COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0039%/8h= −4.3% APRnext payment −$0.05 per $10,000 · paid last 24h −0.018%

Price spread now: QFEX against Vest+0.046%7-day average — · you sell dearer than you buy

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

Long on Vest Short on QFEX

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

The price spread pays, funding is against you. QFEX is 0.046% dearer against Vest than usual: you sell high and buy low (spread +0.046% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest HG-PERP	6.8079	0.0046	pay 0.0006% / 1h	58m 22s	—	$82K	25x
Short	QFEX COPPER-USD	6.8110	0.0006	get 0.0001% / 1h	58m 22s	$1.5M	$129K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Vest. 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 VestbpFee QFEXbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$8.27
Price spread: +0.046% → 0.000%: $4.55
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$15.71
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; QFEX: live order book, 8 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell QFEX live order book, 8 min ago	2.20 bp	8.7 bp −$9	12.9 bp −$129	doesn't fit	doesn't fit

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
Kraken Futures PF_XCUUSD	−0.1013%	1h	6.8078	−0.002%	$32K	$179K	20x	as long as short
tradeXYZ xyz:COPPER	−0.0149%	1h	6.8046	−0.048%	$10.4M	$5.0M	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8120	+0.060%	$32K	$35K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8102	+0.034%	$9.1M	$33.0M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8063	−0.024%	$472K	$950K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7960	−0.175%	$1.3M	$477K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8110	+0.046%	$26.9M	$4.9M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8100	+0.031%	$1.7M	$1.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8093	+0.021%	$742K	$1.5M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8123	+0.064%	$97K	$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	6.8090	+0.016%	—	$7.1M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8170	+0.134%	$61K	$26K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.7910	−0.248%	$4.2M	$75K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8069	−0.014%	$177K	—	250x	as long as short
edgeX COPPERUSDC	+0.0004%	4h	6.8107	+0.041%	$94K	$319K	20x	as long as short
QFEX COPPER-USDshort	+0.0006%	1h	6.8110	+0.046%	$1.5M	$129K	20x
BloFin COPPER-USDT	+0.0016%	4h	6.8090	+0.016%	$87K	$149K	100x	as long as short
Lighter XCU	+0.0040%	1h	6.8227	+0.217%	$477K	$39K	20x	as long as short
Vest HG-PERPlong	+0.0046%	1h	6.8079	long leg	—	$82K	25x
Paradex XCU-USD-PERP	+0.0050%	8h	6.8125	+0.068%	$1K	$2K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8055	−0.035%	$901	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8114	+0.051%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8115	+0.052%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8110	+0.046%	$258K	$25K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8160	+0.119%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8072	−0.011%	$311	—	10x	as long as short
Phoenix COPPER	+0.0118%	1h	6.8087	+0.012%	$45K	$30K	20x	as long as short
Extended XCU-USD	+0.0392%	1h	6.8104	+0.036%	$231K	$2.9M	20x	as long as short