Funding you earn now, next payment 07:00 UTC+0.0005%/8h= +0.6% APRpaid last 24h −0.043%
Price spread now: edgeX against QFEX+0.055%7-day average −0.002% · 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−$35as in the Price arb table
costs, in and out, $10k−$400.403% of the position
Funding, last 4 days (all we have)−0.077%−$8 on $10k
+Price spread, last 4 days (all we have)−0.077%−$8 · spread now +0.055%, 7d avg −0.002%
=Together, before fees−0.154%+ Points / potential airdropedgeX: Active · farm board−$15 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: edgeX is 0.057% dearer against QFEX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COPPER-USD | 6.8140 | 0.0003 | pay 0.0000% / 1h | 51m 18s | $1.5M | $130K | 20x |
| Short | edgeX COPPERUSDC | 6.8177 | 0.0008 | get 0.0004% / 4h | 1h 51m | $94K | $318K | 20x |
QFEX COPPER-USD
edgeX COPPERUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $1.11
- Price spread: +0.055% → −0.002%
- $5.66
- Slippage, 4 orders
- −$21.33
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$33.56
- Costs to cover
- 0.403%
- Break-even
- 218.8 days
Slippage from QFEX: live order book, 5 min ago; edgeX: live order book, 57 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, 5 min ago | 1.47 bp | 7.9 bp −$8 | 11.9 bp −$119 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 57 min ago | 7.32 bp | 13.0 bp −$13 | 24.6 bp −$246 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XCUUSDT | 0.0000% | 4h | 6.8146 | +0.009% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8130 | −0.015% | $9.2M | $33.6M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8086 | −0.079% | $497K | $971K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8000 | −0.205% | $1.3M | $520K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8120 | −0.029% | $26.6M | $4.7M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8130 | −0.015% | $2.9M | $2.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8223 | +0.122% | $736K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8190 | +0.073% | $93K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8130 | −0.015% | — | $6.5M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8190 | +0.073% | $61K | $24K | 75x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8130 | −0.015% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8100 | −0.059% | $178K | — | 250x | as long as short |
| QFEX COPPER-USDlong | +0.0003% | 1h | 6.8140 | long leg | $1.5M | $130K | 20x | |
| BloFin COPPER-USDT | +0.0004% | 4h | 6.8170 | +0.044% | $88K | $139K | 100x | as long as short |
| edgeX COPPERUSDCshort | +0.0008% | 4h | 6.8177 | +0.055% | $94K | $318K | 20x | |
| Extended XCU-USD | +0.0032% | 1h | 6.8111 | −0.043% | $273K | $2.4M | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0032% | 1h | 6.8085 | −0.081% | $10.6M | $5.0M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8111 | −0.043% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8168 | +0.041% | $45K | $22K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8114 | −0.038% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8085 | −0.081% | $902 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8207 | +0.098% | $57K | $55K | 15x | as long as short |
| Lighter XCU | +0.0072% | 1h | 6.8229 | +0.131% | $477K | $41K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8120 | −0.029% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8130 | −0.015% | $278K | $37K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8210 | +0.103% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8121 | −0.028% | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0108% | 1h | 6.8103 | −0.054% | $34K | $176K | 20x | as long as short |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
BloFin COPPER-USDT
Extended XCU-USD
tradeXYZ xyz:COPPER
Vest HG-PERP
Phoenix COPPER
Paradex XCU-USD-PERP
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