Funding you earn now, next payment 11:00 UTC−0.0337%/8h= −36.9% APRpaid last 24h −0.017%
Price spread now: MEXC against Kraken Futures+0.069%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs+$328as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$420.419% of the position
Funding, last 7 days+3.694%+$369 on $10k
+Price spread, last 4 days (all we have)−0.128%−$13 · spread now +0.069%, 7d avg +0.034%
=The price spread pays, funding is against you. MEXC is 0.035% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.069% now, against its 7-day average of +0.034%): +$4 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 8 hours. Mind the row above: over the last 7 days funding on this pair paid +3.694%, 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 | 6.8463 | 0.0337 | pay 0.0042% / 1h | 50m 22s | $34K | $180K | 20x |
| Short | MEXC COPPER_USDT | 6.8510 | 0 | get 0.0000% / 4h | 1h 50m | $26.3M | $5.5M | 100x |
Kraken Futures PF_XCUUSD
MEXC COPPER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$70.68
- Price spread: +0.069% → +0.034%
- $3.5
- Slippage, 4 orders
- −$31.88
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$109.05
- Costs to cover
- 0.419%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 60 min ago; MEXC: live order book, 1 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, 60 min ago | 3.73 bp | 15.1 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.73 bp | 0.7 bp −$1 | 2.2 bp −$22 | 8.4 bp −$836 | 236.9 bp −$118.4K |
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 | 6.8509 | +0.068% | $35K | $31K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8500 | +0.054% | $9.0M | $32.0M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8454 | −0.013% | $508K | $804K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8340 | −0.179% | $1.3M | $181K | 100x | as long as short |
| MEXC COPPER_USDTshort | 0.0000% | 4h | 6.8510 | +0.069% | $26.3M | $5.5M | 100x | |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8490 | +0.040% | $3.6M | $1.9M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8508 | +0.065% | $775K | $538K | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8514 | +0.075% | $92K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8510 | +0.069% | — | $4.8M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8520 | +0.084% | $61K | $71K | 75x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_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 | −0.106% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8461 | −0.003% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0008% | 4h | 6.8497 | +0.050% | $95K | $319K | 20x | as long as short |
| QFEX COPPER-USD | +0.0011% | 1h | 6.8490 | +0.040% | $1.5M | $150K | 20x | as long as short |
| BloFin XCU-USDT | +0.0016% | 8h | 6.8448 | −0.022% | $49K | $302K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8603 | +0.205% | $480K | $25K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8467 | +0.006% | $274K | $1.7M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8486 | +0.034% | — | $36K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8485 | +0.033% | $10.8M | $3.8M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8466 | +0.005% | $907 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8491 | +0.042% | $2K | $825 | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8476 | +0.019% | $59K | $52K | 15x | as long as short |
| Phoenix COPPER | +0.0093% | 1h | 6.8508 | +0.066% | $44K | $18K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8502 | +0.058% | $24K | $13K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8520 | +0.084% | $267K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8560 | +0.142% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8488 | +0.037% | $313 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSDlong | +0.0337% | 1h | 6.8463 | long leg | $34K | $180K | 20x |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
BloFin XCU-USDT
Lighter XCU
Extended XCU-USD
Vest HG-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Phoenix COPPER
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP