Funding you earn now, next payment 03:00 UTC−0.0195%/8h= −21.4% APRpaid last 24h +0.108%
Price spread now: Bitget against Kraken Futures+0.038%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs+$303as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$700.696% of the position
Funding, last 7 days+3.730%+$373 on $10k
+Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.038%, 7d avg +0.051%
=The price spread sits at its 7-day average of +0.051%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +3.730%, 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 | 6.8224 | 0.0195 | pay 0.0024% / 1h | 27m 53s | $32K | $176K | 20x |
| Short | Bitget COPPERUSDT | 6.8250 | 0 | get 0.0000% / 4h | 1h 27m | $1.7M | $987K | 100x |
Kraken Futures PF_XCUUSD
Bitget COPPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$40.98
- Price spread: +0.038% → +0.051%
- −$1.23
- Slippage, 4 orders
- −$47.58
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$111.79
- Costs to cover
- 0.696%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 34 min ago; Bitget: live order book, 4 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 Kraken Futures live order book, 34 min ago | 5.13 bp | 19.2 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 0.73 bp | 12.1 bp −$12 | 30.2 bp −$302 | 101.3 bp −$10.1K | 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 | −0.0050% | 4h | 6.8200 | −0.035% | $88K | $143K | 100x | as long as short |
| QFEX COPPER-USD | 0.0000% | 1h | 6.8190 | −0.050% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8224 | +0.001% | $32K | $21K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8239 | +0.023% | $9.1M | $32.4M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8177 | −0.069% | $470K | $945K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8040 | −0.270% | $1.3M | $491K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8230 | +0.009% | $26.1M | $4.2M | 100x | as long as short |
| Bitget COPPERUSDTshort | 0.0000% | 4h | 6.8250 | +0.038% | $1.7M | $987K | 100x | |
| Variational Omni COPPER | 0.0000% | 4h | 6.8181 | −0.063% | $742K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8191 | −0.048% | $87K | $2.0M | 25x | as long as short |
BloFin COPPER-USDT
QFEX COPPER-USD
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
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 | 6.8230 | +0.009% | — | $6.7M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8230 | +0.009% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8070 | −0.226% | $4.2M | $75K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8205 | −0.028% | $178K | — | 250x | as long as short |
| Phoenix COPPER | +0.0012% | 1h | 6.8180 | −0.064% | $45K | $23K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0012% | 4h | 6.8169 | −0.080% | $94K | $319K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8184 | −0.059% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8207 | −0.025% | $2K | $2K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8212 | −0.017% | $10.5M | $4.8M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8200 | −0.035% | $903 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8138 | −0.126% | $57K | $55K | 15x | as long as short |
| Lighter XCU | +0.0072% | 1h | 6.8338 | +0.167% | $478K | $39K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8199 | −0.036% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8180 | −0.064% | $258K | $21K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8290 | +0.097% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8219 | −0.008% | $312 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSDlong | +0.0195% | 1h | 6.8224 | long leg | $32K | $176K | 20x | |
| Extended XCU-USD | +0.0680% | 1h | 6.8201 | −0.034% | $223K | $2.8M | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
Phoenix COPPER
edgeX COPPERUSDC
Vest HG-PERP
Paradex XCU-USD-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Extended XCU-USD