Funding you earn now, next payment 12:00 UTC+0.0136%/8h= +14.8% APRnext payment +$0.17 per $10,000 · paid last 24h +0.005%
Price spread now: Kraken Futures against Vest+0.032%47s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.032% dearer against Vest than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest HG-PERP | 6.8447 | 0.0046 | pay 0.0006% / 1h | 7m 30s | — | $36K | 25x |
| Short | Kraken Futures PF_XCUUSD | 6.8469 | 0.0181 | get 0.0023% / 1h | 7m 30s | $34K | $180K | 20x |
Vest HG-PERP
Kraken Futures PF_XCUUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Vest. 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
- $28.48
- Price spread: +0.032% → 0.000%
- $3.17
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $19.65
- Costs to cover
- 0.120%
- Break-even
- 2.2 days
Slippage unknown: Vest: no order-book sample; Kraken Futures: live order book, 33 min ago. Net counts fees only.
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 Vest no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 33 min ago | 6.42 bp | 26.7 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
COPPER on 28 exchanges
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 | −0.0018% | 4h | 6.8480 | +0.048% | $90K | $158K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8490 | +0.063% | $28K | $41K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8484 | +0.054% | $9.2M | $32.9M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8389 | −0.085% | $534K | $806K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8280 | −0.244% | $1.3M | $174K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8480 | +0.048% | $25.6M | $5.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8470 | +0.034% | $3.9M | $2.2M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8456 | +0.013% | $780K | $560K | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8498 | +0.075% | $91K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8480 | +0.048% | — | $4.4M | 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 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8500 | +0.077% | $61K | $61K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8390 | −0.083% | $4.2M | $84K | 100x | as long as short |
| QFEX COPPER-USD | +0.0001% | 1h | 6.8470 | +0.034% | $1.5M | $151K | 20x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8441 | −0.009% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0002% | 4h | 6.8461 | +0.021% | $95K | $320K | 20x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8568 | +0.177% | $480K | $27K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8452 | +0.008% | $268K | $1.7M | 20x | as long as short |
| Vest HG-PERPlong | +0.0046% | 1h | 6.8447 | long leg | — | $36K | 25x | |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8458 | +0.016% | $10.9M | $3.6M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8458 | +0.016% | $907 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8457 | +0.015% | $2K | $825 | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8403 | −0.064% | $59K | $54K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8462 | +0.021% | $25K | $13K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8480 | +0.048% | $251K | $43K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8530 | +0.121% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8469 | +0.032% | $313 | — | 10x | as long as short |
| Phoenix COPPER | +0.0140% | 1h | 6.8485 | +0.056% | $44K | $11K | 20x | as long as short |
| Kraken Futures PF_XCUUSDshort | +0.0181% | 1h | 6.8469 | +0.032% | $34K | $180K | 20x |
HTX COPPER-USDT
Phemex COPPERUSDT
QFEX COPPER-USD
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
Lighter XCU
Extended XCU-USD
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