Funding you earn now, next payment 04:00 UTC+0.0259%/8h= +28.4% APRnext payment +$0.32 per $10,000 · paid last 24h −0.129%
Price spread now: Kraken Futures against Lighter−0.196%7-day average −0.221% · you buy dearer than you sell
Net, funding: paid 7d − costs−$446as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$730.726% of the position
Funding, last 7 days−3.736%−$374 on $10k
+Price spread, last 4 days (all we have)+0.144%+$14 · spread now −0.196%, 7d avg −0.221%
=Together, before fees−3.591%+ Points / potential airdropLighter: Season 3 · farm board−$359 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Kraken Futures is 0.024% dearer against Lighter than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.221%. Mind the row above: over the last 7 days funding on this pair cost −3.736%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XCU | 6.8298 | 0.0032 | pay 0.0004% / 1h | 17m 53s | $477K | $40K | 20x |
| Short | Kraken Futures PF_XCUUSD | 6.8164 | 0.0291 | get 0.0036% / 1h | 17m 53s | $34K | $176K | 20x |
Lighter XCU
Kraken Futures PF_XCUUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Lighter. 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
- $54.37
- Price spread: −0.196% → −0.221%
- $2.42
- Slippage, 4 orders
- −$62.56
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$15.76
- Costs to cover
- 0.726%
- Break-even
- 9.0 days
Slippage from Lighter: live order book, 32 min ago; Kraken Futures: live order book, 39 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 Lighter live order book, 32 min ago | 2.48 bp | 11.3 bp −$11 | 32.2 bp −$322 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 39 min ago | 4.32 bp | 22.2 bp −$22 | doesn't fit | 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 | −0.0013% | 4h | 6.8200 | −0.143% | $88K | $143K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8232 | −0.097% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8201 | −0.142% | $9.0M | $32.8M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8194 | −0.152% | $480K | $959K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8080 | −0.319% | $1.3M | $495K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8190 | −0.158% | $26.0M | $4.3M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8200 | −0.143% | $2.5M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8182 | −0.169% | $742K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8210 | −0.129% | $96K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8190 | −0.158% | — | $6.6M | 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
GRVT COPPER_USDT_Perp
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 | 6.8240 | −0.085% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8150 | −0.217% | $4.2M | $77K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8201 | −0.141% | $178K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0009% | 1h | 6.8200 | −0.143% | $1.5M | $129K | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0016% | 1h | 6.8180 | −0.173% | $10.5M | $4.8M | 20x | as long as short |
| edgeX COPPERUSDC | +0.0017% | 4h | 6.8176 | −0.179% | $94K | $318K | 20x | as long as short |
| Lighter XCUlong | +0.0032% | 1h | 6.8298 | long leg | $477K | $40K | 20x | |
| Vest HG-PERP | +0.0046% | 1h | 6.8203 | −0.139% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8188 | −0.162% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8178 | −0.176% | $903 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8214 | −0.123% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8218 | −0.117% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8190 | −0.158% | $290K | $32K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8250 | −0.070% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8181 | −0.171% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0164% | 1h | 6.8210 | −0.129% | $45K | $23K | 20x | as long as short |
| Extended XCU-USD | +0.0192% | 1h | 6.8212 | −0.125% | $263K | $2.7M | 20x | as long as short |
| Kraken Futures PF_XCUUSDshort | +0.0291% | 1h | 6.8164 | −0.196% | $34K | $176K | 20x |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
tradeXYZ xyz:COPPER
edgeX COPPERUSDC
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Extended XCU-USD