COPPER

Alert

Funding spread now, next payment 16:00 UTC−0.0400%/8h

next payment, per $10,000−$0.50paid, last 24h+0.292%paid, last 4 days+3.521%to open and close $10k−$77

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XCUUSD	6.7755	0.0432	pay 0.0054% / 1h	23m 47s	$26K	$194K	20x
Short	Lighter XCU	6.7830	0.0032	get 0.0004% / 1h	23m 47s	$475K	$42K	20x

Funding history

latest

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latest

Position, each leg$Hold fordaysFee Kraken FuturesbpFee LighterbpOrdersRate

Slippage from Kraken Futures: live order book, 25 min ago; Lighter: live order book, 18 min ago.

A gap far from its average can cost days of funding.

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 25 min ago	12.02 bp	31.0 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 18 min ago	2.80 bp	10.2 bp −$10	13.1 bp −$131	doesn't fit	doesn't fit

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX COPPERUSDC	−0.0010%	4h	$93K	$315K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	$32K	$52K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	$9.0M	$33.4M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	$542K	$1.0M	50x	as long as short
Gate XCU_USDT	0.0000%	8h	$1.3M	$517K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	$25.9M	$4.0M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	$1.7M	$1.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	$746K	$1.5M	—	as long as short
SunX COPPER-USDT	0.0000%	4h	—	$7.8M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	$60K	$29K	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex COPPERUSDT	0.0000%	4h	$4.2M	$71K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	$176K	—	250x	as long as short
QFEX COPPER-USD	+0.0016%	1h	$1.5M	$48K	20x	as long as short
BloFin COPPER-USDT	+0.0028%	4h	$90K	$131K	100x	as long as short
Lighter XCUshort	+0.0032%	1h	$475K	$42K	20x
Extended XCU-USD	+0.0032%	1h	$278K	$2.7M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	—	$82K	25x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	$10.4M	$5.6M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	$897	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	$63K	$14K	15x	as long as short
Paradex XCU-USD-PERP	+0.0051%	8h	$1K	$3K	5x	as long as short
Pacifica COPPER	+0.0100%	1h	$25K	$12K	10x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	$310	—	10x	as long as short
Phoenix COPPER	+0.0130%	1h	$43K	$28K	20x	as long as short
Kraken Futures PF_XCUUSDlong	+0.0432%	1h	$26K	$194K	20x
KuCoin COPPERUSDTM	+0.0552%	4h	$258K	$8K	50x	as long as short