Funding you earn now, next payment 12:00 UTC+0.0181%/8h= +19.8% APRpaid last 24h +0.019%
Price spread now: Kraken Futures against HTX−0.109%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−3.955%−$396 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Kraken Futures is 0.109% cheaper against HTX than usual: you would sell low and buy high (spread −0.109% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 2.0 days of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −3.955%, 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 | HTX COPPER-USDT | 6.8560 | 0 | get 0.0000% / 4h | 49m 32s | $61K | $71K | 75x |
| Short | Kraken Futures PF_XCUUSD | 6.8485 | 0.0181 | get 0.0023% / 1h | 49m 32s | $34K | $180K | 20x |
HTX COPPER-USDT
Kraken Futures PF_XCUUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against HTX. 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
- $38.06
- Price spread: −0.109% → 0.000%
- −$10.89
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $5.17
- Costs to cover
- 0.220%
- Break-even
- 6.0 days
Slippage unknown: HTX: no order-book sample; Kraken Futures: live order book, 56 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 HTX no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 56 min ago | 5.19 bp | 28.0 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
HTX: 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 28 exchanges
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 | 6.8444 | −0.169% | $35K | $31K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8430 | −0.190% | $9.3M | $32.9M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8371 | −0.276% | $532K | $823K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8320 | −0.350% | $1.3M | $173K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8430 | −0.190% | $26.2M | $5.6M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8420 | −0.204% | $3.9M | $2.2M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8537 | −0.034% | $774K | $540K | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8550 | −0.015% | $91K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8540 | −0.029% | — | $4.6M | 20x | as long as short |
| HTX COPPER-USDTlong | 0.0000% | 4h | 6.8560 | long leg | $61K | $71K | 75x |
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8380 | −0.263% | $4.2M | $83K | 100x | as long as short |
| QFEX COPPER-USD | +0.0001% | 1h | 6.8430 | −0.190% | $1.5M | $151K | 20x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8324 | −0.344% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0004% | 4h | 6.8534 | −0.037% | $95K | $320K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8501 | −0.086% | $479K | $26K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8406 | −0.225% | $270K | $1.7M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8409 | −0.220% | — | $36K | 25x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8461 | −0.144% | $907 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8411 | −0.217% | $2K | $825 | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8482 | −0.114% | $59K | $54K | 15x | as long as short |
| BloFin COPPER-USDT | +0.0059% | 4h | 6.8540 | −0.029% | $90K | $155K | 100x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8400 | −0.234% | $24K | $13K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8430 | −0.190% | $251K | $43K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8540 | −0.029% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8463 | −0.141% | $313 | — | 10x | as long as short |
| tradeXYZ xyz:COPPER | +0.0104% | 1h | 6.8413 | −0.214% | $10.9M | $4.0M | 20x | as long as short |
| Phoenix COPPER | +0.0140% | 1h | 6.8488 | −0.105% | $44K | $11K | 20x | as long as short |
| Kraken Futures PF_XCUUSDshort | +0.0181% | 1h | 6.8485 | −0.109% | $34K | $180K | 20x |
Phemex COPPERUSDT
QFEX COPPER-USD
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
Lighter XCU
Extended XCU-USD
Vest HG-PERP
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
BloFin COPPER-USDT
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
tradeXYZ xyz:COPPER
Phoenix COPPER