COPPER

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	KalshiKXCOPPERPERP	6.6031	+0.0346	pay 0.1038% / 24h	12h 46m	$185K	$376K	7.8x	Long Kalshi
SHORT	GRVTCOPPER_USDT_Perp	6.5020	0	0.0000% / 4h	2h 46m	$108K	$797K	25x	Short GRVT

Price gap−1.531%62s

Funding gap−0.0346% /8h

Both sides work against this direction now: funding costs $10 a day on $10k and the gap is 0.048% under its 7d average. Swap the legs.

If you open now and hold

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

Funding−$15−0.0346% /8h now · paid −0.149% over the last 7D

Price—spread −1.531%62s now · prices read too far apart to compare

Costs−$190.194% of $10k · taker + slippage, in and out

Result—+ Points / potential airdropGRVT: points · farm boardneeds both prices read together

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.149% in total, about −0.0071%/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−1.531%

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

2 ok · 4 to watch

OK: Fits both order books2.8 / 8.2 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$1,274 + $400
Kalshi 7.8x, GRVT 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ24h / 4h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$10.38Long Kalshi: 1 payment, −$10.38; short GRVT: 6 payments, $0.00.
Watch: Prices read 62 s apart−1.531% vs −1.483%
Part of this gap may be the market moving.
Watch: Short leg is thinner$108K vs $185K OI
GRVT sets your exit cost. Check its book before closing.
OK: Points on a legGRVT points
Volume here counts toward the points program.
Watch: KYCKalshi Yes · GRVT No
A US-regulated exchange: full KYC (ID, address, SSN when asked) before any trade.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0071%/8h × 21 periods−$14.90

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$9.91

Fee Kalshi bp × 2 orders−$0.48

Fee GRVT bp × 2 orders−$9.00

Net · 7 days · $10k−$34.29

price spread not counted: prices read too far apart

Costs to cover0.194%Break-evennever at this rate

Slippage: Kalshi: live order book, 36 min ago; GRVT: live order book, 36 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGKalshi2.352.8 bp−$35.4 bp−$54doesn’t fitdoesn’t fit

SELL · SHORTGRVT0.778.2 bp−$816.3 bp−$163doesn’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 ↗