Funding you earn now, next payment 02:00 UTC+0.1014%/8h= +111.0% APRpaid last 24h +0.084%
Price spread now: MEXC against Kraken Futures−0.039%7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs+$310as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$580.578% of the position
Funding, last 7 days+3.678%+$368 on $10k
+Price spread, last 3 days (all we have)+0.035%+$4 · spread now −0.039%, 7d avg +0.036%
=Funding pays, the price is against you. MEXC is 0.075% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.039% now, against its 7-day average of +0.036%). If the spread goes back, that is −$7 on $10k: about 6 hours of funding at the current rate (+$30 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XCUUSD | 6.8026 | −0.1014 | get 0.0127% / 1h | 34m 50s | $32K | $176K | 20x |
| Short | MEXC COPPER_USDT | 6.8000 | 0 | get 0.0000% / 4h | 2h 34m | $26.0M | $5.0M | 100x |
Kraken Futures PF_XCUUSD
MEXC COPPER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Kraken Futures. 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
- $212.88
- Price spread: −0.039% → +0.036%
- −$7.47
- Slippage, 4 orders
- −$47.82
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $147.58
- Costs to cover
- 0.578%
- Break-even
- 2.1 days
Slippage from Kraken Futures: live order book, 33 min ago; MEXC: live order book, 4 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 Kraken Futures live order book, 33 min ago | 11.67 bp | 29.1 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 1.47 bp | 2.9 bp −$3 | 3.7 bp −$37 | 12.9 bp −$1,290 | 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_XCUUSDlong | −0.1014% | 1h | 6.8026 | long leg | $32K | $176K | 20x | |
| tradeXYZ xyz:COPPER | −0.0137% | 1h | 6.7964 | −0.091% | $10.4M | $4.8M | 20x | as long as short |
| BloFin COPPER-USDT | −0.0051% | 4h | 6.8050 | +0.035% | $88K | $144K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8010 | −0.023% | $32K | $35K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8001 | −0.037% | $9.1M | $32.2M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7975 | −0.075% | $472K | $939K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7860 | −0.244% | $1.3M | $478K | 100x | as long as short |
| MEXC COPPER_USDTshort | 0.0000% | 4h | 6.8000 | −0.039% | $26.0M | $5.0M | 100x | |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8000 | −0.039% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.7954 | −0.105% | $741K | $1.4M | — | as long as short |
tradeXYZ xyz:COPPER
BloFin COPPER-USDT
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_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 | 6.8012 | −0.020% | $95K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8010 | −0.024% | — | $6.8M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.7980 | −0.068% | $61K | $26K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7920 | −0.156% | $4.2M | $74K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8004 | −0.032% | $176K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0006% | 1h | 6.8010 | −0.024% | $1.5M | $129K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0016% | 4h | 6.7986 | −0.059% | $94K | $317K | 20x | as long as short |
| Phoenix COPPER | +0.0035% | 1h | 6.7970 | −0.083% | $45K | $30K | 20x | as long as short |
| Lighter XCU | +0.0040% | 1h | 6.8106 | +0.117% | $477K | $39K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7981 | −0.066% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8003 | −0.035% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7996 | −0.044% | $900 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7902 | −0.183% | $56K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7984 | −0.062% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8020 | −0.009% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8070 | +0.064% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7999 | −0.040% | $311 | — | 10x | as long as short |
| Extended XCU-USD | +0.0416% | 1h | 6.7988 | −0.056% | $229K | $2.9M | 20x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
edgeX COPPERUSDC
Phoenix COPPER
Lighter XCU
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Extended XCU-USD