Funding you earn now, next payment 04:00 UTC+0.0191%/8h= +20.9% APRpaid last 24h −0.168%
Price spread now: Kraken Futures against KuCoin−0.064%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$614as in the Funding arb table
Net, price: spread back to 7d avg − costs−$193as in the Price arb table
costs, in and out, $10k−$1941.938% of the position
Funding, last 7 days−4.204%−$420 on $10k
+Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.064%, 7d avg −0.067%
=The price spread sits at its 7-day average of −0.067%, 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 cost −4.204%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin COPPERUSDTM | 6.8210 | 0.0100 | pay 0.0050% / 4h | 33m 51s | $258K | $21K | 50x |
| Short | Kraken Futures PF_XCUUSD | 6.8166 | 0.0291 | get 0.0036% / 1h | 33m 51s | $34K | $176K | 20x |
KuCoin COPPERUSDTM
Kraken Futures PF_XCUUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. 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
- $40.09
- Price spread: −0.064% → −0.067%
- $0.29
- Slippage, 4 orders
- −$171.78
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$153.39
- Costs to cover
- 1.938%
- Break-even
- 33.8 days
Slippage from KuCoin: live order book, 47 min ago; Kraken Futures: live order book, 24 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 KuCoin live order book, 47 min ago | 10.26 bp | 66.8 bp −$67 | 691.6 bp −$6,916 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 24 min ago | 4.32 bp | 22.2 bp −$22 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XCUUSDT | 0.0000% | 4h | 6.8217 | +0.011% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8211 | +0.002% | $9.0M | $32.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8191 | −0.028% | $476K | $957K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8080 | −0.191% | $1.3M | $495K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8200 | −0.015% | $26.0M | $4.2M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8220 | +0.015% | $1.7M | $986K | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8203 | −0.010% | $742K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8252 | +0.062% | $91K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8200 | −0.015% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8230 | +0.029% | $61K | $24K | 75x | as long as short |
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-USDT
HTX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8140 | −0.103% | $4.2M | $76K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8194 | −0.024% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0005% | 4h | 6.8232 | +0.033% | $95K | $318K | 20x | as long as short |
| QFEX COPPER-USD | +0.0009% | 1h | 6.8200 | −0.015% | $1.5M | $129K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0013% | 4h | 6.8240 | +0.044% | $88K | $143K | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8323 | +0.166% | $477K | $40K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8191 | −0.028% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8195 | −0.022% | $2K | $2K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8191 | −0.028% | $10.5M | $4.8M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8186 | −0.035% | $903 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8146 | −0.094% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8211 | +0.002% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTMlong | +0.0100% | 4h | 6.8210 | long leg | $258K | $21K | 50x | |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8260 | +0.073% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8198 | −0.017% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0164% | 1h | 6.8232 | +0.032% | $45K | $23K | 20x | as long as short |
| Kraken Futures PF_XCUUSDshort | +0.0291% | 1h | 6.8166 | −0.064% | $34K | $176K | 20x | |
| Extended XCU-USD | +0.0680% | 1h | 6.8203 | −0.011% | $263K | $2.8M | 20x | as long as short |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
BloFin COPPER-USDT
Lighter XCU
Vest HG-PERP
Paradex XCU-USD-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Extended XCU-USD