Funding you earn now, next payment 05:00 UTC+0.0003%/8h= +0.4% APRpaid last 24h −0.030%
Price spread now: Aster against QFEX+0.049%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.049% dearer against QFEX than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COPPER-USD | 6.8250 | −0.0003 | get 0.0000% / 1h | 9m 54s | $1.5M | $129K | 20x |
| Short | Aster XCUUSDT | 6.8283 | 0 | get 0.0000% / 4h | 3h 09m | $32K | $27K | 50x |
QFEX COPPER-USD
Aster XCUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against QFEX. 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
- $0.71
- Price spread: +0.049% → 0.000%
- $4.88
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$12.41
- Costs to cover
- 0.180%
- Break-even
- 130.1 days
Slippage unknown: QFEX: live order book, 2 min ago; Aster: no order-book sample. Net counts fees only.
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 QFEX live order book, 2 min ago | 2.20 bp | 8.7 bp −$9 | 11.7 bp −$117 | doesn't fit | doesn't fit |
| Sell Aster no order-book sample | — | — | — | — | — |
Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCUUSD | −0.0404% | 1h | 6.8253 | +0.004% | $35K | $176K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0051% | 1h | 6.8237 | −0.019% | $10.6M | $4.9M | 20x | as long as short |
| QFEX COPPER-USDlong | −0.0003% | 1h | 6.8250 | long leg | $1.5M | $129K | 20x | |
| Aster XCUUSDTshort | 0.0000% | 4h | 6.8283 | +0.049% | $32K | $27K | 50x | |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8270 | +0.029% | $9.1M | $33.0M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8245 | −0.007% | $489K | $971K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8170 | −0.117% | $1.3M | $505K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8270 | +0.029% | $26.2M | $4.5M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8250 | 0.000% | $2.5M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8252 | +0.003% | $740K | $1.4M | — | as long as short |
Kraken Futures PF_XCUUSD
tradeXYZ xyz:COPPER
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
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 | 6.8310 | +0.087% | $87K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8260 | +0.015% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8300 | +0.073% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8150 | −0.147% | $4.2M | $78K | 100x | as long as short |
| edgeX COPPERUSDC | +0.0001% | 4h | 6.8283 | +0.049% | $95K | $317K | 20x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8260 | +0.015% | $178K | — | 250x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8373 | +0.180% | $477K | $40K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8273 | +0.034% | $269K | $2.5M | 20x | as long as short |
| BloFin COPPER-USDT | +0.0036% | 4h | 6.8260 | +0.015% | $88K | $135K | 100x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8262 | +0.018% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8285 | +0.051% | $45K | $23K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8250 | +0.001% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8235 | −0.022% | $904 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8314 | +0.094% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8267 | +0.025% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8280 | +0.044% | $278K | $35K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8330 | +0.117% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8251 | +0.001% | $312 | — | 10x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
edgeX COPPERUSDC
gTrade (Gains Network) HG/USD
Lighter XCU
Extended XCU-USD
BloFin COPPER-USDT
Vest HG-PERP
Phoenix COPPER
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP