Funding you earn now, next payment 01:00 UTC−0.0442%/8h= −48.4% APRpaid last 24h −0.109%
Price spread now: Kraken Futures against edgeX−0.134%76s7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$430as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$630.628% of the position
Funding, last 7 days−3.677%−$368 on $10k
+Price spread, last 3 days (all we have)+0.200%+$20 · spread now −0.134%, 7d avg −0.024%
=Together, before fees−3.477%+ Points / potential airdropedgeX: Active · farm board−$348 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Kraken Futures is 0.110% cheaper against edgeX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.024%). Swap the legs. The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX COPPERUSDC | 6.8046 | −0.0005 | get 0.0003% / 4h | 3h 54m | $93K | $317K | 20x |
| Short | Kraken Futures PF_XCUUSD | 6.7955 | −0.0448 | pay 0.0056% / 1h | 54m 06s | $28K | $174K | 20x |
edgeX COPPERUSDC
Kraken Futures PF_XCUUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against edgeX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$92.91
- Price spread: −0.134% → −0.024%
- −$11.01
- Slippage, 4 orders
- −$43.77
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$166.68
- Costs to cover
- 0.628%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 19 min ago; Kraken Futures: live order book, 18 min ago.
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 edgeX live order book, 19 min ago | 7.35 bp | 12.7 bp −$13 | 23.4 bp −$234 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 18 min ago | 0.29 bp | 25.0 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
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_XCUUSDshort | −0.0448% | 1h | 6.7955 | −0.134% | $28K | $174K | 20x | |
| BloFin COPPER-USDT | −0.0011% | 4h | 6.8070 | +0.035% | $87K | $150K | 100x | as long as short |
| edgeX COPPERUSDClong | −0.0005% | 4h | 6.8046 | long leg | $93K | $317K | 20x | |
| Aster XCUUSDT | 0.0000% | 4h | 6.8079 | +0.048% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8080 | +0.049% | $9.0M | $34.1M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8071 | +0.036% | $470K | $990K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7950 | −0.142% | $1.3M | $491K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8080 | +0.050% | $26.9M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8090 | +0.064% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8076 | +0.043% | $741K | $1.6M | — | as long as short |
BloFin COPPER-USDT
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPERShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8079 | +0.048% | $94K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8080 | +0.050% | — | $7.4M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8100 | +0.079% | $60K | $27K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7940 | −0.156% | $4.2M | $78K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8056 | +0.014% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0004% | 1h | 6.8070 | +0.035% | $1.5M | $139K | 20x | as long as short |
| Phoenix COPPER | +0.0035% | 1h | 6.8062 | +0.023% | $45K | $30K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8051 | +0.007% | — | $82K | 25x | as long as short |
| Lighter XCU | +0.0048% | 1h | 6.8172 | +0.185% | $477K | $45K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8084 | +0.056% | $1K | $3K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8042 | −0.006% | $10.4M | $5.1M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8050 | +0.005% | $901 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7992 | −0.080% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8080 | +0.049% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8010 | −0.053% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8130 | +0.123% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8050 | +0.005% | $311 | — | 10x | as long as short |
| Extended XCU-USD | +0.0384% | 1h | 6.8054 | +0.012% | $230K | $2.9M | 20x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
Phoenix COPPER
Vest HG-PERP
Lighter XCU
Paradex XCU-USD-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Extended XCU-USD