COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0051%/8h= +5.6% APRnext payment +$0.06 per $10,000 · paid last 24h +0.008%

Price spread now: Ondo Perps against QFEX−0.070%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Ondo Perps is 0.070% cheaper against QFEX than usual: you would sell low and buy high (spread −0.070% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 4.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX COPPER-USD	6.8280	0.0000	get 0.0000% / 1h	11m 37s	$1.5M	$129K	20x
Short	Ondo Perps COPPER-USD.P	6.8232	0.0050	get 0.0006% / 1h	11m 37s	$57K	$55K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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

Profit calculator

Position, each leg$Hold fordaysFee QFEXbpFee Ondo PerpsbpOrdersPrice spread, now −0.070%Rate

Funding earned: $10.68
Price spread: −0.070% → 0.000%: −$7.03
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$11.35
Costs to cover: 0.150%
Break-even: 14.4 days

Slippage unknown: QFEX: live order book, 5 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 5 min ago	1.46 bp	7.9 bp −$8	11.9 bp −$119	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
BloFin COPPER-USDT	−0.0054%	4h	6.8310	+0.044%	$88K	$143K	100x	as long as short
QFEX COPPER-USDlong	0.0000%	1h	6.8280	long leg	$1.5M	$129K	20x
Aster XCUUSDT	0.0000%	4h	6.8264	−0.024%	$32K	$21K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8293	+0.019%	$9.0M	$32.6M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8234	−0.067%	$471K	$949K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8140	−0.205%	$1.3M	$493K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8270	−0.015%	$26.1M	$4.2M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8310	+0.044%	$1.7M	$987K	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8332	+0.076%	$744K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8300	+0.029%	$88K	$2.1M	25x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX COPPER-USDT	0.0000%	4h	6.8290	+0.015%	—	$6.7M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8320	+0.059%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8140	−0.205%	$4.2M	$76K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8236	−0.065%	$178K	—	250x	as long as short
Phoenix COPPER	+0.0012%	1h	6.8276	−0.006%	$45K	$23K	20x	as long as short
edgeX COPPERUSDC	+0.0015%	4h	6.8275	−0.007%	$95K	$317K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8237	−0.063%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8265	−0.022%	$2K	$2K	5x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8260	−0.029%	$10.5M	$4.8M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8260	−0.029%	$904	$3K	20x	as long as short
Ondo Perps COPPER-USD.Pshort	+0.0050%	1h	6.8232	−0.070%	$57K	$55K	15x
Lighter XCU	+0.0088%	1h	6.8382	+0.149%	$478K	$39K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8255	−0.037%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8260	−0.029%	$258K	$21K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8350	+0.103%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8274	−0.008%	$312	—	10x	as long as short
Kraken Futures PF_XCUUSD	+0.0195%	1h	6.8271	−0.013%	$32K	$176K	20x	as long as short
Extended XCU-USD	+0.0776%	1h	6.8246	−0.050%	$224K	$2.8M	20x	as long as short