Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0291%/8h= +31.9% APRpaid last 24h −0.065%

Price spread now: Kraken Futures against Aster−0.105%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−3.756%−$376 on $10k

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Kraken Futures is 0.105% cheaper against Aster than usual: you would sell low and buy high (spread −0.105% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 29 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −3.756%, 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	Aster XCUUSDT	6.8239	0	get 0.0000% / 4h	12m 33s	$32K	$27K	50x
Short	Kraken Futures PF_XCUUSD	6.8167	0.0291	get 0.0036% / 1h	12m 33s	$34K	$176K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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 AsterbpFee Kraken FuturesbpOrdersPrice spread, now −0.105%Rate

Funding earned: $61.09
Price spread: −0.105% → 0.000%: −$10.5
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $32.58
Costs to cover: 0.180%
Break-even: 3.3 days

Slippage unknown: Aster: no order-book sample; Kraken Futures: live order book, 45 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 Aster no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 45 min ago	4.32 bp	22.2 bp −$22	doesn't fit	doesn't fit	doesn't fit

Aster: 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
BloFin COPPER-USDT	−0.0023%	4h	6.8200	−0.057%	$88K	$144K	100x	as long as short
tradeXYZ xyz:COPPER	−0.0003%	1h	6.8179	−0.088%	$10.5M	$4.8M	20x	as long as short
Aster XCUUSDTlong	0.0000%	4h	6.8239	long leg	$32K	$27K	50x
Binance COPPERUSDT	0.0000%	4h	6.8201	−0.056%	$9.0M	$32.8M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8203	−0.053%	$480K	$959K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8020	−0.321%	$1.3M	$495K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8200	−0.057%	$26.0M	$4.3M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8200	−0.057%	$2.5M	$1.7M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8193	−0.067%	$742K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8199	−0.058%	$95K	$2.1M	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	6.8210	−0.042%	—	$6.6M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8230	−0.013%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8160	−0.116%	$4.2M	$77K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8233	−0.009%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0007%	4h	6.8171	−0.100%	$94K	$320K	20x	as long as short
QFEX COPPER-USD	+0.0009%	1h	6.8210	−0.042%	$1.5M	$129K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8306	+0.098%	$477K	$40K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8213	−0.038%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8201	−0.056%	$2K	$2K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8197	−0.062%	$903	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8231	−0.012%	$57K	$55K	15x	as long as short
Extended XCU-USD	+0.0056%	1h	6.8214	−0.036%	$266K	$2.7M	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8229	−0.014%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8190	−0.072%	$290K	$32K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8260	+0.031%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8201	−0.055%	$312	—	10x	as long as short
Phoenix COPPER	+0.0164%	1h	6.8217	−0.032%	$45K	$23K	20x	as long as short
Kraken Futures PF_XCUUSDshort	+0.0291%	1h	6.8167	−0.105%	$34K	$176K	20x