COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h −0.041%

Price spread now: MEXC against QFEX+0.029%7-day average +0.031% · 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−$19as in the Price arb table

costs, in and out, $10k−$190.188% of the position

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.070%−$7 on $10k

Price spread, last 7 days−0.003%$0 · spread now +0.029%, 7d avg +0.031%

Together, before fees−0.073%−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX COPPER-USD	6.8050	0.0003	pay 0.0000% / 1h	3m 02s	$1.5M	$128K	20x
Short	MEXC COPPER_USDT	6.8070	0	get 0.0000% / 4h	1h 03m	$26.1M	$5.0M	100x

Funding history

latest

Range statsloading…

MEXC against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee QFEXbpFee MEXCbpOrdersPrice spread, now +0.029%Rate

Slippage from QFEX: live order book, 4 min ago; MEXC: live order book, 1 min ago.

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	2.20 bp	8.7 bp −$9	12.2 bp −$122	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.74 bp	0.7 bp −$1	2.4 bp −$24	10.8 bp −$1,081	doesn't fit

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
Aster XCUUSDT	0.0000%	4h	6.8077	+0.039%	$32K	$27K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8080	+0.044%	$9.0M	$34.1M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8034	−0.024%	$489K	$996K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7930	−0.176%	$1.3M	$531K	100x	as long as short
MEXC COPPER_USDTshort	0.0000%	4h	6.8070	+0.029%	$26.1M	$5.0M	100x
Bitget COPPERUSDT	0.0000%	4h	6.8090	+0.059%	$2.9M	$2.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8113	+0.093%	$749K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8131	+0.119%	$86K	$2.4M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8050	0.000%	—	$6.4M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8080	+0.044%	$61K	$24K	75x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex COPPERUSDT	0.0000%	4h	6.8070	+0.029%	$4.2M	$83K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8025	−0.037%	$177K	—	250x	as long as short
QFEX COPPER-USDlong	+0.0003%	1h	6.8050	long leg	$1.5M	$128K	20x
BloFin COPPER-USDT	+0.0013%	4h	6.8070	+0.029%	$88K	$143K	100x	as long as short
edgeX COPPERUSDC	+0.0019%	4h	6.8113	+0.093%	$94K	$319K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8019	−0.046%	—	$82K	25x	as long as short
Phoenix COPPER	+0.0047%	1h	6.8097	+0.069%	$45K	$22K	20x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8051	+0.001%	$10.6M	$5.0M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8041	−0.013%	$4K	$5K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8030	−0.030%	$1K	$2K	5x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8018	−0.047%	$57K	$55K	15x	as long as short
Extended XCU-USD	+0.0072%	1h	6.8058	+0.012%	$272K	$2.3M	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8023	−0.040%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8090	+0.059%	$278K	$37K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8130	+0.118%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8059	+0.013%	$311	—	10x	as long as short
Kraken Futures PF_XCUUSD	+0.0108%	1h	6.8035	−0.021%	$34K	$177K	20x	as long as short
Lighter XCU	+0.0136%	1h	6.8189	+0.204%	$477K	$42K	20x	as long as short