Funding you earn now, next payment 06:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h −0.001%
Price spread now: QFEX against OKX+0.045%7-day average +0.011% · 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−$49as in the Price arb table
costs, in and out, $10k−$530.529% of the position
Funding, last 4 days (all we have)+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)−0.124%−$12 · spread now +0.045%, 7d avg +0.011%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.034% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX XCU-USDT-SWAP | 6.8319 | 0 | get 0.0000% / 8h | 2h 45m | $490K | $971K | 50x |
| Short | QFEX COPPER-USD | 6.8350 | −0.0001 | pay 0.0000% / 1h | 45m 03s | $1.5M | $129K | 20x |
OKX XCU-USDT-SWAP
QFEX COPPER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against OKX. 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
- −$0.12
- Price spread: +0.045% → +0.011%
- $3.45
- Slippage, 4 orders
- −$32.93
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$49.6
- Costs to cover
- 0.529%
- Break-even
- never at this rate
Slippage from OKX: live order book, 56 min ago; QFEX: live order book, 1 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 OKX live order book, 56 min ago | 0.73 bp | 17.1 bp −$17 | 36.4 bp −$364 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 1 min ago | 2.19 bp | 8.7 bp −$9 | 12.8 bp −$128 | 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 | −0.0480% | 1h | 6.8362 | +0.063% | $35K | $176K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0006% | 1h | 6.8331 | +0.018% | $10.6M | $4.9M | 20x | as long as short |
| QFEX COPPER-USDshort | −0.0001% | 1h | 6.8350 | +0.045% | $1.5M | $129K | 20x | |
| Aster XCUUSDT | 0.0000% | 4h | 6.8364 | +0.066% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8361 | +0.061% | $9.2M | $33.1M | 100x | as long as short |
| OKX XCU-USDT-SWAPlong | 0.0000% | 8h | 6.8319 | long leg | $490K | $971K | 50x | |
| Gate XCU_USDT | 0.0000% | 8h | 6.8150 | −0.247% | $1.3M | $520K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8360 | +0.060% | $26.8M | $4.6M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8350 | +0.045% | $2.5M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8353 | +0.050% | $741K | $1.4M | — | as long as short |
Kraken Futures PF_XCUUSD
tradeXYZ xyz:COPPER
Aster XCUUSDT
Binance COPPERUSDT
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPERShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8378 | +0.086% | $91K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8360 | +0.060% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8360 | +0.060% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8200 | −0.174% | $4.2M | $79K | 100x | as long as short |
| edgeX COPPERUSDC | +0.0002% | 4h | 6.8344 | +0.036% | $95K | $319K | 20x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8358 | +0.057% | $178K | — | 250x | as long as short |
| BloFin COPPER-USDT | +0.0018% | 4h | 6.8360 | +0.060% | $88K | $138K | 100x | as long as short |
| Phoenix COPPER | +0.0023% | 1h | 6.8311 | −0.012% | $45K | $23K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8463 | +0.211% | $478K | $40K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8348 | +0.042% | $276K | $2.5M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8354 | +0.051% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8341 | +0.033% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8332 | +0.019% | $905 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8287 | −0.047% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8358 | +0.057% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8370 | +0.075% | $279K | $35K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8420 | +0.148% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8353 | +0.050% | $312 | — | 10x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
edgeX COPPERUSDC
gTrade (Gains Network) HG/USD
BloFin COPPER-USDT
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