Funding you earn now, next payment 22:00 UTC+0.0192%/8h= +21.0% APRnext payment +$0.24 per $10,000 · paid last 24h −0.023%
Price spread now: QFEX against SoDEX+0.103%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and QFEX is 0.103% dearer against SoDEX than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX COPPER-USD | 6.7830 | −0.0139 | get 0.0017% / 1h | 59m 26s | $898 | $3K | 20x |
| Short | QFEX COPPER-USD | 6.7900 | 0.0053 | get 0.0007% / 1h | 59m 26s | $1.5M | $135K | 20x |
SoDEX COPPER-USD
QFEX COPPER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against SoDEX. 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
- $40.22
- Price spread: +0.103% → 0.000%
- $10.32
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- $32.54
- Costs to cover
- 0.180%
- Break-even
- 1.3 days
Slippage unknown: SoDEX: no order-book sample; QFEX: live order book, 2 min ago. 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell QFEX live order book, 2 min ago | 4.42 bp | 11.1 bp −$11 | 18.0 bp −$180 | doesn't fit | doesn't fit |
SoDEX: 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 27 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:COPPER | −0.0173% | 1h | 6.7886 | +0.083% | $10.4M | $5.8M | 20x | as long as short |
| SoDEX COPPER-USDlong | −0.0139% | 1h | 6.7830 | long leg | $898 | $3K | 20x | |
| BloFin COPPER-USDT | −0.0043% | 4h | 6.7870 | +0.059% | $87K | $150K | 100x | as long as short |
| edgeX COPPERUSDC | −0.0012% | 4h | 6.7863 | +0.049% | $93K | $319K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7884 | +0.080% | $32K | $52K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7890 | +0.088% | $8.9M | $35.0M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7785 | −0.066% | $465K | $1.2M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7760 | −0.103% | $1.3M | $499K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7880 | +0.074% | $27.0M | $5.1M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.7863 | +0.048% | $751K | $1.6M | — | as long as short |
tradeXYZ xyz:COPPER
BloFin COPPER-USDT
edgeX COPPERUSDC
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Variational Omni COPPERShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.7880 | +0.074% | $91K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7860 | +0.044% | — | $7.8M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.7910 | +0.118% | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7870 | +0.059% | $4.2M | $82K | 100x | as long as short |
| Bitget COPPERUSDT | +0.0008% | 4h | 6.7890 | +0.088% | $1.6M | $1.0M | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8008 | +0.262% | $476K | $45K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.7895 | +0.095% | $234K | $2.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7895 | +0.096% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7858 | +0.041% | $1K | $3K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7831 | +0.001% | $56K | $33K | 15x | as long as short |
| QFEX COPPER-USDshort | +0.0053% | 1h | 6.7900 | +0.103% | $1.5M | $135K | 20x | |
| Pacifica COPPER | +0.0100% | 1h | 6.7872 | +0.061% | $23K | $16K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7910 | +0.118% | $257K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.7930 | +0.147% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7864 | +0.050% | $310 | — | 10x | as long as short |
| Phoenix COPPER | +0.0329% | 1h | 6.7908 | +0.115% | $45K | $30K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0953% | 1h | 6.7810 | −0.030% | $26K | $177K | 20x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
Bitget COPPERUSDT
Lighter XCU
Extended XCU-USD
Vest HG-PERP
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD