Funding you earn now, next payment 07:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h +0.041%
Price spread now: QFEX against MEXC0.000%7-day average −0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$190.188% of the position
Funding, last 4 days (all we have)+0.070%+$7 on $10k
+Price spread, last 7 days−0.026%−$3 · spread now 0.000%, 7d avg −0.031%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.031% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.031%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC COPPER_USDT | 6.8050 | 0 | get 0.0000% / 4h | 1h 03m | $26.1M | $5.0M | 100x |
| Short | QFEX COPPER-USD | 6.8050 | 0.0003 | get 0.0000% / 1h | 3m 26s | $1.5M | $128K | 20x |
MEXC COPPER_USDT
QFEX COPPER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against MEXC. 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
- $0.54
- Price spread: 0.000% → −0.031%
- $3.11
- Slippage, 4 orders
- −$8.8
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$15.15
- Costs to cover
- 0.188%
- Break-even
- 204.3 days
Slippage from MEXC: live order book, 5 min ago; QFEX: live order book, 3 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 MEXC live order book, 5 min ago | 0.73 bp | 0.7 bp −$1 | 1.8 bp −$18 | 11.9 bp −$1,186 | doesn't fit |
| Sell QFEX live order book, 3 min ago | 2.20 bp | 8.7 bp −$9 | 11.6 bp −$116 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COPPER-USDT | −0.0005% | 4h | 6.8130 | +0.118% | $88K | $143K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8060 | +0.015% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8060 | +0.015% | $9.0M | $34.0M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8041 | −0.013% | $489K | $996K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7930 | −0.176% | $1.3M | $531K | 100x | as long as short |
| MEXC COPPER_USDTlong | 0.0000% | 4h | 6.8050 | long leg | $26.1M | $5.0M | 100x | |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8060 | +0.015% | $2.9M | $2.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8113 | +0.093% | $749K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8131 | +0.119% | $86K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8070 | +0.029% | — | $6.4M | 20x | as long as short |
BloFin COPPER-USDT
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8080 | +0.044% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8070 | +0.029% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8025 | −0.037% | $177K | — | 250x | as long as short |
| QFEX COPPER-USDshort | +0.0003% | 1h | 6.8050 | 0.000% | $1.5M | $128K | 20x | |
| edgeX COPPERUSDC | +0.0019% | 4h | 6.8113 | +0.093% | $94K | $319K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8019 | −0.046% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8097 | +0.069% | $45K | $22K | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8023 | −0.040% | $10.6M | $5.0M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8029 | −0.031% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8030 | −0.030% | $1K | $2K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8018 | −0.047% | $57K | $55K | 15x | as long as short |
| Extended XCU-USD | +0.0064% | 1h | 6.8018 | −0.046% | $272K | $2.3M | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8023 | −0.040% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8080 | +0.044% | $278K | $37K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8130 | +0.118% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8059 | +0.013% | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0108% | 1h | 6.8022 | −0.041% | $34K | $177K | 20x | as long as short |
| Lighter XCU | +0.0136% | 1h | 6.8173 | +0.181% | $477K | $42K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
Vest HG-PERP
Phoenix COPPER
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Extended XCU-USD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD
Lighter XCU