Funding you earn now, next payment 05:00 UTC+0.0419%/8h= +45.9% APRpaid last 24h +0.048%
Price spread now: BloFin against Kraken Futures+0.043%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs+$305as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$650.652% of the position
Funding, last 7 days+3.703%+$370 on $10k
+Price spread, last 4 days (all we have)−0.112%−$11 · spread now +0.043%, 7d avg +0.045%
=The price spread sits at its 7-day average of +0.045%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XCUUSD | 6.8191 | −0.0404 | get 0.0051% / 1h | 40m 48s | $34K | $176K | 20x |
| Short | BloFin COPPER-USDT | 6.8220 | 0.0015 | get 0.0008% / 4h | 3h 40m | $88K | $135K | 100x |
Kraken Futures PF_XCUUSD
BloFin COPPER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $88.07
- Price spread: +0.043% → +0.045%
- −$0.17
- Slippage, 4 orders
- −$43.17
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $22.72
- Costs to cover
- 0.652%
- Break-even
- 5.2 days
Slippage from Kraken Futures: live order book, 12 min ago; BloFin: 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 Kraken Futures live order book, 12 min ago | 9.16 bp | 25.1 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 48 min ago | 1.47 bp | 7.5 bp −$7 | 8.3 bp −$83 | 31.2 bp −$3,117 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCUUSDlong | −0.0404% | 1h | 6.8191 | long leg | $34K | $176K | 20x | |
| tradeXYZ xyz:COPPER | −0.0067% | 1h | 6.8210 | +0.029% | $10.5M | $4.9M | 20x | as long as short |
| QFEX COPPER-USD | −0.0003% | 1h | 6.8230 | +0.058% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8240 | +0.072% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8226 | +0.052% | $9.1M | $33.0M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8239 | +0.071% | $481K | $961K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8060 | −0.191% | $1.3M | $498K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8220 | +0.043% | $25.4M | $4.3M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8240 | +0.073% | $2.5M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8213 | +0.033% | $742K | $1.4M | — | as long as short |
tradeXYZ xyz:COPPER
QFEX COPPER-USD
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPERShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8269 | +0.115% | $97K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8220 | +0.043% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8300 | +0.161% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8140 | −0.074% | $4.2M | $78K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8228 | +0.055% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0012% | 4h | 6.8243 | +0.078% | $95K | $317K | 20x | as long as short |
| BloFin COPPER-USDTshort | +0.0015% | 4h | 6.8220 | +0.043% | $88K | $135K | 100x | |
| Lighter XCU | +0.0032% | 1h | 6.8329 | +0.203% | $477K | $40K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8238 | +0.070% | $263K | $2.6M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8230 | +0.058% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8257 | +0.097% | $45K | $23K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8217 | +0.039% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8211 | +0.030% | $903 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8187 | −0.005% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8235 | +0.066% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8250 | +0.087% | $291K | $32K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8300 | +0.161% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8224 | +0.049% | $312 | — | 10x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
Lighter XCU
Extended XCU-USD
Vest HG-PERP
Phoenix COPPER
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP