COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= +0.1% APRpaid last 24h −0.052%

Price spread now: MEXC against QFEX+0.015%7-day average +0.032% · 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−$18as in the Price arb table

costs, in and out, $10k−$160.159% of the position

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.069%−$7 on $10k

Price spread, last 7 days+0.017%+$2 · spread now +0.015%, 7d avg +0.032%

Together, before fees−0.053%−$5 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	6.8290	0.0000	get 0.0000% / 1h	1m 07s	$1.5M	$129K	20x
Short	MEXC COPPER_USDT	6.8300	0	get 0.0000% / 4h	1h 01m	$26.0M	$4.2M	100x

Funding history

latest

Range statsloading…

MEXC 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 MEXCbpOrdersPrice spread, now +0.015%Rate

Slippage from QFEX: live order book, 5 min ago; MEXC: live order book, 3 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, 5 min ago	1.47 bp	7.9 bp −$8	11.8 bp −$118	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.73 bp	0.7 bp −$1	2.7 bp −$27	9.8 bp −$981	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
BloFin COPPER-USDT	−0.0001%	4h	6.8290	0.000%	$88K	$143K	100x	as long as short
QFEX COPPER-USDlong	0.0000%	1h	6.8290	long leg	$1.5M	$129K	20x
Aster XCUUSDT	0.0000%	4h	6.8288	−0.003%	$32K	$21K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8310	+0.029%	$9.0M	$32.5M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8238	−0.076%	$471K	$946K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8100	−0.278%	$1.3M	$493K	100x	as long as short
MEXC COPPER_USDTshort	0.0000%	4h	6.8300	+0.015%	$26.0M	$4.2M	100x
Bitget COPPERUSDT	0.0000%	4h	6.8310	+0.029%	$1.7M	$986K	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8291	+0.001%	$743K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8299	+0.014%	$86K	$2.1M	25x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX COPPER-USDT	0.0000%	4h	6.8300	+0.015%	—	$6.7M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8300	+0.015%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8150	−0.205%	$4.2M	$76K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8263	−0.039%	$178K	—	250x	as long as short
Phoenix COPPER	+0.0012%	1h	6.8301	+0.016%	$45K	$23K	20x	as long as short
edgeX COPPERUSDC	+0.0018%	4h	6.8295	+0.008%	$95K	$319K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8256	−0.050%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8277	−0.019%	$2K	$2K	5x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8277	−0.019%	$10.5M	$4.8M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8272	−0.026%	$904	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8296	+0.009%	$57K	$55K	15x	as long as short
Lighter XCU	+0.0088%	1h	6.8381	+0.133%	$478K	$39K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8297	+0.010%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8290	0.000%	$258K	$21K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8360	+0.103%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8281	−0.013%	$312	—	10x	as long as short
Kraken Futures PF_XCUUSD	+0.0195%	1h	6.8274	−0.024%	$35K	$178K	20x	as long as short
Extended XCU-USD	+0.0840%	1h	6.8266	−0.035%	$224K	$2.8M	20x	as long as short