Funding you earn now, next payment 07:00 UTC+0.0017%/8h= +1.8% APRpaid last 24h 0.000%
Price spread now: QFEX against OKX+0.065%7-day average +0.012% · 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−$28as in the Price arb table
costs, in and out, $10k−$340.337% of the position
Funding, last 4 days (all we have)+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)−0.145%−$14 · spread now +0.065%, 7d avg +0.012%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and QFEX is 0.053% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX XCU-USDT-SWAP | 6.8186 | 0 | get 0.0000% / 8h | 56m 06s | $495K | $1.0M | 50x |
| Short | QFEX COPPER-USD | 6.8230 | 0.0017 | get 0.0002% / 1h | 56m 06s | $1.5M | $128K | 20x |
OKX XCU-USDT-SWAP
QFEX COPPER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against OKX. 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
- $3.48
- Price spread: +0.065% → +0.012%
- $5.27
- Slippage, 4 orders
- −$13.66
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$24.91
- Costs to cover
- 0.337%
- Break-even
- 57.1 days
Slippage from OKX: live order book, just now; 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 OKX live order book, just now | 0.73 bp | 7.6 bp −$8 | 26.4 bp −$264 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 2.20 bp | 7.2 bp −$7 | 11.4 bp −$114 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XCUUSDT | 0.0000% | 4h | 6.8227 | +0.060% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8247 | +0.089% | $9.0M | $34.0M | 100x | as long as short |
| OKX XCU-USDT-SWAPlong | 0.0000% | 8h | 6.8186 | long leg | $495K | $1.0M | 50x | |
| Gate XCU_USDT | 0.0000% | 8h | 6.8110 | −0.111% | $1.3M | $528K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8240 | +0.079% | $26.0M | $5.0M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8240 | +0.079% | $2.9M | $2.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8103 | −0.122% | $751K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8110 | −0.111% | $86K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8240 | +0.079% | — | $6.4M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8240 | +0.079% | $61K | $24K | 75x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8220 | +0.050% | $4.2M | $83K | 100x | as long as short |
| edgeX COPPERUSDC | +0.0002% | 4h | 6.8180 | −0.008% | $94K | $317K | 20x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8197 | +0.016% | $178K | — | 250x | as long as short |
| QFEX COPPER-USDshort | +0.0017% | 1h | 6.8230 | +0.065% | $1.5M | $128K | 20x | |
| BloFin COPPER-USDT | +0.0017% | 4h | 6.8220 | +0.050% | $88K | $143K | 100x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8196 | +0.014% | $272K | $2.2M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8199 | +0.019% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8061 | −0.183% | $45K | $22K | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8207 | +0.031% | $10.6M | $5.0M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8204 | +0.026% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8207 | +0.030% | $2K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8181 | −0.007% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8201 | +0.022% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8220 | +0.050% | $278K | $37K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8290 | +0.153% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8226 | +0.059% | $312 | — | 10x | as long as short |
| Lighter XCU | +0.0144% | 1h | 6.8345 | +0.233% | $478K | $26K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0358% | 1h | 6.8192 | +0.008% | $34K | $177K | 20x | as long as short |
Phemex COPPERUSDT
edgeX COPPERUSDC
gTrade (Gains Network) HG/USD
BloFin COPPER-USDT
Extended XCU-USD
Vest HG-PERP
Phoenix COPPER
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Lighter XCU
Kraken Futures PF_XCUUSD