COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.175%

Price spread now: Ondo Perps against Kraken Futures−0.073%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+3.952%+$395 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Ondo Perps is 0.073% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +3.952%, 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	6.7977	0.0060	pay 0.0008% / 1h	6m 25s	$27K	$171K	20x
Short	Ondo Perps COPPER-USD.P	6.7927	0.0050	get 0.0006% / 1h	6m 25s	$56K	$55K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Ondo PerpsbpOrdersPrice spread, now −0.073%Rate

Funding earned: −$2.02
Price spread: −0.073% → 0.000%: −$7.34
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$24.36
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 11 min ago; Ondo Perps: 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, 11 min ago	2.21 bp	21.0 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 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
tradeXYZ xyz:COPPER	−0.0025%	1h	6.7938	−0.057%	$10.4M	$5.4M	20x	as long as short
edgeX COPPERUSDC	−0.0015%	4h	6.7969	−0.012%	$93K	$317K	20x	as long as short
QFEX COPPER-USD	−0.0015%	1h	6.7980	+0.005%	$1.5M	$135K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.7998	+0.032%	$32K	$36K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.7999	+0.032%	$9.0M	$34.5M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.7942	−0.051%	$466K	$1.2M	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7840	−0.201%	$1.3M	$499K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.7990	+0.019%	$27.0M	$5.1M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.7990	+0.019%	$1.7M	$1.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.7966	−0.016%	$739K	$1.6M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8000	+0.034%	$90K	$2.2M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.7990	+0.019%	—	$7.7M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8020	+0.063%	$60K	$28K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.7920	−0.084%	$4.2M	$81K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.7976	−0.001%	$176K	—	250x	as long as short
BloFin COPPER-USDT	+0.0027%	4h	6.7940	−0.054%	$87K	$149K	100x	as long as short
Lighter XCU	+0.0032%	1h	6.8077	+0.147%	$476K	$45K	20x	as long as short
Extended XCU-USD	+0.0040%	1h	6.7983	+0.009%	$231K	$2.9M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.7973	−0.006%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.7990	+0.019%	$1K	$3K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.7943	−0.050%	$900	$3K	20x	as long as short
Ondo Perps COPPER-USD.Pshort	+0.0050%	1h	6.7927	−0.073%	$56K	$55K	15x
Kraken Futures PF_XCUUSDlong	+0.0060%	1h	6.7977	long leg	$27K	$171K	20x
Pacifica COPPER	+0.0100%	1h	6.7978	+0.002%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.7990	+0.019%	$258K	$25K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8030	+0.078%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.7987	+0.015%	$311	—	10x	as long as short
Phoenix COPPER	+0.0329%	1h	6.7965	−0.017%	$45K	$30K	20x	as long as short