Funding you earn now, next payment 11:00 UTC+0.0317%/8h= +34.7% APRpaid last 24h +0.008%
Price spread now: Kraken Futures against BloFin−0.058%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$428as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$570.566% of the position
Funding, last 7 days−3.718%−$372 on $10k
+Price spread, last 4 days (all we have)+0.100%+$10 · spread now −0.058%, 7d avg −0.043%
=The price spread sits at its 7-day average of −0.043%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −3.718%, 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 | BloFin COPPER-USDT | 6.8470 | 0.0020 | pay 0.0010% / 4h | 1h 26m | $90K | $160K | 100x |
| Short | Kraken Futures PF_XCUUSD | 6.8430 | 0.0337 | get 0.0042% / 1h | 26m 45s | $34K | $180K | 20x |
BloFin COPPER-USDT
Kraken Futures PF_XCUUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- $66.57
- Price spread: −0.058% → −0.043%
- −$1.47
- Slippage, 4 orders
- −$34.57
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $8.52
- Costs to cover
- 0.566%
- Break-even
- 6.1 days
Slippage from BloFin: live order book, 10 min ago; Kraken Futures: live order book, 19 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 BloFin live order book, 10 min ago | 1.46 bp | 7.5 bp −$7 | 10.3 bp −$103 | 30.9 bp −$3,092 | 110.8 bp −$55.4K |
| Sell Kraken Futures live order book, 19 min ago | 5.19 bp | 28.0 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XCUUSDT | 0.0000% | 4h | 6.8479 | +0.013% | $35K | $31K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8472 | +0.003% | $9.0M | $32.0M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8380 | −0.131% | $516K | $807K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8320 | −0.219% | $1.3M | $181K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8460 | −0.015% | $26.2M | $5.7M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8430 | −0.058% | $3.9M | $2.1M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8429 | −0.060% | $775K | $538K | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8450 | −0.029% | $87K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8480 | +0.015% | — | $4.7M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8500 | +0.044% | $61K | $71K | 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 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8400 | −0.102% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8454 | −0.023% | $178K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0011% | 1h | 6.8460 | −0.015% | $1.5M | $150K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0013% | 4h | 6.8456 | −0.020% | $95K | $318K | 20x | as long as short |
| BloFin COPPER-USDTlong | +0.0020% | 4h | 6.8470 | long leg | $90K | $160K | 100x | |
| Lighter XCU | +0.0032% | 1h | 6.8535 | +0.095% | $480K | $25K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8456 | −0.021% | $267K | $1.7M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8447 | −0.034% | — | $36K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8435 | −0.051% | $10.8M | $3.8M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8423 | −0.069% | $906 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8454 | −0.023% | $2K | $825 | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8413 | −0.083% | $59K | $54K | 15x | as long as short |
| Phoenix COPPER | +0.0093% | 1h | 6.8455 | −0.022% | $44K | $18K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8467 | −0.004% | $24K | $13K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8470 | 0.000% | $267K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8520 | +0.073% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8446 | −0.036% | $313 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSDshort | +0.0337% | 1h | 6.8430 | −0.058% | $34K | $180K | 20x |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
edgeX COPPERUSDC
Lighter XCU
Extended XCU-USD
Vest HG-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Phoenix COPPER
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP