Funding you earn now, next payment 03:00 UTC0.0000%/8h= +0.1% APRpaid last 24h −0.052%
Price spread now: Binance against QFEX+0.059%7-day average +0.034% · 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−$24as in the Price arb table
costs, in and out, $10k−$270.269% of the position
Funding, last 4 days (all we have)−0.070%−$7 on $10k
+Price spread, last 7 days−0.033%−$3 · spread now +0.059%, 7d avg +0.034%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.025% dearer against QFEX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.034%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COPPER-USD | 6.8120 | 0.0000 | get 0.0000% / 1h | 36m 51s | $1.5M | $129K | 20x |
| Short | Binance COPPERUSDT | 6.8160 | 0 | get 0.0000% / 4h | 1h 36m | $9.0M | $32.4M | 100x |
QFEX COPPER-USD
Binance COPPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $0.1
- Price spread: +0.059% → +0.034%
- $2.51
- Slippage, 4 orders
- −$6.9
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$24.3
- Costs to cover
- 0.269%
- Break-even
- 1694.3 days
Slippage from QFEX: live order book, 5 min ago; Binance: 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 QFEX live order book, 5 min ago | 2.20 bp | 7.2 bp −$7 | 11.3 bp −$113 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 0.73 bp | 6.8 bp −$7 | 11.0 bp −$110 | 86.1 bp −$8,608 | 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-USDlong | 0.0000% | 1h | 6.8120 | long leg | $1.5M | $129K | 20x | |
| Aster XCUUSDT | 0.0000% | 4h | 6.8163 | +0.063% | $32K | $21K | 50x | as long as short |
| Binance COPPERUSDTshort | 0.0000% | 4h | 6.8160 | +0.059% | $9.0M | $32.4M | 100x | |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8111 | −0.013% | $469K | $942K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7970 | −0.220% | $1.3M | $485K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8150 | +0.044% | $26.0M | $4.2M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8150 | +0.044% | $1.7M | $999K | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8072 | −0.071% | $741K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8110 | −0.015% | $87K | $2.0M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8140 | +0.029% | — | $6.7M | 20x | as long as short |
Aster XCUUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_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 | 6.8170 | +0.073% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8030 | −0.132% | $4.2M | $75K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8118 | −0.003% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0008% | 4h | 6.8060 | −0.088% | $94K | $317K | 20x | as long as short |
| Phoenix COPPER | +0.0012% | 1h | 6.8094 | −0.038% | $45K | $23K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0040% | 4h | 6.8150 | +0.044% | $88K | $143K | 100x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8114 | −0.009% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8122 | +0.004% | $1K | $2K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8129 | +0.013% | $10.4M | $4.8M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8114 | −0.009% | $902 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8127 | +0.010% | $57K | $55K | 15x | as long as short |
| Lighter XCU | +0.0064% | 1h | 6.8253 | +0.195% | $478K | $39K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8119 | −0.001% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8160 | +0.059% | $258K | $21K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8180 | +0.088% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8128 | +0.011% | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0195% | 1h | 6.8140 | +0.029% | $32K | $176K | 20x | as long as short |
| Extended XCU-USD | +0.0624% | 1h | 6.8130 | +0.014% | $223K | $2.8M | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
Phoenix COPPER
BloFin COPPER-USDT
Vest HG-PERP
Paradex XCU-USD-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD
Extended XCU-USD