Funding you earn now, next payment 09:00 UTC+0.0026%/8h= +2.9% APRnext payment +$0.03 per $10,000 · paid last 24h −0.050%
Price spread now: Kraken Futures against SoDEX+0.022%7-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
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kraken Futures is 0.022% dearer against SoDEX than usual: you sell high and buy low: +$2 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 | SoDEX COPPER-USD | 6.8134 | 0.0050 | pay 0.0006% / 1h | 20m 41s | $902 | $6K | 20x |
| Short | Kraken Futures PF_XCUUSD | 6.8149 | 0.0076 | get 0.0010% / 1h | 20m 41s | $34K | $178K | 20x |
SoDEX COPPER-USD
Kraken Futures PF_XCUUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against SoDEX. 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
- $5.5
- Price spread: +0.022% → 0.000%
- $2.16
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$10.34
- Costs to cover
- 0.180%
- Break-even
- 20.2 days
Slippage unknown: SoDEX: no order-book sample; Kraken Futures: live order book, 12 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 12 min ago | 6.98 bp | 28.4 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
SoDEX: 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COPPER-USDT | −0.0015% | 4h | 6.8180 | +0.068% | $89K | $149K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8193 | +0.086% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8180 | +0.068% | $9.1M | $33.4M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8128 | −0.009% | $496K | $981K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8030 | −0.153% | $1.3M | $510K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8170 | +0.053% | $26.4M | $5.7M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8170 | +0.053% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8185 | +0.075% | $763K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8130 | −0.006% | $91K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8170 | +0.053% | — | $5.7M | 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 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8170 | +0.053% | $61K | $25K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8170 | +0.053% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8121 | −0.020% | $178K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0018% | 1h | 6.8140 | +0.009% | $1.5M | $142K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0019% | 4h | 6.8100 | −0.050% | $94K | $319K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8144 | +0.015% | $273K | $1.8M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8120 | −0.021% | — | $82K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8135 | +0.001% | $10.8M | $4.1M | 20x | as long as short |
| SoDEX COPPER-USDlong | +0.0050% | 1h | 6.8134 | long leg | $902 | $6K | 20x | |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8133 | −0.001% | $57K | $53K | 15x | as long as short |
| Paradex XCU-USD-PERP | +0.0051% | 8h | 6.8154 | +0.030% | $1K | $1K | 5x | as long as short |
| Kraken Futures PF_XCUUSDshort | +0.0076% | 1h | 6.8149 | +0.022% | $34K | $178K | 20x | |
| Pacifica COPPER | +0.0100% | 1h | 6.8148 | +0.021% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8180 | +0.068% | $266K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8230 | +0.141% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8153 | +0.028% | $312 | — | 10x | as long as short |
| Lighter XCU | +0.0128% | 1h | 6.8270 | +0.200% | $478K | $27K | 20x | as long as short |
| Phoenix COPPER | +0.0129% | 1h | 6.8137 | +0.004% | $45K | $22K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
edgeX COPPERUSDC
Extended XCU-USD
Vest HG-PERP
tradeXYZ xyz:COPPER
Ondo Perps COPPER-USD.P
Paradex XCU-USD-PERP
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Lighter XCU
Phoenix COPPER