Funding you earn now, next payment 07:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h 0.000%
Price spread now: OKX against QFEX−0.040%7-day average −0.012% · 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−$39as in the Price arb table
costs, in and out, $10k−$360.360% of the position
Funding, last 4 days (all we have)−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)+0.120%+$12 · spread now −0.040%, 7d avg −0.012%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.028% cheaper against QFEX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COPPER-USD | 6.8120 | 0.0003 | pay 0.0000% / 1h | 39m 56s | $1.5M | $130K | 20x |
| Short | OKX XCU-USDT-SWAP | 6.8093 | 0 | get 0.0000% / 8h | 1h 39m | $497K | $970K | 50x |
QFEX COPPER-USD
OKX XCU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$0.54
- Price spread: −0.040% → −0.012%
- −$2.78
- Slippage, 4 orders
- −$15.99
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$39.31
- Costs to cover
- 0.360%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 1 min ago; OKX: live order book, 56 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, 1 min ago | 2.20 bp | 7.2 bp −$7 | 11.3 bp −$113 | doesn't fit | doesn't fit |
| Sell OKX live order book, 56 min ago | 0.66 bp | 14.1 bp −$14 | 28.4 bp −$284 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COPPER-USDT | −0.0052% | 4h | 6.8130 | +0.015% | $88K | $139K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8125 | +0.008% | $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-SWAPshort | 0.0000% | 8h | 6.8093 | −0.040% | $497K | $970K | 50x | |
| Gate XCU_USDT | 0.0000% | 8h | 6.8000 | −0.176% | $1.3M | $521K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8130 | +0.015% | $26.3M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8120 | 0.000% | $2.9M | $2.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8133 | +0.019% | $735K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8150 | +0.044% | $90K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8130 | +0.015% | — | $6.4M | 20x | as long as short |
BloFin COPPER-USDT
Aster XCUUSDT
Binance COPPERUSDT
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8190 | +0.103% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8120 | 0.000% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8081 | −0.057% | $177K | — | 250x | as long as short |
| QFEX COPPER-USDlong | +0.0003% | 1h | 6.8120 | long leg | $1.5M | $130K | 20x | |
| tradeXYZ xyz:COPPER | +0.0004% | 1h | 6.8068 | −0.076% | $10.6M | $5.0M | 20x | as long as short |
| edgeX COPPERUSDC | +0.0020% | 4h | 6.8130 | +0.015% | $94K | $320K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8084 | −0.053% | $276K | $2.3M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8087 | −0.048% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8100 | −0.029% | $45K | $22K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8117 | −0.005% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8070 | −0.073% | $4K | $5K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8161 | +0.060% | $57K | $55K | 15x | as long as short |
| Lighter XCU | +0.0056% | 1h | 6.8212 | +0.135% | $477K | $42K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8106 | −0.020% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8110 | −0.015% | $278K | $37K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8190 | +0.103% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8121 | +0.002% | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0108% | 1h | 6.8113 | −0.011% | $34K | $176K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
tradeXYZ xyz:COPPER
edgeX COPPERUSDC
Extended XCU-USD
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