COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0003%/8h= −0.4% APRpaid last 24h +0.039%

Price spread now: QFEX against Binance−0.015%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$260.259% of the position

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.070%+$7 on $10k

Price spread, last 7 days−0.004%$0 · spread now −0.015%, 7d avg −0.033%

Together, before fees+0.066%+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance COPPERUSDT	6.8290	0	get 0.0000% / 4h	3h 02m	$9.1M	$33.0M	100x
Short	QFEX COPPER-USD	6.8280	−0.0003	pay 0.0000% / 1h	2m 07s	$1.5M	$129K	20x

Funding history

latest

Range statsloading…

QFEX against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee BinancebpFee QFEXbpOrdersPrice spread, now −0.015%Rate

Slippage from Binance: live order book, 10 min ago; QFEX: live order book, 5 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 10 min ago	0.73 bp	5.7 bp −$6	8.8 bp −$88	48.8 bp −$4,878	doesn't fit
Sell QFEX live order book, 5 min ago	2.20 bp	7.2 bp −$7	10.9 bp −$109	doesn't fit	doesn't fit

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_XCUUSD	−0.0403%	1h	6.8281	−0.014%	$35K	$176K	20x	as long as short
tradeXYZ xyz:COPPER	−0.0046%	1h	6.8284	−0.009%	$10.6M	$4.9M	20x	as long as short
QFEX COPPER-USDshort	−0.0003%	1h	6.8280	−0.015%	$1.5M	$129K	20x
Aster XCUUSDT	0.0000%	4h	6.8287	−0.004%	$32K	$27K	50x	as long as short
Binance COPPERUSDTlong	0.0000%	4h	6.8290	long leg	$9.1M	$33.0M	100x
OKX XCU-USDT-SWAP	0.0000%	8h	6.8271	−0.028%	$490K	$970K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8210	−0.117%	$1.3M	$505K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8300	+0.015%	$26.5M	$4.6M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8290	0.000%	$2.5M	$1.7M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8283	−0.010%	$740K	$1.4M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8300	+0.015%	$87K	$2.2M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8300	+0.015%	—	$6.6M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8320	+0.044%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8170	−0.176%	$4.2M	$78K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8295	+0.007%	$178K	—	250x	as long as short
BloFin COPPER-USDT	+0.0002%	4h	6.8300	+0.015%	$88K	$136K	100x	as long as short
edgeX COPPERUSDC	+0.0016%	4h	6.8283	−0.010%	$95K	$319K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8405	+0.168%	$478K	$40K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8296	+0.009%	$264K	$2.5M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8296	+0.009%	—	$82K	25x	as long as short
Phoenix COPPER	+0.0047%	1h	6.8300	+0.015%	$45K	$23K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8280	−0.014%	$2K	$2K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8279	−0.016%	$904	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8306	+0.023%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8303	+0.019%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8250	−0.059%	$278K	$35K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8350	+0.088%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8289	−0.001%	$312	—	10x	as long as short