Settings8H · net · $10k
Funding arb · Price arb /

COPPER

RWAall COPPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0291%/8h= +31.9% APRpaid last 24h −0.106%
Price spread now: Kraken Futures against SunX−0.035%7-day average −0.034% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−3.937%−$394 on $10k
Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.035%, 7d avg −0.034%
Together, before fees−3.890%−$389 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −3.937%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX COPPER-USDT6.81900get 0.0000% / 4h21m 41s$6.6M20x
ShortKraken Futures PF_XCUUSD6.81660.0291get 0.0036% / 1h21m 41s$34K$176K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against SunX. 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

Funding earned
$61.09
Price spread: −0.035% → −0.034%
−$0.02
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$43.07
Costs to cover
0.180%
Break-even
2.1 days
Slippage unknown: SunX: live order book, 7 min ago; Kraken Futures: live order book, 36 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 7 min ago46.21 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures live order book, 36 min ago4.32 bp22.2 bp −$22doesn't fitdoesn't fitdoesn't fit

COPPER on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin COPPER-USDT−0.0003%4h6.8200+0.015%$88K$144K100xas long as short
Aster XCUUSDT0.0000%4h6.8238+0.071%$32K$27K50xas long as short
Binance COPPERUSDT0.0000%4h6.8207+0.024%$9.0M$32.8M100xas long as short
OKX XCU-USDT-SWAP0.0000%8h6.8198+0.012%$480K$962K50xas long as short
Gate XCU_USDT0.0000%8h6.8080−0.161%$1.3M$495K100xas long as short
MEXC COPPER_USDT0.0000%4h6.8200+0.015%$26.0M$4.3M100xas long as short
Bitget COPPERUSDT0.0000%4h6.81900.000%$2.5M$1.7M100xas long as short
Variational Omni COPPER0.0000%4h6.8142−0.070%$742K$1.4Mas long as short
GRVT COPPER_USDT_Perp0.0000%4h6.8186−0.005%$96K$2.1M25xas long as short
SunX COPPER-USDTlong0.0000%4h6.8190long leg$6.6M20x
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX COPPER-USDT0.0000%4h6.8230+0.059%$61K$24K75xas long as short
Phemex COPPERUSDT0.0000%4h6.8150−0.059%$4.2M$76K100xas long as short
gTrade (Gains Network) HG/USDL +0.0002% / S −0.0001%1h6.8209+0.028%$178K250xas long as short
QFEX COPPER-USD+0.0009%1h6.8200+0.015%$1.5M$129K20xas long as short
edgeX COPPERUSDC+0.0011%4h6.8151−0.057%$94K$317K20xas long as short
Lighter XCU+0.0032%1h6.8296+0.155%$477K$40K20xas long as short
tradeXYZ xyz:COPPER+0.0032%1h6.8173−0.025%$10.5M$4.8M20xas long as short
Vest HG-PERP+0.0046%1h6.8208+0.026%$82K25xas long as short
Paradex XCU-USD-PERP+0.0050%8h6.8201+0.016%$2K$2K5xas long as short
SoDEX COPPER-USD+0.0050%1h6.8177−0.019%$903$3K20xas long as short
Ondo Perps COPPER-USD.P+0.0050%1h6.8214+0.035%$57K$55K15xas long as short
Pacifica COPPER+0.0100%1h6.8225+0.051%$23K$14K10xas long as short
KuCoin COPPERUSDTM+0.0100%4h6.81900.000%$290K$32K50xas long as short
Orderly PERP_COPPER_USDC_mythos+0.0100%8h6.8240+0.073%$3K10xas long as short
Aevo COPPER-PERP+0.0104%1h6.8182−0.012%$31210xas long as short
Phoenix COPPER+0.0164%1h6.8187−0.004%$45K$23K20xas long as short
Kraken Futures PF_XCUUSDshort+0.0291%1h6.8166−0.035%$34K$176K20x
Extended XCU-USD+0.0312%1h6.8219+0.042%$263K$2.7M20xas long as short