Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0032%/8hnext payment +$0.04 per $10,000 · paid last 24h +0.023%

Price spread now: Vest against QFEX−0.072%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.072% cheaper against QFEX than usual: you would sell low and buy high (spread −0.072% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 7.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX COPPER-USD	6.7900	0.0014	pay 0.0002% / 1h	23m 04s	$1.5M	$89K	20x
Short	Vest HG-PERP	6.7851	0.0046	get 0.0006% / 1h	23m 04s	—	$82K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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

Profit calculator

Position, each leg$Hold fordaysFee QFEXbpFee VestbpOrdersPrice spread, now −0.072%Rate

Funding earned: $6.69
Price spread: −0.072% → 0.000%: −$7.22
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: −$12.53
Costs to cover: 0.120%
Break-even: 20.1 days

Slippage unknown: QFEX: live order book, 8 min ago; Vest: no order-book sample. Net counts fees only.

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, 8 min ago	2.21 bp	7.2 bp −$7	11.2 bp −$112	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
edgeX COPPERUSDC	−0.0004%	4h	6.7885	−0.022%	$93K	$316K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.7865	−0.052%	$32K	$52K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.7907	+0.011%	$9.0M	$34.7M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.7828	−0.106%	$559K	$1.1M	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7750	−0.221%	$1.3M	$518K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.7900	0.000%	$25.6M	$4.1M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.7885	−0.023%	$753K	$1.6M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.7900	0.000%	$95K	$2.0M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.7910	+0.015%	—	$7.9M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.7930	+0.044%	$60K	$28K	75x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex COPPERUSDT	0.0000%	4h	6.7900	0.000%	$4.2M	$80K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.7851	−0.071%	$176K	—	250x	as long as short
BloFin COPPER-USDT	+0.0010%	4h	6.7910	+0.015%	$89K	$147K	100x	as long as short
QFEX COPPER-USDlong	+0.0014%	1h	6.7900	long leg	$1.5M	$89K	20x
Phoenix COPPER	+0.0024%	1h	6.7865	−0.052%	$45K	$30K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.7855	−0.066%	$240K	$2.9M	20x	as long as short
Vest HG-PERPshort	+0.0046%	1h	6.7851	−0.072%	—	$82K	25x
tradeXYZ xyz:COPPER	+0.0050%	1h	6.7863	−0.054%	$10.5M	$5.8M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.7863	−0.054%	$899	$3K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.7889	−0.016%	$1K	$3K	5x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.7881	−0.028%	$62K	$20K	15x	as long as short
Bitget COPPERUSDT	+0.0084%	4h	6.7910	+0.015%	$1.7M	$1.0M	100x	as long as short
Kraken Futures PF_XCUUSD	+0.0095%	1h	6.7888	−0.017%	$26K	$209K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.7901	+0.002%	$25K	$11K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.7860	−0.059%	$258K	$25K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.7950	+0.074%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.7903	+0.005%	$310	—	10x	as long as short
Lighter XCU	+0.0144%	1h	6.7973	+0.108%	$476K	$46K	20x	as long as short