Funding you earn now, next payment 08:00 UTC+0.0357%/8h= +39.1% APRpaid last 24h −0.053%
Price spread now: Kraken Futures against Gate+0.182%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$521as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1211.207% of the position
Funding, last 7 days−4.000%−$400 on $10k
+Price spread, last 4 days (all we have)−0.124%−$12 · spread now +0.182%, 7d avg +0.044%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Kraken Futures is 0.138% dearer against Gate than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.044%. Mind the row above: over the last 7 days funding on this pair cost −4.000%, 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 | Gate XCU_USDT | 6.8170 | 0 | get 0.0000% / 8h | 39m 37s | $1.3M | $528K | 100x |
| Short | Kraken Futures PF_XCUUSD | 6.8294 | 0.0357 | get 0.0045% / 1h | 39m 37s | $34K | $177K | 20x |
Gate XCU_USDT
Kraken Futures PF_XCUUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- $75.06
- Price spread: +0.182% → +0.044%
- $13.85
- Slippage, 4 orders
- −$95.67
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$31.76
- Costs to cover
- 1.207%
- Break-even
- 10.0 days
Slippage from Gate: live order book, 3 min ago; Kraken Futures: live order book, 63 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 Gate live order book, 3 min ago | 1.47 bp | 28.7 bp −$29 | 98.7 bp −$987 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 63 min ago | 3.38 bp | 25.2 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XCUUSDT | 0.0000% | 4h | 6.8294 | +0.182% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8330 | +0.235% | $9.1M | $33.7M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8284 | +0.167% | $495K | $1.0M | 50x | as long as short |
| Gate XCU_USDTlong | 0.0000% | 8h | 6.8170 | long leg | $1.3M | $528K | 100x | |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8330 | +0.235% | $26.6M | $5.2M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8340 | +0.249% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8332 | +0.237% | $765K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8343 | +0.254% | $94K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8340 | +0.249% | — | $6.2M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8320 | +0.220% | $61K | $24K | 75x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8210 | +0.059% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8284 | +0.166% | $178K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0017% | 1h | 6.8320 | +0.220% | $1.5M | $128K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0019% | 4h | 6.8300 | +0.191% | $95K | $318K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0043% | 4h | 6.8340 | +0.249% | $88K | $143K | 100x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8281 | +0.163% | — | $82K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8297 | +0.186% | $10.6M | $5.0M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8303 | +0.195% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8300 | +0.191% | $2K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8253 | +0.122% | $57K | $55K | 15x | as long as short |
| Extended XCU-USD | +0.0056% | 1h | 6.8272 | +0.149% | $272K | $2.0M | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8281 | +0.163% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8290 | +0.176% | $278K | $37K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8380 | +0.308% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8321 | +0.221% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0106% | 1h | 6.8279 | +0.160% | $45K | $22K | 20x | as long as short |
| Lighter XCU | +0.0168% | 1h | 6.8418 | +0.364% | $479K | $26K | 20x | as long as short |
| Kraken Futures PF_XCUUSDshort | +0.0357% | 1h | 6.8294 | +0.182% | $34K | $177K | 20x |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
edgeX COPPERUSDC
BloFin COPPER-USDT
Vest HG-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Extended XCU-USD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Lighter XCU