  • U.S. copper and copper-alloy products were used in building construction 42%, electrical and electronic products 23%, transportation equipment 18%, consumer and general products 10%, and industrial machinery and equipment 7%. USGS reports these figures from the Copper Development Association. Figures published by the USGS in January 2025.

    Source: U.S. Geological Survey (USGS)

  • In the United States in 2025, an estimated 160,000 metric tons of copper came from old scrap and an estimated 760,000 metric tons from new manufacturing scrap. Copper recovered from scrap contributed about 30% of the U.S. copper supply. From the USGS publication issued in February 2026.

    Source: U.S. Geological Survey (USGS)

Basic information

  • Estimated 2024 mine production was 23,000 thousand tons worldwide: Chile 5,300, Congo (Kinshasa) 3,300, Peru 2,600, China 1,800, and the United States and Indonesia at 1,100 thousand tons each. Figures published by the USGS in January 2025.

    Source: U.S. Geological Survey (USGS)

  • Reserves were estimated at 980,000 thousand metric tons worldwide at the end of 2025. Chile held 180,000, Australia 100,000 and Peru 85,000 thousand metric tons. From the USGS publication issued in February 2026.

    Source: U.S. Geological Survey (USGS)

  • Refinery production was estimated at 29,000 thousand metric tons worldwide in 2025. China produced 14,000, the Democratic Republic of the Congo 2,800 and Chile 1,700 thousand metric tons. From the USGS publication issued in February 2026.

    Source: U.S. Geological Survey (USGS)

  • The delivery unit for COMEX copper futures is 25,000 pounds, with a weight tolerance of 2% above or below that amount. From Chapter 111 of the COMEX rules, retrieved 25 August 2026.

    Source: CME Group (COMEX)

  • Deliverable material is Grade 1 electrolytic copper cathode meeting ASTM B115-00. From Chapter 111 of the COMEX rules, retrieved 25 August 2026.

    Source: CME Group (COMEX)

  • Delivery is only from exchange-designated warehouses. No freight adjustment is made. From Chapter 111 of the COMEX rules, retrieved 25 August 2026.

    Source: CME Group (COMEX)

  • World copper reserves total 980,000,000 metric tons, including 180,000,000 in Chile and 100,000,000 in Australia. From USGS material published in February 2026.

    Source: U.S. Geological Survey

  • In 2025, the United States recovered an estimated 160,000 metric tons of copper from old scrap and 760,000 metric tons from new scrap. Scrap accounted for approximately 30% of U.S. copper supply. From USGS material published in February 2026.

    Source: U.S. Geological Survey

  • Copper was added to the U.S. critical minerals list on 7 November 2025. The change was published in Federal Register notice 90 FR 50494. From USGS material published in February 2026.

    Source: U.S. Geological Survey

Customers and regions

  • The recoverable copper content of U.S. mine production was an estimated 1.0 million metric tons in 2025. Arizona accounted for approximately 70% of domestic output. From the USGS publication issued in February 2026.

    Source: U.S. Geological Survey (USGS)

Market observations Retrieved: 2026-09-27 22:04 UTC

24h volume Retrieved: 2026-09-27 22:04 UTC

Notional (USDC)
614,437.74
Contracts
90,533.530
Nominal / quantity
6.786853Notional ÷ contracts, using the values before rounding; rounded to six decimal places

Open interest (OI) Retrieved: 2026-09-27 22:04 UTC

Bars: OI nominal 12,584,184.83 USDC vs 24h turnover 614,437.74 USDC at the actual ratio, with 100% width = OI nominal 12,584,184.83 USDC.
Open interest (contracts)
1,863,026.460
Mark price
6.7547
Notional (contracts × mark price)
12,584,184.83Contracts × mark price, using the values before rounding; USDC, rounded to two decimal places

Funding rate Retrieved: 2026-09-27 22:04 UTC

Funding: Hourly 0.0000294107 = 0.00294107% (shown as a percentage); ×24 (daily conversion) = 0.07058568%; ×24×365 (365-day conversion) = 25.7637732% (simple multiplications, not accrued amounts). The marker in the diagram shows the sign only (this value is positive).

Hourly
0.0000294107As a percentage: 0.00294107%
×24 (daily conversion)
0.07058568%
×24×365 (365-day conversion)
25.7637732%

Hyperliquid field names and values before rounding: notional = dayNtlVlm 614437.7409039981 USDC; contracts = dayBaseVlm 90533.5300000001; open interest = openInterest 1863026.4600000025 contracts; mark price = 6.7547; hourly funding rate = funding 0.0000294107.

Daily observation log (67 saved daily records) Latest: 2026-10-17 22:04:59.595 UTC

Latest: 2026-10-17 22:04:59.595 UTC · Records with missing fields: 0/67 · Missing dates: 4

Show 67 saved daily records

Hyperliquid field names: Mid price = midPx; Previous-day reference = prevDayPx; Open interest = openInterest; 24h notional volume (USDC) = dayNtlVlm. vs previous-day reference = midPx / prevDayPx - 1.

Scroll horizontally to see all columns.

Observed at (UTC) Mid price Previous-day reference vs previous-day reference Open interest 24h notional volume (USDC)
6.6151 6.6101 +0.08% 2205923.7400000002 1079231.9353300002
6.6426 6.6145 +0.42% 2176121.7600000002 858729.5675840003
6.6758 6.641 +0.52% 2328687.3199999998 4479126.8688030001
6.6774 6.6737 +0.06% 2511568.1000000001 4232986.3079250008
6.677 6.6849 -0.12% 3155863.5800000001 6992226.5989270015
6.6806 6.6791 +0.02% 3326970.8599999999 7151915.8072110014
6.7489 6.678 +1.06% 2951154.9199999999 10693770.6786950007
6.759 6.7488 +0.15% 3754780.3599999999 5943080.3838269981
6.7118 6.7384 -0.39% 3733471.5600000001 7641169.9249480022
6.556 6.7127 -2.33% 3769438.1000000001 11154266.2911980078
6.6121 6.5517 +0.92% 4039573.0800000001 7741209.5836719992
6.5818 6.614 -0.49% 3890719.9399999999 14375777.0706919953
6.6797 6.5836 +1.46% 3740126.2000000002 10671795.0726519972
6.6599 6.6806 -0.31% 3756205.7200000002 2089621.1604559999
6.6814 6.6616 +0.30% 3678104.7799999998 1119404.182449
6.7077 6.6852 +0.34% 3885352.8599999999 7794702.3871180015
6.8081 6.7096 +1.47% 3793304.8999999999 5691836.6377329985
6.7011 6.8078 -1.57% 3917077.2200000002 5837255.0802879995
6.6947 6.7077 -0.19% 3968051.1400000001 3946661.6400549999
6.6444 6.6951 -0.76% 3895406.0600000001 4755685.8164489986
6.6687 6.644 +0.37% 3906365.6400000001 2036136.8137910007
6.6398 6.6698 -0.45% 4027394.02 1389257.1514369999
6.6928 6.6472 +0.69% 3627602.5600000001 4496923.0442379983
6.5297 6.6971 -2.50% 3121937.6400000001 14169551.2239060029
6.6079 6.5344 +1.12% 3050351.7599999998 4473669.036239001
6.6717 6.6056 +1.00% 3051959.6600000001 2396327.4069580012
6.667 6.6726 -0.08% 2441780.2999999998 6076108.5839070026
6.7007 6.667 +0.51% 2450755.8999999999 343640.099767
6.6757 6.7011 -0.38% 2525890.9799999986 1723407.5171720006
6.8711 6.7807 +1.33% 2517651.8800000004 6802882.0810860023
6.5344 6.8615 -4.77% 2590198.1399999997 11756592.4768509995
6.5564 6.5423 +0.22% 2633870.0000000005 3391408.2145349975
6.5183 6.5581 -0.61% 2638547.5600000001 3934650.3466559988
6.4056 6.5069 -1.56% 1878235.2600000002 7794792.6809479976
6.4583 6.4049 +0.83% 1975436.8200000001 4693497.2294069994
6.4399 6.453 -0.20% 1784491.8 5631666.5052650068
6.6133 6.4314 +2.83% 1626517.02 4923762.4409279982
6.7031 6.6161 +1.31% 1688127.5599999998 2938707.8893369995
6.6717 6.7038 -0.48% 1721280.9199999999 1986386.2500420001
6.7069 6.6713 +0.53% 1691349.2799999996 1261067.3833489995
6.7893 6.6929 +1.44% 1528674.9800000004 5827111.4782329984
6.9029 6.7918 +1.64% 1635455.2 3980409.4917849991
6.7918 6.9016 -1.59% 1548296.48 5905266.7189239962
6.7767 6.7901 -0.20% 1691027.78 4102350.9471129989
6.7796 6.7762 +0.05% 1765563.26 3157003.1269490002
6.7915 6.78 +0.17% 1851880.8200000001 1523830.496851
6.7549 6.7918 -0.54% 1863026.4600000025 614437.7409039981
6.623 6.7854 -2.39% 1744885.0 8348993.9799180003
6.6625 6.6151 +0.72% 1947883.8800000004 6641893.613911001
6.6316 6.6688 -0.56% 2085449.2999999993 7833405.1878010044
6.5776 6.6483 -1.06% 2091849.6199999999 8224843.9413559912
6.5925 6.5875 +0.08% 1994475.48 5538650.1877310006
6.5842 6.5953 -0.17% 1988332.1200000001 423759.435222
6.5948 6.584 +0.16% 2019922.1199999994 676198.1878729997
6.6464 6.5824 +0.97% 1719543.8600000001 7085428.8962080022
6.6608 6.6431 +0.27% 1723334.2799999998 3265673.0189850018
6.6658 6.6701 -0.06% 1889353.9399999999 6724442.2877049986
6.5496 6.6677 -1.77% 1878310.1000000003 16859096.5933349989
6.705 6.5648 +2.14% 1599782.4400000002 8936165.9506219961
6.7214 6.706 +0.23% 1593101.0199999993 506870.0375079999
6.7032 6.7197 -0.25% 1595518.5399999991 915894.7809900007
6.7671 6.7233 +0.65% 1742467.6600000011 8060698.6443510028
6.7274 6.7675 -0.59% 1900480.4999999998 7033211.3720200071
6.6244 6.7214 -1.44% 2052021.0199999998 10187019.4836570024
6.5646 6.6318 -1.01% 1991846.74 6076185.8011020003
6.5651 6.5627 +0.04% 1964581.6800000002 3043662.5389450002
6.559 6.565 -0.09% 1993324.7800000012 1311829.5626830007

Dates without a saved record in the displayed period: 2026-08-16, 2026-09-07, 2026-09-08, 2026-09-13.

Period range (67 records with a mid price)

Period range over 67 daily log rows: first mid price 6.6151; last mid price 6.559; highest mid price in the period 6.9029; lowest mid price in the period 6.4056.

First mid price2026-08-08 22:05:00.098 UTC
6.6151
Last mid price2026-10-17 22:04:59.595 UTC
6.559
Highest mid price in the period2026-09-22 23:26:40.158 UTC
6.9029
Lowest mid price in the period2026-09-14 22:04:52.949 UTC
6.4056

Market hours

Trading hours Local time 17:00-16:00
Days Weekdays. Check the related venue calendar for holidays.

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Frequently asked questions

Is this a cash price?

Gold, silver, platinum, and palladium reference spot prices in cash markets. Because copper, crude oil, and natural gas have no cash spot market, they reference specified futures contracts.

What happens when the contract month changes for a symbol that references futures?

The reference shifts to the next contract month in 20% increments from the fifth through the tenth business day of each month. During the transition, the reference value is calculated by weighting the two contract months.

What are the units?

Gold, silver, platinum, and palladium use one troy ounce. Copper uses one pound, crude oil uses one barrel, and natural gas uses one MMBtu. All are denominated in USD.

What dates do the figures for uses and production refer to?

They are figures from publications by the U.S. Geological Survey (USGS) and the U.S. Energy Information Administration (EIA). Each entry states either the publication date or the data year in its text.