Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0952%/8h= +104.3% APRpaid last 24h −0.138%

Price spread now: Kraken Futures against Aster−0.089%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−3.723%−$372 on $10k

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Kraken Futures is 0.089% cheaper against Aster than usual: you would sell low and buy high (spread −0.089% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 7 hours of funding at the current rate (+$29 a day). Mind the row above: over the last 7 days funding on this pair cost −3.723%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XCUUSDT	6.7904	0	get 0.0000% / 4h	2h 20m	$32K	$52K	50x
Short	Kraken Futures PF_XCUUSD	6.7844	0.0952	get 0.0119% / 1h	20m 43s	$26K	$177K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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 AsterbpFee Kraken FuturesbpOrdersPrice spread, now −0.089%Rate

Funding earned: $200
Price spread: −0.089% → 0.000%: −$8.87
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $173.14
Costs to cover: 0.180%
Break-even: 0.9 days

Slippage unknown: Aster: no order-book sample; Kraken Futures: live order book, 2 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 Aster no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 2 min ago	15.92 bp	22.2 bp −$22	doesn't fit	doesn't fit	doesn't fit

Aster: 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	−0.0118%	1h	6.7869	−0.052%	$899	$3K	20x	as long as short
tradeXYZ xyz:COPPER	−0.0083%	1h	6.7871	−0.049%	$10.3M	$5.9M	20x	as long as short
BloFin COPPER-USDT	−0.0028%	4h	6.7920	+0.023%	$87K	$149K	100x	as long as short
edgeX COPPERUSDC	−0.0010%	4h	6.7867	−0.055%	$93K	$317K	20x	as long as short
Aster XCUUSDTlong	0.0000%	4h	6.7904	long leg	$32K	$52K	50x
Binance COPPERUSDT	0.0000%	4h	6.7910	+0.008%	$8.9M	$34.9M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.7823	−0.120%	$469K	$1.2M	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7790	−0.169%	$1.3M	$522K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.7900	−0.007%	$25.6M	$4.1M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.7853	−0.076%	$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	6.7879	−0.037%	$91K	$2.3M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.7900	−0.007%	—	$7.9M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.7890	−0.021%	$60K	$28K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.7910	+0.008%	$4.2M	$82K	100x	as long as short
Lighter XCU	+0.0032%	1h	6.8023	+0.175%	$476K	$47K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.7891	−0.020%	$234K	$2.9M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.7905	+0.001%	—	$82K	25x	as long as short
Bitget COPPERUSDT	+0.0046%	4h	6.7880	−0.036%	$1.6M	$1.1M	100x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.7927	+0.033%	$64K	$26K	15x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.7909	+0.007%	$1K	$3K	5x	as long as short
QFEX COPPER-USD	+0.0053%	1h	6.7900	−0.007%	$1.5M	$138K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.7906	+0.003%	$23K	$16K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.7760	−0.213%	$259K	$25K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.7940	+0.052%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.7902	−0.004%	$310	—	10x	as long as short
Phoenix COPPER	+0.0329%	1h	6.7910	+0.008%	$45K	$30K	20x	as long as short
Kraken Futures PF_XCUUSDshort	+0.0952%	1h	6.7844	−0.089%	$26K	$177K	20x