Funding you earn now, next payment 04:00 UTC+0.0003%/8h= +0.4% APRpaid last 24h +0.002%
Price spread now: Gate against QFEX−0.308%7-day average −0.044% · 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−$123as in the Price arb table
costs, in and out, $10k−$970.969% of the position
Funding, last 4 days (all we have)+0.019%+$2 on $10k
+Price spread, last 7 days+0.295%+$29 · spread now −0.308%, 7d avg −0.044%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.264% cheaper against QFEX than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of −0.044%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COPPER-USD | 6.8230 | −0.0003 | get 0.0000% / 1h | 57m 32s | $1.5M | $129K | 20x |
| Short | Gate XCU_USDT | 6.8020 | 0 | get 0.0000% / 8h | 3h 57m | $1.3M | $495K | 100x |
QFEX COPPER-USD
Gate XCU_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.308% → −0.044%
- −$26.37
- Slippage, 4 orders
- −$71.89
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$122.56
- Costs to cover
- 0.969%
- Break-even
- 1222.8 days
Slippage from QFEX: live order book, 4 min ago; Gate: 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, 4 min ago | 1.47 bp | 7.9 bp −$8 | 11.1 bp −$111 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 1.47 bp | 42.6 bp −$43 | 222.9 bp −$2,229 | 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 | −0.0404% | 1h | 6.8190 | −0.058% | $34K | $176K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0136% | 1h | 6.8198 | −0.047% | $10.5M | $4.8M | 20x | as long as short |
| QFEX COPPER-USDlong | −0.0003% | 1h | 6.8230 | long leg | $1.5M | $129K | 20x | |
| Aster XCUUSDT | 0.0000% | 4h | 6.8256 | +0.038% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8224 | −0.008% | $9.0M | $32.9M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8231 | +0.001% | $480K | $959K | 50x | as long as short |
| Gate XCU_USDTshort | 0.0000% | 8h | 6.8020 | −0.308% | $1.3M | $495K | 100x | |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8220 | −0.015% | $26.0M | $4.2M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8220 | −0.015% | $2.5M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8213 | −0.025% | $743K | $1.4M | — | as long as short |
Kraken Futures PF_XCUUSD
tradeXYZ xyz:COPPER
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
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 | 6.8244 | +0.020% | $96K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8220 | −0.015% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8250 | +0.029% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8180 | −0.073% | $4.2M | $77K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8236 | +0.009% | $178K | — | 250x | as long as short |
| BloFin COPPER-USDT | +0.0011% | 4h | 6.8220 | −0.015% | $88K | $143K | 100x | as long as short |
| edgeX COPPERUSDC | +0.0016% | 4h | 6.8230 | 0.000% | $95K | $317K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8324 | +0.138% | $477K | $40K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8236 | +0.009% | $266K | $2.7M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8235 | +0.007% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8216 | −0.021% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8208 | −0.032% | $903 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8183 | −0.069% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8242 | +0.018% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8190 | −0.059% | $290K | $32K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8280 | +0.073% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8226 | −0.006% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0164% | 1h | 6.8255 | +0.037% | $45K | $23K | 20x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
BloFin COPPER-USDT
edgeX COPPERUSDC
Lighter XCU
Extended XCU-USD
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER