Funding you earn now, next payment 11:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.05 per $10,000 · paid last 24h −0.001%
Price spread now: tradeXYZ against QFEX−0.010%49s7-day average +0.015% · 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—prices read too far apart to compare
costs, in and out, $10k−$380.376% of the position
Funding, last 4 days (all we have)−0.002%$0 on $10k
+Price spread, last 7 days+0.021%+$2 · spread now −0.010%, 7d avg +0.015%
=Together, before fees+0.019%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.026% cheaper against QFEX than usual: you would sell low and buy high (spread −0.010% now, against its 7-day average of +0.015%). If the spread goes back, that is −$3 on $10k: about 2.2 days of funding at the current rate (+$1 a day). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COPPER-USD | 6.8420 | 0.0011 | pay 0.0001% / 1h | 41m 42s | $1.5M | $150K | 20x |
| Short | tradeXYZ xyz:COPPER | 6.8413 | 0.0050 | get 0.0006% / 1h | 41m 42s | $10.8M | $3.8M | 20x |
QFEX COPPER-USD
tradeXYZ xyz:COPPERFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $8.27
- Price spread: −0.010% → +0.015%
- −$2.56
- Slippage, 4 orders
- −$9.56
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$31.86
- Costs to cover
- 0.376%
- Break-even
- 34.0 days
Slippage from QFEX: live order book, 3 min ago; tradeXYZ: live order book, 10 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, 3 min ago | 1.46 bp | 7.9 bp −$8 | 11.1 bp −$111 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 10 min ago | 1.31 bp | 10.7 bp −$11 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XCUUSDT | 0.0000% | 4h | 6.8450 | +0.044% | $35K | $31K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8448 | +0.040% | $9.0M | $32.1M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8360 | −0.088% | $512K | $807K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8300 | −0.175% | $1.3M | $181K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8430 | +0.015% | $26.3M | $5.6M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8420 | 0.000% | $3.9M | $2.1M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8428 | +0.011% | $774K | $538K | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8465 | +0.066% | $92K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8450 | +0.044% | — | $4.8M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8470 | +0.073% | $61K | $71K | 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 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8390 | −0.044% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8420 | 0.000% | $178K | — | 250x | as long as short |
| QFEX COPPER-USDlong | +0.0011% | 1h | 6.8420 | long leg | $1.5M | $150K | 20x | |
| edgeX COPPERUSDC | +0.0016% | 4h | 6.8413 | −0.011% | $95K | $321K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8515 | +0.139% | $480K | $25K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8429 | +0.013% | $271K | $1.7M | 20x | as long as short |
| BloFin COPPER-USDT | +0.0043% | 4h | 6.8430 | +0.015% | $89K | $158K | 100x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8426 | +0.009% | — | $36K | 25x | as long as short |
| tradeXYZ xyz:COPPERshort | +0.0050% | 1h | 6.8413 | −0.010% | $10.8M | $3.8M | 20x | |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8416 | −0.006% | $906 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8425 | +0.007% | $2K | $825 | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8432 | +0.018% | $59K | $52K | 15x | as long as short |
| Phoenix COPPER | +0.0093% | 1h | 6.8443 | +0.034% | $44K | $18K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8435 | +0.022% | $24K | $13K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8450 | +0.044% | $267K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8480 | +0.088% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8434 | +0.020% | $313 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0337% | 1h | 6.8440 | +0.030% | $34K | $180K | 20x | as long as short |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
Lighter XCU
Extended XCU-USD
BloFin COPPER-USDT
Vest HG-PERP
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Phoenix COPPER
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD