Funding you earn now, next payment 12:00 UTC−0.0078%/8h= −8.5% APRnext payment −$0.10 per $10,000 · paid last 24h +0.012%
Price spread now: Aevo against Kraken Futures+0.053%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Aevo is 0.053% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.053% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XCUUSD | 6.8346 | 0.0182 | pay 0.0023% / 1h | 47m 47s | $34K | $180K | 20x |
| Short | Aevo COPPER-PERP | 6.8382 | 0.0104 | get 0.0013% / 1h | 47m 47s | $313 | — | 10x |
Kraken Futures PF_XCUUSD
Aevo COPPER-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Kraken Futures. 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
- −$16.3
- Price spread: +0.053% → 0.000%
- $5.32
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$36.98
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 58 min ago; Aevo: no order-book sample. 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 Kraken Futures live order book, 58 min ago | 5.19 bp | 13.6 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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 | 6.8418 | +0.106% | $35K | $41K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8420 | +0.109% | $9.3M | $33.1M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8340 | −0.008% | $532K | $823K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8290 | −0.082% | $1.3M | $174K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8400 | +0.079% | $26.2M | $5.6M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8400 | +0.079% | $3.9M | $2.2M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8537 | +0.280% | $774K | $540K | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8550 | +0.299% | $91K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8400 | +0.079% | — | $4.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8410 | +0.094% | $61K | $71K | 75x | as long as short |
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-USDT
HTX COPPER-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8390 | +0.065% | $4.2M | $83K | 100x | as long as short |
| QFEX COPPER-USD | +0.0001% | 1h | 6.8390 | +0.065% | $1.5M | $151K | 20x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8359 | +0.019% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0004% | 4h | 6.8534 | +0.276% | $95K | $320K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0026% | 4h | 6.8400 | +0.079% | $89K | $155K | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8511 | +0.242% | $479K | $27K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8397 | +0.075% | $270K | $1.7M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8363 | +0.025% | — | $36K | 25x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8378 | +0.047% | $905 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8393 | +0.070% | $2K | $825 | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8482 | +0.199% | $59K | $54K | 15x | as long as short |
| tradeXYZ xyz:COPPER | +0.0099% | 1h | 6.8413 | +0.098% | $10.9M | $4.0M | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8397 | +0.075% | $24K | $13K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8410 | +0.094% | $251K | $43K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8460 | +0.167% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERPshort | +0.0104% | 1h | 6.8382 | +0.053% | $313 | — | 10x | |
| Phoenix COPPER | +0.0140% | 1h | 6.8488 | +0.208% | $44K | $11K | 20x | as long as short |
| Kraken Futures PF_XCUUSDlong | +0.0182% | 1h | 6.8346 | long leg | $34K | $180K | 20x |
Phemex COPPERUSDT
QFEX COPPER-USD
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
BloFin COPPER-USDT
Lighter XCU
Extended XCU-USD
Vest HG-PERP
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
tradeXYZ xyz:COPPER
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Phoenix COPPER