Funding you earn now, next payment 00:00 UTC+0.0087%/8h= +9.6% APRpaid last 24h +0.044%
Price spread now: KuCoin against QFEX+0.015%7-day average +0.046% · 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−$142as in the Price arb table
costs, in and out, $10k−$1391.385% of the position
Funding, last 3 days (all we have)+0.167%+$17 on $10k
+Price spread, last 4 days (all we have)+0.079%+$8 · spread now +0.015%, 7d avg +0.046%
=Funding pays, the price is against you. KuCoin is 0.032% cheaper against QFEX than usual: you would sell low and buy high (spread +0.015% now, against its 7-day average of +0.046%). If the spread goes back, that is −$3 on $10k: about 29 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COPPER-USD | 6.7950 | 0.0013 | pay 0.0002% / 1h | 19m 47s | $1.5M | $130K | 20x |
| Short | KuCoin COPPERUSDTM | 6.7960 | 0.0100 | get 0.0050% / 4h | 19m 47s | $258K | $25K | 50x |
QFEX COPPER-USD
KuCoin COPPERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $18.35
- Price spread: +0.015% → +0.046%
- −$3.17
- Slippage, 4 orders
- −$116.5
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$123.33
- Costs to cover
- 1.385%
- Break-even
- 54.1 days
Slippage from QFEX: live order book, 2 min ago; KuCoin: live order book, 41 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, 2 min ago | 1.47 bp | 10.9 bp −$11 | 14.2 bp −$142 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 41 min ago | 12.49 bp | 69.1 bp −$69 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX COPPERUSDC | −0.0019% | 4h | 6.7955 | +0.008% | $93K | $317K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7967 | +0.025% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7970 | +0.029% | $9.0M | $34.2M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7936 | −0.021% | $467K | $1.2M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7830 | −0.177% | $1.3M | $493K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7960 | +0.015% | $26.9M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.7980 | +0.044% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.7966 | +0.023% | $739K | $1.6M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.7977 | +0.040% | $90K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7970 | +0.029% | — | $7.5M | 20x | as long as short |
edgeX COPPERUSDC
Aster XCUUSDT
Binance COPPERUSDT
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 | 6.8030 | +0.118% | $60K | $27K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7910 | −0.059% | $4.2M | $79K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.7931 | −0.027% | $176K | — | 250x | as long as short |
| QFEX COPPER-USDlong | +0.0013% | 1h | 6.7950 | long leg | $1.5M | $130K | 20x | |
| BloFin COPPER-USDT | +0.0022% | 4h | 6.7970 | +0.029% | $87K | $149K | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8066 | +0.171% | $476K | $45K | 20x | as long as short |
| Phoenix COPPER | +0.0035% | 1h | 6.7948 | −0.003% | $45K | $30K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7927 | −0.034% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7965 | +0.022% | $1K | $3K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.7933 | −0.025% | $10.4M | $5.1M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7938 | −0.018% | $900 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7994 | +0.065% | $56K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7968 | +0.026% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTMshort | +0.0100% | 4h | 6.7960 | +0.015% | $258K | $25K | 50x | |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8030 | +0.118% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7959 | +0.013% | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0312% | 1h | 6.7961 | +0.016% | $28K | $173K | 20x | as long as short |
| Extended XCU-USD | +0.0440% | 1h | 6.7939 | −0.016% | $230K | $2.9M | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
BloFin COPPER-USDT
Lighter XCU
Phoenix COPPER
Vest HG-PERP
Paradex XCU-USD-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD
Extended XCU-USD