Funding you earn now, next payment 08:00 UTC+0.0358%/8h= +39.2% APRpaid last 24h −0.053%
Price spread now: Kraken Futures against OKX+0.028%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$467as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$720.722% of the position
Funding, last 7 days−3.943%−$394 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now +0.028%, 7d avg −0.008%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Kraken Futures is 0.036% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.008%. Mind the row above: over the last 7 days funding on this pair cost −3.943%, 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 | OKX XCU-USDT-SWAP | 6.8194 | 0 | get 0.0000% / 8h | 7m 16s | $496K | $973K | 50x |
| Short | Kraken Futures PF_XCUUSD | 6.8213 | 0.0358 | get 0.0045% / 1h | 7m 16s | $34K | $178K | 20x |
OKX XCU-USDT-SWAP
Kraken Futures PF_XCUUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- $75.15
- Price spread: +0.028% → −0.008%
- $3.59
- Slippage, 4 orders
- −$52.25
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $6.49
- Costs to cover
- 0.722%
- Break-even
- 6.4 days
Slippage from OKX: live order book, 19 min ago; Kraken Futures: live order book, 30 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 OKX live order book, 19 min ago | 0.66 bp | 9.8 bp −$10 | 29.2 bp −$292 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 30 min ago | 5.57 bp | 22.6 bp −$23 | 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 | 6.8277 | +0.122% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8260 | +0.097% | $9.0M | $33.5M | 100x | as long as short |
| OKX XCU-USDT-SWAPlong | 0.0000% | 8h | 6.8194 | long leg | $496K | $973K | 50x | |
| Gate XCU_USDT | 0.0000% | 8h | 6.8110 | −0.123% | $1.3M | $529K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8260 | +0.097% | $26.7M | $5.3M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8260 | +0.097% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8286 | +0.136% | $766K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8310 | +0.170% | $94K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8250 | +0.082% | — | $6.0M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8360 | +0.243% | $61K | $24K | 75x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
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 | 6.8150 | −0.065% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8251 | +0.084% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0014% | 4h | 6.8298 | +0.153% | $95K | $318K | 20x | as long as short |
| QFEX COPPER-USD | +0.0017% | 1h | 6.8270 | +0.111% | $1.5M | $137K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8242 | +0.070% | $274K | $2.0M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8236 | +0.062% | — | $82K | 25x | as long as short |
| BloFin COPPER-USDT | +0.0047% | 4h | 6.8270 | +0.111% | $88K | $144K | 100x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8209 | +0.022% | $10.6M | $5.0M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8210 | +0.023% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8227 | +0.048% | $2K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8333 | +0.204% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8224 | +0.045% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8250 | +0.082% | $278K | $36K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8320 | +0.185% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8257 | +0.093% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0106% | 1h | 6.8258 | +0.094% | $45K | $22K | 20x | as long as short |
| Lighter XCU | +0.0160% | 1h | 6.8351 | +0.230% | $478K | $27K | 20x | as long as short |
| Kraken Futures PF_XCUUSDshort | +0.0358% | 1h | 6.8213 | +0.028% | $34K | $178K | 20x |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
Extended XCU-USD
Vest HG-PERP
BloFin COPPER-USDT
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Lighter XCU