Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0358%/8h= −39.2% APRpaid last 24h +0.022%

Price spread now: Aster against Kraken Futures+0.078%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+3.768%+$377 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

The price spread pays, funding is against you. Aster is 0.078% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.078% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 17 hours. Mind the row above: over the last 7 days funding on this pair paid +3.768%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XCUUSD	6.8252	0.0358	pay 0.0045% / 1h	10m 49s	$34K	$178K	20x
Short	Aster XCUUSDT	6.8305	0	get 0.0000% / 4h	10m 49s	$32K	$28K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now +0.078%Rate

Funding earned: −$75.11
Price spread: +0.078% → 0.000%: $7.82
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$85.29
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 27 min ago; Aster: no order-book sample. 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 Kraken Futures live order book, 27 min ago	5.57 bp	28.9 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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	−0.0032%	4h	6.8320	+0.100%	$89K	$149K	100x	as long as short
Aster XCUUSDTshort	0.0000%	4h	6.8305	+0.078%	$32K	$28K	50x
Binance COPPERUSDT	0.0000%	4h	6.8290	+0.056%	$9.0M	$33.5M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8231	−0.030%	$496K	$975K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8130	−0.178%	$1.3M	$529K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8290	+0.056%	$26.7M	$5.3M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8270	+0.027%	$2.9M	$1.7M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8286	+0.051%	$766K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8320	+0.100%	$94K	$2.4M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8300	+0.071%	—	$6.1M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX COPPER-USDT	0.0000%	4h	6.8330	+0.115%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8170	−0.120%	$4.2M	$83K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8262	+0.015%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0003%	4h	6.8215	−0.053%	$95K	$320K	20x	as long as short
QFEX COPPER-USD	+0.0017%	1h	6.8290	+0.056%	$1.5M	$134K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8266	+0.021%	—	$82K	25x	as long as short
Extended XCU-USD	+0.0048%	1h	6.8260	+0.012%	$274K	$2.0M	20x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8242	−0.014%	$10.6M	$5.0M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8237	−0.022%	$4K	$5K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8280	+0.041%	$2K	$1K	5x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8247	−0.007%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8281	+0.043%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8280	+0.041%	$278K	$36K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8350	+0.144%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8287	+0.051%	$312	—	10x	as long as short
Phoenix COPPER	+0.0106%	1h	6.8275	+0.034%	$45K	$22K	20x	as long as short
Lighter XCU	+0.0168%	1h	6.8394	+0.208%	$479K	$27K	20x	as long as short
Kraken Futures PF_XCUUSDlong	+0.0358%	1h	6.8252	long leg	$34K	$178K	20x