Funding you earn now, next payment 10:00 UTC+0.0309%/8h= +33.8% APRnext payment +$0.39 per $10,000 · paid last 24h −0.021%
Price spread now: Kraken Futures against QFEX−0.007%7-day average −0.027% · 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−$57as in the Price arb table
costs, in and out, $10k−$590.592% of the position
Funding, last 4 days (all we have)−3.556%−$356 on $10k
+Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.007%, 7d avg −0.027%
=The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −3.556%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COPPER-USD | 6.8420 | 0.0020 | pay 0.0003% / 1h | 14m 52s | $1.5M | $150K | 20x |
| Short | Kraken Futures PF_XCUUSD | 6.8415 | 0.0329 | get 0.0041% / 1h | 14m 52s | $34K | $180K | 20x |
QFEX COPPER-USD
Kraken Futures PF_XCUUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $64.9
- Price spread: −0.007% → −0.027%
- $1.98
- Slippage, 4 orders
- −$39.17
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $7.71
- Costs to cover
- 0.592%
- Break-even
- 6.2 days
Slippage from QFEX: live order book, 5 min ago; Kraken Futures: live order book, 35 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 | 2.92 bp | 9.4 bp −$9 | 10.8 bp −$108 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 35 min ago | 3.73 bp | 25.3 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
COPPER on 28 exchanges
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 | 6.8440 | +0.029% | $89K | $155K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8430 | +0.015% | $35K | $47K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8430 | +0.015% | $9.0M | $32.1M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8366 | −0.079% | $503K | $844K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8280 | −0.205% | $1.3M | $184K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8420 | 0.000% | $26.5M | $5.7M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8430 | +0.015% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8440 | +0.030% | $767K | $535K | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8434 | +0.020% | $87K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8440 | +0.029% | — | $5.0M | 20x | as long as short |
BloFin COPPER-USDT
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-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8460 | +0.058% | $61K | $71K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8240 | −0.263% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8391 | −0.043% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0007% | 4h | 6.8427 | +0.010% | $95K | $320K | 20x | as long as short |
| QFEX COPPER-USDlong | +0.0020% | 1h | 6.8420 | long leg | $1.5M | $150K | 20x | |
| Extended XCU-USD | +0.0032% | 1h | 6.8376 | −0.064% | $273K | $1.7M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8389 | −0.045% | — | $36K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8387 | −0.048% | $10.8M | $3.9M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8390 | −0.044% | $906 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8412 | −0.012% | $2K | $825 | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8372 | −0.070% | $59K | $52K | 15x | as long as short |
| Lighter XCU | +0.0064% | 1h | 6.8509 | +0.130% | $479K | $23K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8410 | −0.014% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8410 | −0.015% | $267K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8490 | +0.102% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8420 | 0.000% | $313 | — | 10x | as long as short |
| Phoenix COPPER | +0.0117% | 1h | 6.8410 | −0.015% | $45K | $17K | 20x | as long as short |
| Kraken Futures PF_XCUUSDshort | +0.0329% | 1h | 6.8415 | −0.007% | $34K | $180K | 20x |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
Extended XCU-USD
Vest HG-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER