Funding you earn now, next payment 07:00 UTC−0.0011%/8h= −1.3% APRpaid last 24h +0.043%
Price spread now: QFEX against edgeX+0.068%7-day average +0.002% · 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−$36as in the Price arb table
costs, in and out, $10k−$430.429% of the position
Funding, last 4 days (all we have)+0.077%+$8 on $10k
+Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.068%, 7d avg +0.002%
=Together, before fees+0.029%+ Points / potential airdropedgeX: Active · farm board+$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 0.066% dearer against edgeX than usual: you sell high and buy low (spread +0.068% now, against its 7-day average of +0.002%): +$7 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 19 days. Mind the row above: over the last 4 days funding on this pair paid +0.077%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX COPPERUSDC | 6.8074 | 0.0014 | pay 0.0007% / 4h | 1h 16m | $94K | $319K | 20x |
| Short | QFEX COPPER-USD | 6.8120 | 0.0003 | get 0.0000% / 1h | 16m 51s | $1.5M | $128K | 20x |
edgeX COPPERUSDC
QFEX COPPER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against edgeX. 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
- −$2.41
- Price spread: +0.068% → +0.002%
- $6.57
- Slippage, 4 orders
- −$23.93
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$38.77
- Costs to cover
- 0.429%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 26 min ago; QFEX: live order book, 5 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 edgeX live order book, 26 min ago | 7.34 bp | 12.6 bp −$13 | 24.1 bp −$241 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 2.94 bp | 7.9 bp −$8 | 10.9 bp −$109 | 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 | 6.8150 | +0.112% | $88K | $139K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8147 | +0.108% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8160 | +0.126% | $9.1M | $33.9M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8095 | +0.031% | $487K | $990K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7980 | −0.138% | $1.3M | $523K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8140 | +0.097% | $26.2M | $5.0M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8160 | +0.127% | $2.9M | $2.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8103 | +0.043% | $748K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8100 | +0.038% | $88K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8130 | +0.082% | — | $6.4M | 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 | 6.8120 | +0.068% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8150 | +0.112% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8102 | +0.042% | $178K | — | 250x | as long as short |
| QFEX COPPER-USDshort | +0.0003% | 1h | 6.8120 | +0.068% | $1.5M | $128K | 20x | |
| edgeX COPPERUSDClong | +0.0014% | 4h | 6.8074 | long leg | $94K | $319K | 20x | |
| tradeXYZ xyz:COPPER | +0.0032% | 1h | 6.8120 | +0.068% | $10.6M | $5.0M | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8121 | +0.069% | $275K | $2.3M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8079 | +0.008% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8071 | −0.004% | $45K | $22K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8109 | +0.051% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8107 | +0.049% | $4K | $5K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8055 | −0.028% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8082 | +0.012% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8140 | +0.097% | $278K | $37K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8190 | +0.171% | $3K | — | 10x | as long as short |
| Lighter XCU | +0.0104% | 1h | 6.8260 | +0.273% | $477K | $42K | 20x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8125 | +0.075% | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0108% | 1h | 6.8128 | +0.080% | $34K | $176K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
tradeXYZ xyz:COPPER
Extended XCU-USD
Vest HG-PERP
Phoenix COPPER
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Lighter XCU
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD