COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0038%/8h= +4.1% APRnext payment +$0.05 per $10,000 · paid last 24h +0.004%

Price spread now: Ondo Perps against QFEX−0.063%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Ondo Perps is 0.063% cheaper against QFEX than usual: you would sell low and buy high (spread −0.063% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 5.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX COPPER-USD	6.7960	0.0013	pay 0.0002% / 1h	36m 22s	$1.5M	$131K	20x
Short	Ondo Perps COPPER-USD.P	6.7917	0.0050	get 0.0006% / 1h	36m 22s	$56K	$55K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee QFEXbpFee Ondo PerpsbpOrdersPrice spread, now −0.063%Rate

Funding earned: $7.93
Price spread: −0.063% → 0.000%: −$6.33
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$13.4
Costs to cover: 0.150%
Break-even: 18.8 days

Slippage unknown: QFEX: live order book, 5 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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	2.21 bp	7.2 bp −$7	11.3 bp −$113	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0046%	4h	6.7980	+0.029%	$87K	$149K	100x	as long as short
edgeX COPPERUSDC	−0.0002%	4h	6.7960	0.000%	$93K	$317K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.7970	+0.015%	$32K	$36K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.7970	+0.014%	$9.0M	$34.5M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.7942	−0.026%	$467K	$1.2M	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7840	−0.177%	$1.3M	$493K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.7970	+0.015%	$26.9M	$4.9M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.7970	+0.015%	$1.7M	$1.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.7967	+0.011%	$739K	$1.6M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8000	+0.059%	$91K	$2.2M	25x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX COPPER-USDT	0.0000%	4h	6.7970	+0.015%	—	$7.6M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8030	+0.103%	$60K	$27K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.7900	−0.088%	$4.2M	$80K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.7935	−0.037%	$176K	—	250x	as long as short
QFEX COPPER-USDlong	+0.0013%	1h	6.7960	long leg	$1.5M	$131K	20x
Lighter XCU	+0.0032%	1h	6.8068	+0.159%	$476K	$45K	20x	as long as short
Phoenix COPPER	+0.0035%	1h	6.7964	+0.006%	$45K	$30K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.7932	−0.041%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.7967	+0.011%	$1K	$3K	5x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.7929	−0.046%	$10.4M	$5.2M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.7942	−0.026%	$900	$3K	20x	as long as short
Ondo Perps COPPER-USD.Pshort	+0.0050%	1h	6.7917	−0.063%	$56K	$55K	15x
Pacifica COPPER	+0.0100%	1h	6.7959	−0.001%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.7970	+0.015%	$258K	$25K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8040	+0.118%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.7961	+0.001%	$311	—	10x	as long as short
Kraken Futures PF_XCUUSD	+0.0312%	1h	6.7910	−0.073%	$28K	$173K	20x	as long as short
Extended XCU-USD	+0.0352%	1h	6.7942	−0.027%	$230K	$2.9M	20x	as long as short