COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0531%/8h= −58.1% APRnext payment −$0.66 per $10,000 · paid last 24h −0.084%

Price spread now: Kraken Futures against SoDEX+0.066%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Kraken Futures is 0.066% dearer against SoDEX than usual: you sell high and buy low (spread +0.066% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX COPPER-USD	6.8169	0.0050	pay 0.0006% / 1h	1m 39s	$903	$3K	20x
Short	Kraken Futures PF_XCUUSD	6.8214	−0.0481	pay 0.0060% / 1h	1m 39s	$34K	$176K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against SoDEX. 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 SoDEXbpFee Kraken FuturesbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$111.43
Price spread: +0.066% → 0.000%: $6.62
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$122.81
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Kraken Futures: live order book, 46 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 SoDEX no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 46 min ago	5.49 bp	23.9 bp −$24	doesn't fit	doesn't fit	doesn't fit

SoDEX: 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
Kraken Futures PF_XCUUSDshort	−0.0481%	1h	6.8214	+0.066%	$34K	$176K	20x
QFEX COPPER-USD	−0.0001%	1h	6.8210	+0.060%	$1.5M	$130K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8217	+0.070%	$32K	$27K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8220	+0.075%	$9.2M	$33.5M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8167	−0.003%	$497K	$974K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8080	−0.131%	$1.3M	$533K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8220	+0.075%	$26.7M	$4.9M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8220	+0.075%	$2.9M	$2.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8243	+0.109%	$740K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8264	+0.140%	$95K	$2.3M	25x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX COPPER-USDT	0.0000%	4h	6.8220	+0.075%	—	$6.5M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8250	+0.119%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8150	−0.028%	$4.2M	$81K	100x	as long as short
tradeXYZ xyz:COPPER	+0.0001%	1h	6.8176	+0.010%	$10.6M	$5.0M	20x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8182	+0.018%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0002%	4h	6.8230	+0.090%	$95K	$319K	20x	as long as short
Phoenix COPPER	+0.0023%	1h	6.8223	+0.079%	$45K	$23K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8306	+0.201%	$477K	$40K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8187	+0.026%	$276K	$2.4M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8187	+0.026%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8206	+0.055%	$2K	$2K	5x	as long as short
SoDEX COPPER-USDlong	+0.0050%	1h	6.8169	long leg	$903	$3K	20x
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8169	0.000%	$57K	$55K	15x	as long as short
BloFin COPPER-USDT	+0.0056%	4h	6.8210	+0.060%	$87K	$140K	100x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8203	+0.050%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8210	+0.060%	$278K	$35K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8280	+0.163%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8208	+0.057%	$312	—	10x	as long as short