Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +11.0% APRpaid last 24h +0.064%
Price spread now: KuCoin against QFEX−0.015%7-day average +0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1231.226% of the position
Funding, last 4 days (all we have)+0.170%+$17 on $10k
+Price spread, last 4 days (all we have)+0.180%+$18 · spread now −0.015%, 7d avg +0.044%
=Funding pays, the price is against you. KuCoin is 0.058% cheaper against QFEX than usual: you would sell low and buy high (spread −0.015% now, against its 7-day average of +0.044%). If the spread goes back, that is −$6 on $10k: about 47 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COPPER-USD | 6.8080 | 0.0000 | get 0.0000% / 1h | 46m 14s | $1.5M | $129K | 20x |
| Short | KuCoin COPPERUSDTM | 6.8070 | 0.0100 | get 0.0050% / 4h | 1h 46m | $258K | $21K | 50x |
QFEX COPPER-USD
KuCoin COPPERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against QFEX. 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
- $21.1
- Price spread: −0.015% → +0.044%
- −$5.84
- Slippage, 4 orders
- −$100.57
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$107.31
- Costs to cover
- 1.226%
- Break-even
- 42.6 days
Slippage from QFEX: live order book, 5 min ago; KuCoin: live order book, 49 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 QFEX live order book, 5 min ago | 1.47 bp | 6.5 bp −$6 | 10.8 bp −$108 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 49 min ago | 13.23 bp | 59.2 bp −$59 | 601.3 bp −$6,013 | 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 XCU-USDT | −0.0021% | 8h | 6.8114 | +0.050% | — | $267K | 20x | as long as short |
| QFEX COPPER-USDlong | 0.0000% | 1h | 6.8080 | long leg | $1.5M | $129K | 20x | |
| Aster XCUUSDT | 0.0000% | 4h | 6.8093 | +0.018% | $32K | $21K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8083 | +0.004% | $9.0M | $32.4M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8068 | −0.018% | $472K | $938K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7960 | −0.176% | $1.3M | $478K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8080 | 0.000% | $26.0M | $4.2M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8110 | +0.044% | $1.7M | $999K | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8132 | +0.076% | $742K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8154 | +0.109% | $95K | $2.0M | 25x | as long as short |
BloFin XCU-USDT
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX COPPER-USDT | 0.0000% | 4h | 6.8090 | +0.015% | — | $6.7M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8110 | +0.044% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7980 | −0.147% | $4.2M | $75K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8049 | −0.045% | $178K | — | 250x | as long as short |
| Phoenix COPPER | +0.0012% | 1h | 6.8126 | +0.068% | $45K | $23K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0015% | 4h | 6.8146 | +0.098% | $94K | $319K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8060 | −0.029% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8062 | −0.027% | $1K | $2K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8059 | −0.031% | $10.4M | $4.8M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8045 | −0.051% | $901 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8095 | +0.022% | $57K | $55K | 15x | as long as short |
| Lighter XCU | +0.0080% | 1h | 6.8173 | +0.137% | $477K | $39K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8060 | −0.029% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTMshort | +0.0100% | 4h | 6.8070 | −0.015% | $258K | $21K | 50x | |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8150 | +0.103% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8068 | −0.017% | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0196% | 1h | 6.8057 | −0.034% | $32K | $176K | 20x | as long as short |
| Extended XCU-USD | +0.0536% | 1h | 6.8039 | −0.061% | $224K | $2.8M | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
Phoenix COPPER
edgeX COPPERUSDC
Vest HG-PERP
Paradex XCU-USD-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Lighter XCU
Pacifica COPPER
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD
Extended XCU-USD