Funding you earn now, next payment 07:00 UTC−0.0008%/8h= −0.8% APRpaid last 24h +0.111%
Price spread now: KuCoin against Kraken Futures+0.045%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs+$201as in the Funding arb table
Net, price: spread back to 7d avg − costs−$222as in the Price arb table
costs, in and out, $10k−$2202.201% of the position
Funding, last 7 days+4.210%+$421 on $10k
+Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.045%, 7d avg +0.064%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XCUUSD | 6.8030 | 0.0108 | pay 0.0013% / 1h | 37m 41s | $34K | $176K | 20x |
| Short | KuCoin COPPERUSDTM | 6.8060 | 0.0100 | get 0.0050% / 4h | 1h 37m | $277K | $37K | 50x |
Kraken Futures PF_XCUUSD
KuCoin COPPERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$1.62
- Price spread: +0.045% → +0.064%
- −$1.95
- Slippage, 4 orders
- −$198.08
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$223.65
- Costs to cover
- 2.201%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; KuCoin: 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, 5 min ago | 3.38 bp | 23.8 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 15.41 bp | 99.4 bp −$99 | 653.5 bp −$6,535 | 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 | −0.0004% | 4h | 6.8100 | +0.103% | $88K | $138K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8070 | +0.059% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8070 | +0.059% | $9.1M | $33.7M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8001 | −0.042% | $495K | $970K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7930 | −0.146% | $1.3M | $521K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8060 | +0.045% | $26.3M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8050 | +0.030% | $2.9M | $2.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8133 | +0.152% | $735K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8150 | +0.177% | $90K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8080 | +0.074% | — | $6.4M | 20x | as long as short |
BloFin COPPER-USDT
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8190 | +0.236% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8050 | +0.030% | $4.2M | $82K | 100x | as long as short |
| edgeX COPPERUSDC | +0.0001% | 4h | 6.8115 | +0.126% | $94K | $318K | 20x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8018 | −0.018% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0003% | 1h | 6.8080 | +0.074% | $1.5M | $130K | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0004% | 1h | 6.8001 | −0.042% | $10.6M | $5.0M | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8043 | +0.019% | $275K | $2.3M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8036 | +0.009% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8100 | +0.103% | $45K | $22K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8036 | +0.009% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8005 | −0.036% | $4K | $5K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8086 | +0.083% | $57K | $55K | 15x | as long as short |
| Lighter XCU | +0.0056% | 1h | 6.8149 | +0.175% | $476K | $42K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8032 | +0.003% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTMshort | +0.0100% | 4h | 6.8060 | +0.045% | $277K | $37K | 50x | |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8130 | +0.148% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8053 | +0.035% | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSDlong | +0.0108% | 1h | 6.8030 | long leg | $34K | $176K | 20x |
HTX COPPER-USDT
Phemex COPPERUSDT
edgeX COPPERUSDC
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
tradeXYZ xyz:COPPER
Extended XCU-USD
Vest HG-PERP
Phoenix COPPER
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Lighter XCU
Pacifica COPPER
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP