Funding you earn now, next payment 01:00 UTC+0.0548%/8h= +60.0% APRnext payment +$0.68 per $10,000 · paid last 24h +0.186%
Price spread now: Pacifica against Kraken Futures+0.173%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 +$16 a day on $10k at the current rate, and Pacifica is 0.173% dearer against Kraken Futures than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XCUUSD | 6.7960 | −0.0448 | get 0.0056% / 1h | 50m 18s | $28K | $174K | 20x |
| Short | Pacifica COPPER | 6.8077 | 0.0100 | get 0.0013% / 1h | 50m 18s | $23K | $14K | 10x |
Kraken Futures PF_XCUUSD
Pacifica COPPERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- $115.03
- Price spread: +0.173% → 0.000%
- $17.26
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- $114.29
- Costs to cover
- 0.180%
- Break-even
- 0.0 days
Slippage unknown: Kraken Futures: live order book, 22 min ago; Pacifica: no order-book sample. 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 Kraken Futures live order book, 22 min ago | 0.29 bp | 12.2 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Pacifica no order-book sample | — | — | — | — | — |
Pacifica: 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 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 | −0.0448% | 1h | 6.7960 | long leg | $28K | $174K | 20x | |
| edgeX COPPERUSDC | −0.0016% | 4h | 6.8080 | +0.177% | $93K | $318K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8104 | +0.212% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8100 | +0.206% | $9.0M | $34.1M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8076 | +0.171% | $470K | $992K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7960 | 0.000% | $1.3M | $491K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8090 | +0.191% | $26.8M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8110 | +0.221% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8094 | +0.198% | $741K | $1.6M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8100 | +0.206% | $94K | $2.2M | 25x | as long as short |
edgeX COPPERUSDC
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX COPPER-USDT | 0.0000% | 4h | 6.8100 | +0.206% | — | $7.4M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8130 | +0.250% | $60K | $27K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7950 | −0.015% | $4.2M | $78K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8068 | +0.159% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0004% | 1h | 6.8090 | +0.191% | $1.5M | $139K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8062 | +0.150% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8099 | +0.205% | $1K | $3K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8065 | +0.154% | $10.4M | $5.1M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8068 | +0.159% | $901 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8101 | +0.207% | $57K | $55K | 15x | as long as short |
| BloFin COPPER-USDT | +0.0051% | 4h | 6.8080 | +0.176% | $87K | $150K | 100x | as long as short |
| Lighter XCU | +0.0056% | 1h | 6.8203 | +0.357% | $477K | $45K | 20x | as long as short |
| Pacifica COPPERshort | +0.0100% | 1h | 6.8077 | +0.173% | $23K | $14K | 10x | |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8040 | +0.118% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8160 | +0.294% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8085 | +0.184% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0118% | 1h | 6.8087 | +0.187% | $45K | $30K | 20x | as long as short |
| Extended XCU-USD | +0.0368% | 1h | 6.8066 | +0.157% | $228K | $2.9M | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
Vest HG-PERP
Paradex XCU-USD-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
BloFin COPPER-USDT
Lighter XCU
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Extended XCU-USD