Funding you earn now, next payment 09:00 UTC+0.0005%/8h= +0.5% APRnext payment +$0.01 per $10,000 · paid last 24h +0.003%
Price spread now: QFEX against tradeXYZ+0.034%7-day average −0.017% · 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−$31as in the Price arb table
costs, in and out, $10k−$360.361% of the position
Funding, last 4 days (all we have)+0.003%$0 on $10k
+Price spread, last 7 days−0.044%−$4 · spread now +0.034%, 7d avg −0.017%
=Together, before fees−0.041%+ Points / potential airdroptradeXYZ: Active · farm board−$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.050% dearer against tradeXYZ than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COPPER | 6.8017 | 0.0013 | pay 0.0002% / 1h | 34m 18s | $10.7M | $4.3M | 20x |
| Short | QFEX COPPER-USD | 6.8040 | 0.0018 | get 0.0002% / 1h | 34m 18s | $1.5M | $140K | 20x |
tradeXYZ xyz:COPPER
QFEX COPPER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against tradeXYZ. 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
- $1.03
- Price spread: +0.034% → −0.017%
- $5.04
- Slippage, 4 orders
- −$8.07
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$29.99
- Costs to cover
- 0.361%
- Break-even
- 210.3 days
Slippage from tradeXYZ: live order book, 3 min ago; QFEX: 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 tradeXYZ live order book, 3 min ago | 1.40 bp | 10.5 bp −$11 | 13.4 bp −$134 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 2 min ago | 1.47 bp | 7.9 bp −$8 | 13.1 bp −$131 | 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 | −0.0018% | 4h | 6.8070 | +0.078% | $88K | $149K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8073 | +0.082% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8074 | +0.083% | $9.0M | $33.8M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8067 | +0.074% | $494K | $990K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7930 | −0.128% | $1.3M | $509K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8050 | +0.049% | $26.4M | $5.7M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8040 | +0.034% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8024 | +0.010% | $759K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8120 | +0.151% | $93K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8090 | +0.107% | — | $5.9M | 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 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8010 | −0.010% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8030 | +0.019% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8003 | −0.021% | $177K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0009% | 4h | 6.8102 | +0.125% | $94K | $319K | 20x | as long as short |
| tradeXYZ xyz:COPPERlong | +0.0013% | 1h | 6.8017 | long leg | $10.7M | $4.3M | 20x | |
| QFEX COPPER-USDshort | +0.0018% | 1h | 6.8040 | +0.034% | $1.5M | $140K | 20x | |
| Extended XCU-USD | +0.0032% | 1h | 6.8005 | −0.018% | $273K | $1.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7994 | −0.034% | — | $82K | 25x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8004 | −0.019% | $901 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8025 | +0.011% | $1K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8014 | −0.004% | $57K | $53K | 15x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0076% | 1h | 6.8026 | +0.014% | $34K | $178K | 20x | as long as short |
| Lighter XCU | +0.0080% | 1h | 6.8141 | +0.182% | $477K | $27K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8047 | +0.045% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8030 | +0.019% | $265K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8150 | +0.196% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8086 | +0.101% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0129% | 1h | 6.8036 | +0.028% | $45K | $22K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
Extended XCU-USD
Vest HG-PERP
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Kraken Futures PF_XCUUSD
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER