COPPER

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	GateXCU_USDT	6.5060	0	0.0000% / 8h	7h 57m	$934K	$11K	100x	Long Gate
SHORT	KalshiKXCOPPERPERP	6.5958	+0.0418	get 0.1255% / 24h	13h 57m	$230K	$187K	7.8x	Short Kalshi

Price gap+1.380%

Funding gap+0.0418% /8h

Funding pays +$13 a day on $10k, but the gap is 0.129% under its 7d average: −$13 if it goes back, about 25 hours of funding.

If you open now and hold

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

Funding−$7+0.0418% /8h now · paid −0.067% over the last 7D

Price−$13spread +1.380% now, avg +1.510% → −0.129% if it goes back

Costs−$670.671% of $10k · taker + slippage, in and out

Result−$87−0.87%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.067% in total, about −0.0032%/8h on average.

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+1.380%

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 31 exchanges

lowest funding first

Before you open

0 ok · 5 to watch

Watch: Thin at this size35.6 / 1.3 bp
At $10k entering Gate costs 35.6 bp, fee and slippage, 26.7× Kalshi’s.
Note: Margin at max leverage$100 + $1,274
Gate 100x, Kalshi 7.8x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ8h / 24h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$12.55Long Gate: 3 payments, $0.00; short Kalshi: 1 payment, +$12.55.
Watch: Gap narrower than usual+1.380% vs +1.510%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$230K vs $934K OI
Kalshi sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCGate Yes · Kalshi Yes
KYC before the futures account opens; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0032%/8h × 21 periods−$6.67

Price spread+1.380% → +1.510% (7d avg)−$12.94

Slippage, 4 orderslive order books−$51.58

Fee Gate bp × 2 orders−$15.00

Fee Kalshi bp × 2 orders−$0.48

Net · 7 days · $10k−$86.67

Costs to cover0.671%Break-evennever at this rate

Slippage: Gate: live order book, 29 min ago; Kalshi: live order book, 30 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGGate3.8435.6 bp−$36145.6 bp−$1,456doesn’t fitdoesn’t fit

SELL · SHORTKalshi0.611.3 bp−$15.9 bp−$59doesn’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 ↗