COPPER

Alert

Funding spread now, next payment 15:00 UTC+0.0019%/8h

paid, last 24h+0.051%paid, last 3 days+0.058%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni COPPER	6.7968	0	get 0.0000% / 4h	1h 31m	$807K	$1.4M	—
Short	QFEX COPPER-USD	6.7950	0.0019	get 0.0002% / 1h	31m 11s	$1.5M	$48K	20x

Funding history

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Position, each leg$Hold fordaysFee Variational OmnibpFee QFEXbpOrdersRate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; QFEX: live order book, 2 min ago. Net counts fees only.

A gap far from its average can cost days of funding.

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 4 min ago	2.98 bp	doesn't fit	8.2 bp −$82	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	1.47 bp	7.9 bp −$8	10.5 bp −$105	doesn't fit	doesn't fit

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX COPPERUSDC	−0.0017%	4h	$93K	$317K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	$33K	$51K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	$9.2M	$31.9M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	$534K	$990K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	$1.3M	$508K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	$26.2M	$3.9M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	$1.7M	$972K	100x	as long as short
Variational Omni COPPERlong	0.0000%	4h	$807K	$1.4M	—
SunX COPPER-USDT	0.0000%	4h	—	$7.1M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	$60K	$29K	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex COPPERUSDT	0.0000%	4h	$4.2M	$67K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	$305K	—	250x	as long as short
QFEX COPPER-USDshort	+0.0019%	1h	$1.5M	$48K	20x
Vest HG-PERP	+0.0046%	1h	—	$82K	25x	as long as short
BloFin COPPER-USDT	+0.0047%	4h	$89K	$125K	100x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	$10.5M	$5.5M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	$899	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	$62K	$13K	15x	as long as short
Paradex XCU-USD-PERP	+0.0053%	8h	$1K	$3K	5x	as long as short
Pacifica COPPER	+0.0100%	1h	$25K	$9K	10x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	$311	—	10x	as long as short
Lighter XCU	+0.0112%	1h	$476K	$38K	20x	as long as short
Extended XCU-USD	+0.0144%	1h	$337K	$2.3M	20x	as long as short
Phoenix COPPER	+0.0153%	1h	$43K	$28K	20x	as long as short
KuCoin COPPERUSDTM	+0.0428%	4h	$261K	$8K	50x	as long as short
Kraken Futures PF_XCUUSD	+0.1448%	1h	$26K	$206K	20x	as long as short