Funding you earn now, next payment 22:00 UTC−0.0061%/8h= −6.7% APRpaid last 24h −0.064%
Price spread now: edgeX against QFEX−0.007%57s7-day average −0.002% · 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—prices read too far apart to compare
costs, in and out, $10k−$450.453% of the position
Funding, last 3 days (all we have)−0.076%−$8 on $10k
+Price spread, last 3 days (all we have)−0.021%−$2 · spread now −0.007%, 7d avg −0.002%
=Together, before fees−0.097%+ Points / potential airdropedgeX: Active · farm board−$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COPPER-USD | 6.7890 | 0.0053 | pay 0.0007% / 1h | 12m 21s | $1.5M | $138K | 20x |
| Short | edgeX COPPERUSDC | 6.7885 | −0.0008 | pay 0.0004% / 4h | 2h 12m | $93K | $319K | 20x |
QFEX COPPER-USD
edgeX COPPERUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$12.83
- Price spread: −0.007% → −0.002%
- −$0.54
- Slippage, 4 orders
- −$26.29
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$58.66
- Costs to cover
- 0.453%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 9 min ago; edgeX: live order book, 11 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, 9 min ago | 4.42 bp | 9.8 bp −$10 | 18.9 bp −$189 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 11 min ago | 7.36 bp | 12.7 bp −$13 | 24.0 bp −$240 | doesn't fit | doesn't fit |
COPPER on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX COPPER-USD | −0.0121% | 1h | 6.7843 | −0.069% | $898 | $3K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0081% | 1h | 6.7844 | −0.068% | $10.4M | $6.0M | 20x | as long as short |
| edgeX COPPERUSDCshort | −0.0008% | 4h | 6.7885 | −0.007% | $93K | $319K | 20x | |
| Aster XCUUSDT | 0.0000% | 4h | 6.7893 | +0.004% | $32K | $52K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7880 | −0.015% | $8.9M | $35.2M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7810 | −0.118% | $469K | $1.2M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7810 | −0.118% | $1.3M | $522K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7880 | −0.015% | $27.1M | $5.1M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.7852 | −0.056% | $752K | $1.6M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.7869 | −0.031% | $91K | $2.3M | 25x | as long as short |
SoDEX COPPER-USD
tradeXYZ xyz:COPPER
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Variational Omni COPPER
GRVT COPPER_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX COPPER-USDT | 0.0000% | 4h | 6.7870 | −0.029% | — | $7.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.7850 | −0.059% | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7860 | −0.044% | $4.2M | $82K | 100x | as long as short |
| Bitget COPPERUSDT | +0.0022% | 4h | 6.7880 | −0.015% | $1.6M | $1.1M | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.7997 | +0.158% | $476K | $47K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.7885 | −0.007% | $234K | $2.9M | 20x | as long as short |
| BloFin COPPER-USDT | +0.0036% | 4h | 6.7880 | −0.015% | $87K | $150K | 100x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7905 | +0.022% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7886 | −0.005% | $1K | $3K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7898 | +0.012% | $64K | $33K | 15x | as long as short |
| QFEX COPPER-USDlong | +0.0053% | 1h | 6.7890 | long leg | $1.5M | $138K | 20x | |
| Pacifica COPPER | +0.0100% | 1h | 6.7896 | +0.009% | $23K | $16K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7810 | −0.118% | $257K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.7920 | +0.044% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7878 | −0.017% | $310 | — | 10x | as long as short |
| Phoenix COPPER | +0.0329% | 1h | 6.7909 | +0.028% | $45K | $30K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0952% | 1h | 6.7847 | −0.064% | $26K | $177K | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
Bitget COPPERUSDT
Lighter XCU
Extended XCU-USD
BloFin COPPER-USDT
Vest HG-PERP
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD