Funding you earn now, next payment 10:00 UTC−0.0330%/8h= −36.1% APRpaid last 24h +0.026%
Price spread now: GRVT against Kraken Futures+0.001%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs+$311as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$670.666% of the position
Funding, last 7 days+3.773%+$377 on $10k
+Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.001%, 7d avg +0.063%
=Together, before fees+3.702%+ Points / potential airdropGRVT: Active · farm board+$370 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and GRVT is 0.062% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.063%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +3.773%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XCUUSD | 6.8363 | 0.0330 | pay 0.0041% / 1h | 58m 46s | $34K | $178K | 20x |
| Short | GRVT COPPER_USDT_Perp | 6.8364 | 0 | get 0.0000% / 4h | 2h 58m | $91K | $2.4M | 25x |
Kraken Futures PF_XCUUSD
GRVT COPPER_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$69.23
- Price spread: +0.001% → +0.063%
- −$6.17
- Slippage, 4 orders
- −$47.57
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$141.97
- Costs to cover
- 0.666%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 34 min ago; GRVT: live order book, 5 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 Kraken Futures live order book, 34 min ago | 6.98 bp | 22.9 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 5 min ago | 0.73 bp | 8.9 bp −$9 | 22.5 bp −$225 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COPPER-USDT | −0.0035% | 4h | 6.8360 | −0.005% | $88K | $152K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8376 | +0.019% | $33K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8374 | +0.015% | $9.0M | $33.4M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8327 | −0.053% | $499K | $984K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8210 | −0.224% | $1.3M | $183K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8370 | +0.010% | $26.0M | $5.5M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8370 | +0.010% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8322 | −0.060% | $765K | $1.3M | — | as long as short |
| GRVT COPPER_USDT_Perpshort | 0.0000% | 4h | 6.8364 | +0.001% | $91K | $2.4M | 25x | |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8380 | +0.024% | — | $5.5M | 20x | as long as short |
BloFin COPPER-USDT
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
SunX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8390 | +0.039% | $61K | $54K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8230 | −0.195% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8323 | −0.059% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0008% | 4h | 6.8367 | +0.006% | $95K | $321K | 20x | as long as short |
| QFEX COPPER-USD | +0.0018% | 1h | 6.8380 | +0.024% | $1.5M | $144K | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0020% | 1h | 6.8327 | −0.053% | $10.8M | $4.1M | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8349 | −0.022% | $273K | $1.7M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8343 | −0.030% | — | $36K | 25x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8332 | −0.046% | $905 | $6K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8392 | +0.042% | $57K | $53K | 15x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8335 | −0.041% | $2K | $1K | 5x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8330 | −0.049% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8380 | +0.024% | $266K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8430 | +0.098% | $3K | — | 10x | as long as short |
| Lighter XCU | +0.0104% | 1h | 6.8481 | +0.172% | $479K | $23K | 20x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8370 | +0.009% | $313 | — | 10x | as long as short |
| Phoenix COPPER | +0.0129% | 1h | 6.8336 | −0.040% | $45K | $17K | 20x | as long as short |
| Kraken Futures PF_XCUUSDlong | +0.0330% | 1h | 6.8363 | long leg | $34K | $178K | 20x |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
tradeXYZ xyz:COPPER
Extended XCU-USD
Vest HG-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Paradex XCU-USD-PERP
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Lighter XCU
Aevo COPPER-PERP
Phoenix COPPER