Funding you earn now, next payment 03:00 UTC0.0000%/8h= +0.1% APRpaid last 24h −0.052%
Price spread now: Binance against QFEX−0.015%7-day average +0.034% · 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−$32as in the Price arb table
costs, in and out, $10k−$270.268% of the position
Funding, last 4 days (all we have)−0.070%−$7 on $10k
+Price spread, last 7 days+0.041%+$4 · spread now −0.015%, 7d avg +0.034%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.048% cheaper against QFEX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.034%.
| 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 | 3m 58s | $1.5M | $129K | 20x |
| Short | Binance COPPERUSDT | 6.8270 | 0 | get 0.0000% / 4h | 1h 03m | $9.0M | $32.5M | 100x |
QFEX COPPER-USD
Binance COPPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against QFEX. 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
- $0.1
- Price spread: −0.015% → +0.034%
- −$4.83
- Slippage, 4 orders
- −$6.83
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$31.56
- Costs to cover
- 0.268%
- Break-even
- 2198.7 days
Slippage from QFEX: live order book, 3 min ago; Binance: live order book, 8 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 QFEX live order book, 3 min ago | 1.47 bp | 7.9 bp −$8 | 11.8 bp −$118 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.73 bp | 6.7 bp −$7 | 11.7 bp −$117 | 78.5 bp −$7,854 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COPPER-USDT | −0.0058% | 4h | 6.8330 | +0.073% | $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 | 6.8260 | −0.029% | $32K | $21K | 50x | as long as short |
| Binance COPPERUSDTshort | 0.0000% | 4h | 6.8270 | −0.015% | $9.0M | $32.5M | 100x | |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8254 | −0.038% | $471K | $949K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8110 | −0.249% | $1.3M | $493K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8270 | −0.015% | $26.0M | $4.2M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8300 | +0.029% | $1.7M | $986K | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8282 | +0.002% | $743K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8299 | +0.028% | $94K | $2.1M | 25x | as long as short |
BloFin COPPER-USDT
Aster XCUUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX COPPER-USDT | 0.0000% | 4h | 6.8270 | −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 | 6.8229 | −0.074% | $178K | — | 250x | as long as short |
| Phoenix COPPER | +0.0012% | 1h | 6.8289 | +0.013% | $45K | $23K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0020% | 4h | 6.8279 | −0.001% | $95K | $318K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8243 | −0.054% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8275 | −0.007% | $2K | $2K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8251 | −0.042% | $10.5M | $4.8M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8232 | −0.070% | $904 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8300 | +0.029% | $57K | $55K | 15x | as long as short |
| Lighter XCU | +0.0088% | 1h | 6.8365 | +0.124% | $478K | $39K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8296 | +0.023% | $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 | 6.8320 | +0.059% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8251 | −0.042% | $312 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0195% | 1h | 6.8238 | −0.061% | $35K | $178K | 20x | as long as short |
| Extended XCU-USD | +0.0840% | 1h | 6.8246 | −0.049% | $224K | $2.8M | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
Phoenix COPPER
edgeX COPPERUSDC
Vest HG-PERP
Paradex XCU-USD-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD
Extended XCU-USD