Funding you earn now, next payment 02:00 UTC−0.0005%/8h= −0.5% APRnext payment −$0.01 per $10,000 · paid last 24h +0.004%
Price spread now: gTrade (Gains Network) against QFEX−0.026%7-day average +0.031% · 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−$468as in the Price arb table
costs, in and out, $10k−$4624.622% of the position
Funding, last 1 day (all we have)+0.008%+$1 on $10k
+Price spread, last 3 days (all we have)+0.154%+$15 · spread now −0.026%, 7d avg +0.031%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: gTrade (Gains Network) is 0.058% cheaper against QFEX than usual: you would sell low and buy high, −$6 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 | QFEX COPPER-USD | 6.8010 | 0.0006 | pay 0.0001% / 1h | 45m 28s | $1.5M | $129K | 20x |
| Short | gTrade (Gains Network) HG/USD | 6.7992 | L +0.0002% / S −0.0001% | get 0.0000% / 1h | 45m 28s | $176K | — | 250x |
QFEX COPPER-USD
gTrade (Gains Network) HG/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$1.03
- Price spread: −0.026% → +0.031%
- −$5.78
- Slippage, 4 orders
- −$442.16
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$468.97
- Costs to cover
- 4.622%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 1 min ago; gTrade (Gains Network): virtual book (oracle venue), 54 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, 1 min ago | 2.20 bp | 8.7 bp −$9 | 13.4 bp −$134 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 54 min ago | 130.01 bp | 213.6 bp −$214 | 1617.5 bp −$16.2K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCUUSD | −0.1014% | 1h | 6.8008 | −0.003% | $32K | $175K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0135% | 1h | 6.7950 | −0.088% | $10.4M | $4.8M | 20x | as long as short |
| BloFin COPPER-USDT | −0.0051% | 4h | 6.8050 | +0.059% | $88K | $144K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8017 | +0.010% | $32K | $35K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8010 | 0.000% | $9.1M | $32.3M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8025 | +0.022% | $472K | $944K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7890 | −0.176% | $1.3M | $478K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8000 | −0.015% | $27.0M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8030 | +0.029% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8014 | +0.007% | $741K | $1.4M | — | as long as short |
Kraken Futures PF_XCUUSD
tradeXYZ xyz:COPPER
BloFin COPPER-USDT
Aster XCUUSDT
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 | 6.8060 | +0.074% | $95K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8020 | +0.015% | — | $6.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8030 | +0.029% | $61K | $26K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7900 | −0.162% | $4.2M | $75K | 100x | as long as short |
| gTrade (Gains Network) HG/USDshort | L +0.0002% / S −0.0001% | 1h | 6.7992 | −0.026% | $176K | — | 250x | |
| edgeX COPPERUSDC | +0.0002% | 4h | 6.7983 | −0.040% | $94K | $319K | 20x | as long as short |
| QFEX COPPER-USDlong | +0.0006% | 1h | 6.8010 | long leg | $1.5M | $129K | 20x | |
| Phoenix COPPER | +0.0035% | 1h | 6.7977 | −0.049% | $45K | $30K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7986 | −0.035% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8013 | +0.005% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7996 | −0.021% | $900 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7972 | −0.056% | $56K | $55K | 15x | as long as short |
| Lighter XCU | +0.0064% | 1h | 6.8107 | +0.143% | $477K | $39K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7995 | −0.022% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8010 | 0.000% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8070 | +0.088% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8009 | −0.002% | $311 | — | 10x | as long as short |
| Extended XCU-USD | +0.0424% | 1h | 6.7986 | −0.035% | $229K | $2.9M | 20x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
edgeX COPPERUSDC
Phoenix COPPER
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Extended XCU-USD