COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0849%/8h= +92.9% APRnext payment +$1.06 per $10,000 · paid last 24h −0.217%

Price spread now: Kraken Futures against Aevo−0.082%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Kraken Futures is 0.082% cheaper against Aevo than usual: you would sell low and buy high (spread −0.082% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 8 hours of funding at the current rate (+$25 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo COPPER-PERP	6.7872	0.0104	pay 0.0013% / 1h	5m 58s	$310	—	10x
Short	Kraken Futures PF_XCUUSD	6.7816	0.0953	get 0.0119% / 1h	5m 58s	$26K	$177K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aevo. 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 AevobpFee Kraken FuturesbpOrdersPrice spread, now −0.082%Rate

Funding earned: $178.25
Price spread: −0.082% → 0.000%: −$8.22
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $144.03
Costs to cover: 0.260%
Break-even: 1.3 days

Slippage unknown: Aevo: no order-book sample; Kraken Futures: live order book, 16 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 Aevo no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 16 min ago	15.92 bp	22.2 bp −$22	doesn't fit	doesn't fit	doesn't fit

Aevo: 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 27 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
SoDEX COPPER-USD	−0.0125%	1h	6.7833	−0.058%	$898	$3K	20x	as long as short
tradeXYZ xyz:COPPER	−0.0075%	1h	6.7835	−0.055%	$10.4M	$6.0M	20x	as long as short
BloFin COPPER-USDT	−0.0041%	4h	6.7870	−0.003%	$87K	$150K	100x	as long as short
edgeX COPPERUSDC	−0.0015%	4h	6.7883	+0.016%	$93K	$317K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.7896	+0.036%	$32K	$52K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.7873	+0.002%	$8.9M	$35.2M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.7810	−0.092%	$469K	$1.2M	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7810	−0.092%	$1.3M	$522K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.7880	+0.012%	$27.1M	$5.1M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.7884	+0.017%	$752K	$1.6M	—	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COPPER_USDT_Perp	0.0000%	4h	6.7893	+0.031%	$91K	$2.3M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.7870	−0.003%	—	$7.9M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.7890	+0.026%	$60K	$28K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.7860	−0.018%	$4.2M	$82K	100x	as long as short
Bitget COPPERUSDT	+0.0014%	4h	6.7880	+0.012%	$1.6M	$1.1M	100x	as long as short
Lighter XCU	+0.0032%	1h	6.8006	+0.197%	$476K	$47K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.7884	+0.018%	$234K	$2.9M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.7905	+0.048%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.7884	+0.018%	$1K	$3K	5x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.7902	+0.044%	$56K	$33K	15x	as long as short
QFEX COPPER-USD	+0.0053%	1h	6.7870	−0.003%	$1.5M	$138K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.7888	+0.023%	$23K	$16K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.7770	−0.151%	$257K	$25K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.7930	+0.085%	$3K	—	10x	as long as short
Aevo COPPER-PERPlong	+0.0104%	1h	6.7872	long leg	$310	—	10x
Phoenix COPPER	+0.0329%	1h	6.7909	+0.054%	$45K	$30K	20x	as long as short
Kraken Futures PF_XCUUSDshort	+0.0953%	1h	6.7816	−0.082%	$26K	$177K	20x