COPPER

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BinanceCOPPERUSDT	6.5140	0	0.0000% / 4h	55m 50s	$8.5M	$1.5M	100x	Long Binance
SHORT	KalshiKXCOPPERPERP	6.6017	0	0.0000% / 24h	18h 55m	$183K	$903K	7.8x	Short Kalshi

Price gap+1.346%

Funding gap0.0000% /8h

Funding is ≈ 0 and the gap is 0.180% under its 7d average: the price leg works against you, −$18 on $10k if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$150.0000% /8h now · paid +0.151% over the last 7D

Price−$18spread +1.346% now, avg +1.526% → −0.180% if it goes back

Costsdoesn’t fit$10k a leg is deeper than the books hold

Result, before costs−$3−0.03%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+1.346%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

COPPER on 30 exchanges

lowest funding first

Before you open

0 ok · 5 to watch

Problem: Doesn’t fit the books—
$10k a leg is deeper than Kalshi’s order book right now.
Note: Margin at max leverage$100 + $1,274
Binance 100x, Kalshi 7.8x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ4h / 24h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: $0.00Long Binance: 6 payments, $0.00; short Kalshi: 1 payment, $0.00.
Watch: Gap narrower than usual+1.346% vs +1.526%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$183K vs $8.5M OI
Kalshi sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBinance Yes · Kalshi Yes
Verified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0072%/8h × 21 periods+$15.06

Price spread+1.346% → +1.526% (7d avg)−$18.00

Slippage, 4 ordersdoesn’t fit the book at $10k—

Fee Binance bp × 2 orders−$8.00

Fee Kalshi bp × 2 orders−$0.48

Net · 7 days · $10k—

doesn’t fit the books at $10k

Costs to cover—Break-even—

Slippage: Binance: live order book, 9 min ago; Kalshi: live order book, 57 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBinance0.775.4 bp−$510.7 bp−$10792.7 bp−$9,270doesn’t fit

SELL · SHORTKalshi5.07doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

COPPER news

posts that mention COPPER or Copper, from every exchangeSearch all news →

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10-13 00:00	Kalshi	Other	JUST IN: Copper is trading near a record high @Kalshi on X ↗
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10-06 13:32	Kalshi	Listing	new market KXCOPPERPERP ($COPPER) seen by our collector
09-29 14:40	Variational Omni	Listing	A swap for Copper $COPP is now live with zero fees, up to 10x leverage, and direct TradFi liquidity. @variational_io on X ↗
09-23 04:09	Bitget	Other	Copper futures just hit a new ATH. Don’t miss the next alpha, follow @Bitget_TradFi for the moves that matter. Let #Bitget empower your next trade. @bitget on X ↗