Funding you earn now, next payment 05:00 UTC+0.0404%/8h= +44.2% APRpaid last 24h +0.043%
Price spread now: Variational Omni against Kraken Futures+0.074%7-day average +0.023% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+3.476%+$348 on $10k
+Price spread, last 4 days (all we have)−0.181%−$18 · spread now +0.074%, 7d avg +0.023%
=Together, before fees+3.295%+ Points / potential airdropVariational Omni: Active · farm board+$329 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Variational Omni is 0.051% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XCUUSD | 6.8223 | −0.0404 | get 0.0050% / 1h | 29m 38s | $35K | $176K | 20x |
| Short | Variational Omni COPPER | 6.8273 | 0 | get 0.0000% / 4h | 3h 29m | $743K | $1.4M | — |
Kraken Futures PF_XCUUSD
Variational Omni COPPERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $84.8
- Price spread: +0.074% → +0.023%
- $5.08
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $79.89
- Costs to cover
- 0.100%
- Break-even
- 0.4 days
Slippage unknown: Kraken Futures: live order book, 23 min ago; Variational Omni: RFQ quote, 4 min ago. 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, 23 min ago | 9.16 bp | 25.1 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 2.98 bp | doesn't fit | 9.7 bp −$97 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCUUSDlong | −0.0404% | 1h | 6.8223 | long leg | $35K | $176K | 20x | |
| tradeXYZ xyz:COPPER | −0.0048% | 1h | 6.8275 | +0.077% | $10.6M | $4.9M | 20x | as long as short |
| QFEX COPPER-USD | −0.0003% | 1h | 6.8280 | +0.084% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8309 | +0.126% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8292 | +0.101% | $9.1M | $33.1M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8259 | +0.053% | $486K | $970K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8170 | −0.077% | $1.3M | $505K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8280 | +0.084% | $25.8M | $4.4M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8290 | +0.099% | $2.5M | $1.7M | 100x | as long as short |
| Variational Omni COPPERshort | 0.0000% | 4h | 6.8273 | +0.074% | $743K | $1.4M | — |
tradeXYZ xyz:COPPER
QFEX COPPER-USD
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8290 | +0.099% | $97K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8280 | +0.084% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8320 | +0.143% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8170 | −0.077% | $4.2M | $78K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8295 | +0.106% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0015% | 4h | 6.8278 | +0.081% | $95K | $320K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0019% | 4h | 6.8280 | +0.084% | $88K | $135K | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8395 | +0.253% | $478K | $40K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8302 | +0.116% | $265K | $2.6M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8294 | +0.105% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8291 | +0.100% | $45K | $23K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8278 | +0.081% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8273 | +0.074% | $904 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8306 | +0.122% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8292 | +0.101% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8260 | +0.055% | $291K | $32K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8340 | +0.172% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8281 | +0.086% | $312 | — | 10x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
BloFin COPPER-USDT
Lighter XCU
Extended XCU-USD
Vest HG-PERP
Phoenix COPPER
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP