Funding you earn now, next payment 09:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h −0.017%
Price spread now: Kraken Futures against MEXC−0.009%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$423as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$540.537% of the position
Funding, last 7 days−3.697%−$370 on $10k
+Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.009%, 7d avg −0.035%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kraken Futures is 0.026% dearer against MEXC than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.035%. Mind the row above: over the last 7 days funding on this pair cost −3.697%, 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 | MEXC COPPER_USDT | 6.8150 | 0 | get 0.0000% / 4h | 3h 42m | $26.3M | $5.5M | 100x |
| Short | Kraken Futures PF_XCUUSD | 6.8144 | 0.0076 | get 0.0010% / 1h | 42m 59s | $34K | $178K | 20x |
MEXC COPPER_USDT
Kraken Futures PF_XCUUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against MEXC. 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
- $16
- Price spread: −0.009% → −0.035%
- $2.58
- Slippage, 4 orders
- −$43.73
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$35.15
- Costs to cover
- 0.537%
- Break-even
- 22.4 days
Slippage from MEXC: live order book, 1 min ago; Kraken Futures: live order book, 54 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 MEXC live order book, 1 min ago | 0.73 bp | 1.5 bp −$1 | 3.3 bp −$33 | 12.8 bp −$1,284 | 264.9 bp −$132.5K |
| Sell Kraken Futures live order book, 54 min ago | 5.57 bp | 22.6 bp −$23 | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:COPPER | −0.0057% | 1h | 6.8099 | −0.075% | $10.8M | $5.1M | 20x | as long as short |
| BloFin COPPER-USDT | −0.0031% | 4h | 6.8190 | +0.059% | $88K | $148K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8159 | +0.013% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8155 | +0.008% | $9.0M | $33.6M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8143 | −0.010% | $497K | $1.0M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8030 | −0.176% | $1.3M | $504K | 100x | as long as short |
| MEXC COPPER_USDTlong | 0.0000% | 4h | 6.8150 | long leg | $26.3M | $5.5M | 100x | |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8150 | 0.000% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8284 | +0.196% | $759K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8270 | +0.176% | $94K | $2.4M | 25x | as long as short |
tradeXYZ xyz:COPPER
BloFin COPPER-USDT
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX COPPER-USDT | 0.0000% | 4h | 6.8180 | +0.044% | — | $5.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8210 | +0.088% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8150 | 0.000% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8144 | −0.009% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0003% | 4h | 6.8274 | +0.182% | $95K | $320K | 20x | as long as short |
| QFEX COPPER-USD | +0.0018% | 1h | 6.8170 | +0.029% | $1.5M | $140K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8138 | −0.018% | $273K | $1.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8160 | +0.015% | — | $82K | 25x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8132 | −0.026% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8168 | +0.026% | $1K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8287 | +0.201% | $57K | $53K | 15x | as long as short |
| Lighter XCU | +0.0056% | 1h | 6.8267 | +0.172% | $478K | $26K | 20x | as long as short |
| Kraken Futures PF_XCUUSDshort | +0.0076% | 1h | 6.8144 | −0.009% | $34K | $178K | 20x | |
| Pacifica COPPER | +0.0100% | 1h | 6.8170 | +0.029% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8160 | +0.015% | $265K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8230 | +0.117% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8156 | +0.009% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0129% | 1h | 6.8175 | +0.037% | $45K | $22K | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
Extended XCU-USD
Vest HG-PERP
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER