Funding you earn now, next payment 23:00 UTC+0.0015%/8h= +1.7% APRpaid last 24h −0.004%
Price spread now: GRVT against QFEX+0.029%7-day average +0.032% · 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−$31as in the Price arb table
costs, in and out, $10k−$310.311% of the position
Funding, last 3 days (all we have)−0.010%−$1 on $10k
+Price spread, last 3 days (all we have)−0.035%−$4 · spread now +0.029%, 7d avg +0.032%
=Together, before fees−0.045%+ Points / potential airdropGRVT: Active · farm board−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COPPER-USD | 6.7960 | −0.0015 | get 0.0002% / 1h | 29m 06s | $1.5M | $135K | 20x |
| Short | GRVT COPPER_USDT_Perp | 6.7980 | 0 | get 0.0000% / 4h | 1h 29m | $90K | $2.2M | 25x |
QFEX COPPER-USD
GRVT COPPER_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $3.23
- Price spread: +0.029% → +0.032%
- −$0.3
- Slippage, 4 orders
- −$12.1
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$28.18
- Costs to cover
- 0.311%
- Break-even
- 68.2 days
Slippage from QFEX: live order book, 3 min ago; GRVT: live order book, 4 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, 3 min ago | 2.94 bp | 7.9 bp −$8 | 11.5 bp −$115 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 4 min ago | 0.74 bp | 7.9 bp −$8 | 29.1 bp −$291 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX COPPER-USDlong | −0.0015% | 1h | 6.7960 | long leg | $1.5M | $135K | 20x | |
| tradeXYZ xyz:COPPER | −0.0007% | 1h | 6.7916 | −0.065% | $10.4M | $5.4M | 20x | as long as short |
| edgeX COPPERUSDC | −0.0004% | 4h | 6.7957 | −0.005% | $93K | $318K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7975 | +0.022% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7980 | +0.029% | $9.0M | $34.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7946 | −0.021% | $467K | $1.2M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7830 | −0.191% | $1.3M | $499K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7980 | +0.029% | $27.0M | $5.1M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.7990 | +0.044% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.7967 | +0.010% | $739K | $1.6M | — | as long as short |
tradeXYZ xyz:COPPER
edgeX COPPERUSDC
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_Perpshort | 0.0000% | 4h | 6.7980 | +0.029% | $90K | $2.2M | 25x | |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7980 | +0.029% | — | $7.7M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8000 | +0.059% | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7920 | −0.059% | $4.2M | $81K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.7955 | −0.008% | $176K | — | 250x | as long as short |
| BloFin COPPER-USDT | +0.0018% | 4h | 6.7940 | −0.029% | $87K | $149K | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8061 | +0.149% | $476K | $45K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.7958 | −0.003% | $231K | $2.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7947 | −0.019% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7969 | +0.013% | $1K | $3K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7946 | −0.021% | $900 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7916 | −0.065% | $56K | $55K | 15x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0060% | 1h | 6.7972 | +0.017% | $27K | $176K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7955 | −0.007% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7970 | +0.015% | $258K | $26K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8030 | +0.103% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7967 | +0.010% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0329% | 1h | 6.7938 | −0.032% | $45K | $30K | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
BloFin COPPER-USDT
Lighter XCU
Extended XCU-USD
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER