Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.042%
Price spread now: QFEX against edgeX−0.059%57s7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$450.447% of the position
Funding, last 4 days (all we have)+0.077%+$8 on $10k
+Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.059%, 7d avg +0.002%
=Together, before fees+0.158%+ Points / potential airdropedgeX: Active · farm board+$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.061% cheaper against edgeX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.002%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX COPPERUSDC | 6.8200 | 0.0003 | pay 0.0002% / 4h | 2h 26m | $95K | $317K | 20x |
| Short | QFEX COPPER-USD | 6.8160 | −0.0001 | pay 0.0000% / 1h | 26m 19s | $1.5M | $130K | 20x |
edgeX COPPERUSDC
QFEX COPPER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against edgeX. 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
- −$0.83
- Price spread: −0.059% → +0.002%
- −$6.09
- Slippage, 4 orders
- −$25.71
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$51.63
- Costs to cover
- 0.447%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 22 min ago; QFEX: live order book, 10 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 edgeX live order book, 22 min ago | 7.32 bp | 12.9 bp −$13 | 25.7 bp −$257 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 10 min ago | 2.93 bp | 10.8 bp −$11 | 13.0 bp −$130 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCUUSD | −0.0481% | 1h | 6.8162 | −0.056% | $34K | $176K | 20x | as long as short |
| BloFin COPPER-USDT | −0.0060% | 4h | 6.8130 | −0.103% | $88K | $138K | 100x | as long as short |
| tradeXYZ xyz:COPPER | −0.0019% | 1h | 6.8149 | −0.075% | $10.5M | $4.9M | 20x | as long as short |
| QFEX COPPER-USDshort | −0.0001% | 1h | 6.8160 | −0.059% | $1.5M | $130K | 20x | |
| Aster XCUUSDT | 0.0000% | 4h | 6.8181 | −0.027% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8167 | −0.049% | $9.2M | $33.3M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8116 | −0.123% | $490K | $965K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8010 | −0.279% | $1.3M | $528K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8160 | −0.059% | $26.1M | $4.7M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8140 | −0.088% | $2.9M | $2.0M | 100x | as long as short |
Kraken Futures PF_XCUUSD
BloFin COPPER-USDT
tradeXYZ xyz:COPPER
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni COPPER | 0.0000% | 4h | 6.8164 | −0.052% | $739K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8240 | +0.058% | $87K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8150 | −0.074% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8160 | −0.059% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8150 | −0.074% | $4.2M | $80K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8166 | −0.051% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDClong | +0.0003% | 4h | 6.8200 | long leg | $95K | $317K | 20x | |
| Phoenix COPPER | +0.0023% | 1h | 6.8217 | +0.025% | $45K | $23K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8232 | +0.047% | $477K | $40K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8174 | −0.039% | $276K | $2.4M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8162 | −0.056% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8141 | −0.087% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8138 | −0.091% | $902 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8222 | +0.032% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8156 | −0.065% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8180 | −0.030% | $278K | $35K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8210 | +0.014% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8157 | −0.063% | $312 | — | 10x | as long as short |
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
Phoenix COPPER
Lighter XCU
Extended XCU-USD
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP