COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0003%/8h= +0.4% APRpaid last 24h −0.039%

Price spread now: Binance against QFEX+0.029%7-day average +0.033% · 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−$300.302% of the position

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.070%−$7 on $10k

Price spread, last 7 days−0.011%−$1 · spread now +0.029%, 7d avg +0.033%

Together, before fees−0.081%−$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX COPPER-USD	6.8250	−0.0003	get 0.0000% / 1h	45m 13s	$1.5M	$129K	20x
Short	Binance COPPERUSDT	6.8270	0	get 0.0000% / 4h	3h 45m	$9.1M	$33.0M	100x

Funding history

latest

Range statsloading…

Binance against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee QFEXbpFee BinancebpOrdersPrice spread, now +0.029%Rate

Slippage from QFEX: live order book, 6 min ago; Binance: live order book, 11 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy QFEX live order book, 6 min ago	1.47 bp	9.4 bp −$9	13.6 bp −$136	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.73 bp	5.7 bp −$6	8.2 bp −$82	75.7 bp −$7,565	doesn't fit

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
Kraken Futures PF_XCUUSD	−0.0404%	1h	6.8255	+0.008%	$35K	$176K	20x	as long as short
tradeXYZ xyz:COPPER	−0.0087%	1h	6.8243	−0.010%	$10.5M	$4.8M	20x	as long as short
BloFin COPPER-USDT	−0.0047%	4h	6.8280	+0.044%	$88K	$144K	100x	as long as short
QFEX COPPER-USDlong	−0.0003%	1h	6.8250	long leg	$1.5M	$129K	20x
Aster XCUUSDT	0.0000%	4h	6.8270	+0.029%	$32K	$27K	50x	as long as short
Binance COPPERUSDTshort	0.0000%	4h	6.8270	+0.029%	$9.1M	$33.0M	100x
OKX XCU-USDT-SWAP	0.0000%	8h	6.8279	+0.042%	$481K	$961K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8060	−0.278%	$1.3M	$497K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8270	+0.029%	$25.8M	$4.3M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8280	+0.044%	$2.5M	$1.7M	100x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni COPPER	0.0000%	4h	6.8273	+0.034%	$743K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8252	+0.002%	$88K	$2.2M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8250	0.000%	—	$6.6M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8300	+0.073%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8150	−0.147%	$4.2M	$78K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8264	+0.021%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0020%	4h	6.8281	+0.046%	$95K	$320K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8359	+0.160%	$477K	$40K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8274	+0.035%	$266K	$2.6M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8265	+0.022%	—	$82K	25x	as long as short
Phoenix COPPER	+0.0047%	1h	6.8269	+0.028%	$45K	$23K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8258	+0.012%	$2K	$2K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8245	−0.007%	$904	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8302	+0.076%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8291	+0.060%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8260	+0.015%	$291K	$32K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8320	+0.103%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8249	−0.002%	$312	—	10x	as long as short