Funding you earn now, next payment 04:00 UTC+0.0280%/8h= +30.7% APRpaid last 24h −0.048%
Price spread now: Kraken Futures against edgeX−0.032%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$442as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$720.723% of the position
Funding, last 7 days−3.701%−$370 on $10k
+Price spread, last 4 days (all we have)+0.117%+$12 · spread now −0.032%, 7d avg −0.026%
=Together, before fees−3.584%+ Points / potential airdropedgeX: Active · farm board−$358 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.026%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −3.701%, 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 | edgeX COPPERUSDC | 6.8184 | 0.0011 | pay 0.0005% / 4h | 9m 17s | $94K | $318K | 20x |
| Short | Kraken Futures PF_XCUUSD | 6.8162 | 0.0291 | get 0.0036% / 1h | 9m 17s | $34K | $176K | 20x |
edgeX COPPERUSDC
Kraken Futures PF_XCUUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against edgeX. 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
- $58.88
- Price spread: −0.032% → −0.026%
- −$0.62
- Slippage, 4 orders
- −$53.28
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$14.02
- Costs to cover
- 0.723%
- Break-even
- 8.7 days
Slippage from edgeX: live order book, 49 min ago; Kraken Futures: live order book, 48 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 edgeX live order book, 49 min ago | 7.31 bp | 12.7 bp −$13 | 24.6 bp −$246 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 48 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 | −0.0025% | 4h | 6.8190 | +0.009% | $88K | $143K | 100x | as long as short |
| tradeXYZ xyz:COPPER | −0.0018% | 1h | 6.8168 | −0.023% | $10.5M | $4.8M | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8238 | +0.080% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8190 | +0.009% | $9.0M | $32.8M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8197 | +0.019% | $480K | $959K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8020 | −0.240% | $1.3M | $495K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8190 | +0.009% | $26.0M | $4.3M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8190 | +0.009% | $2.5M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8182 | −0.002% | $742K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8200 | +0.024% | $95K | $2.1M | 25x | as long as short |
BloFin COPPER-USDT
tradeXYZ xyz:COPPER
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_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 | 6.8190 | +0.009% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8210 | +0.038% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8140 | −0.064% | $4.2M | $77K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8217 | +0.049% | $178K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0009% | 1h | 6.8200 | +0.024% | $1.5M | $129K | 20x | as long as short |
| edgeX COPPERUSDClong | +0.0011% | 4h | 6.8184 | long leg | $94K | $318K | 20x | |
| Lighter XCU | +0.0032% | 1h | 6.8310 | +0.185% | $477K | $40K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8217 | +0.049% | $266K | $2.7M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8217 | +0.049% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8195 | +0.017% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8177 | −0.010% | $903 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8231 | +0.069% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8228 | +0.065% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8180 | −0.006% | $290K | $32K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8250 | +0.097% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8183 | −0.001% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0164% | 1h | 6.8215 | +0.046% | $45K | $23K | 20x | as long as short |
| Kraken Futures PF_XCUUSDshort | +0.0291% | 1h | 6.8162 | −0.032% | $34K | $176K | 20x |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
Lighter XCU
Extended XCU-USD
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