COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0480%/8h= −52.5% APRpaid last 24h −0.071%

Price spread now: Kraken Futures against SunX−0.048%7-day average −0.035% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

What this pair did over the last

the charts below follow

Funding, last 7 days−3.955%−$396 on $10k

Price spread, last 4 days (all we have)+0.075%+$7 · spread now −0.048%, 7d avg −0.035%

Together, before fees−3.880%−$388 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.035%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX COPPER-USDT	6.8360	0	get 0.0000% / 4h	2h 44m	—	$6.6M	20x
Short	Kraken Futures PF_XCUUSD	6.8327	−0.0480	pay 0.0060% / 1h	44m 13s	$35K	$176K	20x

Funding history

latest

Range statsloading…

Kraken Futures against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee SunXbpFee Kraken FuturesbpOrdersPrice spread, now −0.048%Rate

Slippage unknown: SunX: live order book, 5 min ago; Kraken Futures: live order book, 3 min ago. Net counts fees only.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 5 min ago	46.09 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	5.49 bp	23.9 bp −$24	doesn't fit	doesn't fit	doesn't fit

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_XCUUSDshort	−0.0480%	1h	6.8327	−0.048%	$35K	$176K	20x
tradeXYZ xyz:COPPER	−0.0005%	1h	6.8322	−0.056%	$10.6M	$4.9M	20x	as long as short
QFEX COPPER-USD	−0.0001%	1h	6.8340	−0.029%	$1.5M	$129K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8363	+0.004%	$32K	$27K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8357	−0.004%	$9.2M	$33.1M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8319	−0.060%	$490K	$971K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8140	−0.322%	$1.3M	$524K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8350	−0.015%	$26.8M	$4.6M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8350	−0.015%	$2.5M	$1.7M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8353	−0.010%	$741K	$1.4M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8378	+0.026%	$91K	$2.2M	25x	as long as short
SunX COPPER-USDTlong	0.0000%	4h	6.8360	long leg	—	$6.6M	20x
HTX COPPER-USDT	0.0000%	4h	6.8390	+0.044%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8180	−0.263%	$4.2M	$79K	100x	as long as short
edgeX COPPERUSDC	+0.0002%	4h	6.8344	−0.024%	$95K	$319K	20x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8338	−0.032%	$178K	—	250x	as long as short
BloFin COPPER-USDT	+0.0018%	4h	6.8360	0.000%	$88K	$138K	100x	as long as short
Phoenix COPPER	+0.0023%	1h	6.8311	−0.072%	$45K	$23K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8454	+0.138%	$478K	$40K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8343	−0.025%	$276K	$2.5M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8344	−0.023%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8341	−0.027%	$2K	$2K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8321	−0.057%	$905	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8287	−0.107%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8358	−0.002%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8360	0.000%	$279K	$35K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8410	+0.073%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8347	−0.020%	$312	—	10x	as long as short