Funding you earn now, next payment 05:00 UTC−0.0406%/8h= −44.4% APRnext payment −$0.51 per $10,000 · paid last 24h −0.082%
Price spread now: Kraken Futures against gTrade (Gains Network)−0.055%7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$493as in the Price arb table
costs, in and out, $10k−$4944.936% of the position
Funding, last 1 day (all we have)−0.187%−$19 on $10k
+Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.055%, 7d avg −0.064%
=The price spread sits at its 7-day average of −0.064%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) HG/USD | 6.8231 | L +0.0002% / S −0.0001% | pay 0.0000% / 1h | 39m 59s | $178K | — | 250x |
| Short | Kraken Futures PF_XCUUSD | 6.8194 | −0.0404 | pay 0.0050% / 1h | 39m 59s | $34K | $176K | 20x |
gTrade (Gains Network) HG/USD
Kraken Futures PF_XCUUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against gTrade (Gains Network). 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
- −$85.24
- Price spread: −0.055% → −0.064%
- $0.95
- Slippage, 4 orders
- −$473.6
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$577.88
- Costs to cover
- 4.936%
- Break-even
- never at this rate
Slippage from gTrade (Gains Network): virtual book (oracle venue), 44 min ago; Kraken Futures: live order book, 12 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 gTrade (Gains Network) virtual book (oracle venue), 44 min ago | 130.00 bp | 229.7 bp −$230 | 1613.4 bp −$16.1K | 13153.3 bp −$1.32M | doesn't fit |
| Sell Kraken Futures live order book, 12 min ago | 9.16 bp | 25.2 bp −$25 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCUUSDshort | −0.0404% | 1h | 6.8194 | −0.055% | $34K | $176K | 20x | |
| tradeXYZ xyz:COPPER | −0.0062% | 1h | 6.8209 | −0.033% | $10.5M | $4.9M | 20x | as long as short |
| QFEX COPPER-USD | −0.0003% | 1h | 6.8230 | −0.002% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8243 | +0.017% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8230 | −0.002% | $9.1M | $33.0M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8239 | +0.011% | $481K | $961K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8060 | −0.251% | $1.3M | $498K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8230 | −0.002% | $25.4M | $4.3M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8230 | −0.002% | $2.5M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8213 | −0.027% | $742K | $1.4M | — | as long as short |
tradeXYZ xyz:COPPER
QFEX COPPER-USD
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPERShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8269 | +0.055% | $97K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8230 | −0.002% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8240 | +0.013% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8150 | −0.119% | $4.2M | $78K | 100x | as long as short |
| gTrade (Gains Network) HG/USDlong | L +0.0002% / S −0.0001% | 1h | 6.8231 | long leg | $178K | — | 250x | |
| edgeX COPPERUSDC | +0.0012% | 4h | 6.8243 | +0.018% | $95K | $317K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0015% | 4h | 6.8220 | −0.016% | $88K | $135K | 100x | as long as short |
| Lighter XCU | +0.0032% | 1h | 6.8333 | +0.149% | $477K | $40K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8235 | +0.006% | $265K | $2.7M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8229 | −0.003% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8257 | +0.038% | $45K | $23K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8219 | −0.017% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8205 | −0.038% | $903 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8187 | −0.065% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8231 | −0.001% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8250 | +0.028% | $291K | $32K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8310 | +0.115% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8220 | −0.016% | $312 | — | 10x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
edgeX COPPERUSDC
BloFin COPPER-USDT
Lighter XCU
Extended XCU-USD
Vest HG-PERP
Phoenix COPPER
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP