Funding you earn now, next payment 23:00 UTC−0.0015%/8h= −1.7% APRpaid last 24h −0.008%
Price spread now: QFEX against Gate+0.206%7-day average +0.040% · 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−$62as in the Price arb table
costs, in and out, $10k−$790.785% of the position
Funding, last 3 days (all we have)−0.019%−$2 on $10k
+Price spread, last 7 days−0.162%−$16 · spread now +0.206%, 7d avg +0.040%
=The price spread pays, funding is against you. QFEX is 0.167% dearer against Gate than usual: you sell high and buy low (spread +0.206% now, against its 7-day average of +0.040%): +$17 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 36 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XCU_USDT | 6.7840 | 0 | get 0.0000% / 8h | 1h 05m | $1.3M | $499K | 100x |
| Short | QFEX COPPER-USD | 6.7980 | −0.0015 | pay 0.0002% / 1h | 5m 53s | $1.5M | $135K | 20x |
Gate XCU_USDT
QFEX COPPER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Gate. 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
- −$3.23
- Price spread: +0.206% → +0.040%
- $16.66
- Slippage, 4 orders
- −$53.53
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$65.09
- Costs to cover
- 0.785%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; QFEX: live order book, 11 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 Gate live order book, 1 min ago | 1.47 bp | 25.8 bp −$26 | 113.0 bp −$1,130 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 11 min ago | 2.94 bp | 7.9 bp −$8 | 11.0 bp −$110 | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:COPPER | −0.0028% | 1h | 6.7934 | +0.139% | $10.4M | $5.4M | 20x | as long as short |
| edgeX COPPERUSDC | −0.0015% | 4h | 6.7969 | +0.190% | $93K | $317K | 20x | as long as short |
| QFEX COPPER-USDshort | −0.0015% | 1h | 6.7980 | +0.206% | $1.5M | $135K | 20x | |
| Aster XCUUSDT | 0.0000% | 4h | 6.8001 | +0.237% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8001 | +0.237% | $9.0M | $34.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7942 | +0.150% | $466K | $1.2M | 50x | as long as short |
| Gate XCU_USDTlong | 0.0000% | 8h | 6.7840 | long leg | $1.3M | $499K | 100x | |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7990 | +0.221% | $27.0M | $5.1M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.7990 | +0.221% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.7966 | +0.185% | $739K | $1.6M | — | as long as short |
tradeXYZ xyz:COPPER
edgeX COPPERUSDC
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPERShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8000 | +0.236% | $90K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7990 | +0.221% | — | $7.7M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8020 | +0.265% | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7920 | +0.118% | $4.2M | $81K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.7976 | +0.201% | $176K | — | 250x | as long as short |
| BloFin COPPER-USDT | +0.0027% | 4h | 6.7940 | +0.147% | $87K | $149K | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8078 | +0.351% | $476K | $45K | 20x | as long as short |
| Extended XCU-USD | +0.0040% | 1h | 6.7986 | +0.215% | $231K | $2.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7973 | +0.196% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7990 | +0.221% | $1K | $3K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7943 | +0.152% | $900 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7927 | +0.128% | $56K | $55K | 15x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0060% | 1h | 6.7977 | +0.202% | $27K | $171K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7978 | +0.204% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7990 | +0.221% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8030 | +0.280% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7987 | +0.216% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0329% | 1h | 6.7965 | +0.184% | $45K | $30K | 20x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
BloFin COPPER-USDT
Lighter XCU
Extended XCU-USD
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER