Funding you earn now, next payment 09:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.022%
Price spread now: MEXC against QFEX+0.029%7-day average +0.030% · 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−$18as in the Price arb table
costs, in and out, $10k−$180.181% of the position
Funding, last 4 days (all we have)−0.070%−$7 on $10k
+Price spread, last 7 days−0.006%−$1 · spread now +0.029%, 7d avg +0.030%
=The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COPPER-USD | 6.8370 | 0.0020 | pay 0.0003% / 1h | 57m 01s | $1.5M | $144K | 20x |
| Short | MEXC COPPER_USDT | 6.8390 | 0 | get 0.0000% / 4h | 2h 57m | $26.0M | $5.5M | 100x |
QFEX COPPER-USD
MEXC COPPER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$4.28
- Price spread: +0.029% → +0.030%
- −$0.12
- Slippage, 4 orders
- −$8.13
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$22.53
- Costs to cover
- 0.181%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 5 min ago; MEXC: live order book, 2 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 | 2.19 bp | 8.7 bp −$9 | 13.3 bp −$133 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.73 bp | 0.7 bp −$1 | 2.7 bp −$27 | 18.9 bp −$1,887 | 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 | 6.8409 | +0.057% | $33K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8415 | +0.066% | $9.1M | $33.4M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8338 | −0.047% | $499K | $912K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8240 | −0.190% | $1.3M | $183K | 100x | as long as short |
| MEXC COPPER_USDTshort | 0.0000% | 4h | 6.8390 | +0.029% | $26.0M | $5.5M | 100x | |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8380 | +0.015% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8322 | −0.070% | $765K | $1.3M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8364 | −0.009% | $91K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8390 | +0.029% | — | $5.4M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8390 | +0.029% | $61K | $54K | 75x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_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 | 6.8230 | −0.205% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8323 | −0.069% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0018% | 4h | 6.8355 | −0.022% | $95K | $318K | 20x | as long as short |
| QFEX COPPER-USDlong | +0.0020% | 1h | 6.8370 | long leg | $1.5M | $144K | 20x | |
| Extended XCU-USD | +0.0032% | 1h | 6.8371 | +0.002% | $273K | $1.7M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8350 | −0.029% | — | $36K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0048% | 1h | 6.8353 | −0.025% | $10.8M | $4.1M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8338 | −0.047% | $905 | $6K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8402 | +0.047% | $57K | $53K | 15x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8355 | −0.022% | $2K | $1K | 5x | as long as short |
| BloFin COPPER-USDT | +0.0051% | 4h | 6.8400 | +0.044% | $89K | $152K | 100x | as long as short |
| Lighter XCU | +0.0096% | 1h | 6.8489 | +0.174% | $479K | $23K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8361 | −0.013% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8330 | −0.059% | $266K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8440 | +0.102% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8367 | −0.004% | $313 | — | 10x | as long as short |
| Phoenix COPPER | +0.0129% | 1h | 6.8336 | −0.050% | $45K | $17K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0330% | 1h | 6.8370 | +0.001% | $34K | $178K | 20x | as long as short |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
Extended XCU-USD
Vest HG-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Paradex XCU-USD-PERP
BloFin COPPER-USDT
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD