COPPER

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Kraken FuturesPF_XCUUSD	6.5371	+0.5267	pay 0.0658% / 1h	3m 40s	$187K	$42K	20x	Long Kraken Futures
SHORT	TxFlowCOPPER-USDC	6.5030	+0.0100	get 0.0013% / 1h	3m 40s	$389K	$110K	50x	Short TxFlow5% off

Price gap−0.521%

Funding gap−0.5167% /8h

The gap pays +$27 on $10k if it goes back to its 7d average, but funding costs $155 a day and eats that in about 4 hours.

If you open now and hold

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

Funding+$111−0.5167% /8h now · paid +1.105% over the last 7D

Price+$27spread −0.521% now, avg −0.792% → +0.271% if it goes back

Costs−$1451.453% of $10k · taker + slippage, in and out

Result−$8−0.08%+ Points / potential airdropTxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +1.105% in total, about +0.0526%/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−0.521%

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 30 exchanges

lowest funding first

Before you open

3 ok · 3 to watch

Watch: Thin at this size94.7 / 6.0 bp
At $10k entering Kraken Futures costs 94.7 bp, fee and slippage, 15.7× TxFlow’s.
Note: Margin at max leverage$500 + $200
Kraken Futures 20x, TxFlow 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$155.01Long Kraken Futures: 24 payments, −$158.01; short TxFlow: 24 payments, +$3.00.
OK: Entry gap works for you−0.521% vs −0.792%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$187K vs $389K OI
Kraken Futures sets your exit cost. Check its book before closing.
OK: Points on a legTxFlow points
Volume here counts toward the points program.
Watch: KYCKraken Futures Yes · TxFlow No
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Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0526%/8h × 21 periods+$110.54

Price spread−0.521% → −0.792% (7d avg)+$27.10

Slippage, 4 orderslive order books−$126.28

Fee Kraken Futures bp × 2 orders−$10.00

Fee TxFlow bp × 2 orders−$9.00

Net · 7 days · $10k−$7.65

Costs to cover1.453%Break-even7.5 days

Slippage: Kraken Futures: live order book, 38 min ago; TxFlow: live order book, 38 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGKraken Futures3.9094.7 bp−$95doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTTxFlow1.546.0 bp−$615.1 bp−$15197.7 bp−$9,767doesn’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 ↗