Funding you earn now, next payment 23:00 UTC−0.0015%/8h= −1.7% APRpaid last 24h +0.019%
Price spread now: QFEX against Bitget−0.029%7-day average −0.037% · 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−$36as in the Price arb table
costs, in and out, $10k−$370.369% of the position
Funding, last 3 days (all we have)+0.022%+$2 on $10k
+Price spread, last 7 days+0.014%+$1 · spread now −0.029%, 7d avg −0.037%
=The price spread sits at its 7-day average of −0.037%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget COPPERUSDT | 6.7960 | 0 | get 0.0000% / 4h | 1h 36m | $1.7M | $1.0M | 100x |
| Short | QFEX COPPER-USD | 6.7940 | −0.0015 | pay 0.0002% / 1h | 36m 34s | $1.5M | $135K | 20x |
Bitget COPPERUSDT
QFEX COPPER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$3.23
- Price spread: −0.029% → −0.037%
- $0.8
- Slippage, 4 orders
- −$14.87
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$39.29
- Costs to cover
- 0.369%
- Break-even
- never at this rate
Slippage from Bitget: live order book, just now; QFEX: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bitget live order book, just now | 0.74 bp | 11.6 bp −$12 | 22.9 bp −$229 | 90.2 bp −$9,023 | doesn't fit |
| Sell QFEX live order book, 5 min ago | 2.21 bp | 8.7 bp −$9 | 12.2 bp −$122 | doesn't fit | doesn't fit |
COPPER on 28 venues
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX COPPER-USDshort | −0.0015% | 1h | 6.7940 | −0.029% | $1.5M | $135K | 20x | |
| edgeX COPPERUSDC | −0.0012% | 4h | 6.7975 | +0.022% | $93K | $317K | 20x | as long as short |
| BloFin COPPER-USDT | −0.0010% | 4h | 6.7940 | −0.029% | $87K | $149K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7960 | 0.000% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7964 | +0.006% | $8.9M | $34.6M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7923 | −0.054% | $466K | $1.2M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7820 | −0.206% | $1.3M | $499K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7960 | 0.000% | $26.9M | $5.1M | 100x | as long as short |
| Bitget COPPERUSDTlong | 0.0000% | 4h | 6.7960 | long leg | $1.7M | $1.0M | 100x | |
| Variational Omni COPPER | 0.0000% | 4h | 6.7977 | +0.025% | $739K | $1.6M | — | as long as short |
edgeX COPPERUSDC
BloFin COPPER-USDT
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Variational Omni COPPERShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.7985 | +0.036% | $90K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7960 | 0.000% | — | $7.7M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8000 | +0.059% | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7910 | −0.074% | $4.2M | $81K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.7924 | −0.053% | $176K | — | 10x | as long as short |
| tradeXYZ xyz:COPPER | +0.0011% | 1h | 6.7910 | −0.074% | $10.4M | $5.3M | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8040 | +0.118% | $476K | $45K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.7929 | −0.045% | $231K | $2.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7921 | −0.057% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7956 | −0.005% | $1K | $3K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7914 | −0.068% | $899 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7914 | −0.068% | $56K | $55K | 15x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0060% | 1h | 6.7939 | −0.031% | $26K | $176K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7937 | −0.034% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7950 | −0.015% | $258K | $26K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8030 | +0.103% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7959 | −0.001% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0329% | 1h | 6.7946 | −0.021% | $45K | $30K | 20x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
tradeXYZ xyz:COPPER
Lighter XCU
Extended XCU-USD
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER