Funding you earn now, next payment 08:00 UTC+0.0312%/8h= +34.1% APRnext payment +$0.39 per $10,000 · paid last 24h −0.066%
Price spread now: Kraken Futures against Vest+0.051%47s7-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
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Kraken Futures is 0.051% dearer against Vest than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest HG-PERP | 6.8247 | 0.0046 | pay 0.0006% / 1h | 33m 35s | — | $82K | 25x |
| Short | Kraken Futures PF_XCUUSD | 6.8282 | 0.0357 | get 0.0045% / 1h | 33m 35s | $34K | $177K | 20x |
Vest HG-PERP
Kraken Futures PF_XCUUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Vest. 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
- $65.48
- Price spread: +0.051% → 0.000%
- $5.14
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $58.62
- Costs to cover
- 0.120%
- Break-even
- 0.7 days
Slippage unknown: Vest: no order-book sample; Kraken Futures: live order book, 4 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 Vest no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 4 min ago | 5.57 bp | 22.6 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
Vest: 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 | −0.0034% | 4h | 6.8300 | +0.078% | $88K | $142K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8256 | +0.013% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8289 | +0.062% | $9.1M | $33.7M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8264 | +0.025% | $495K | $1.0M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8150 | −0.142% | $1.3M | $528K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8290 | +0.063% | $26.6M | $5.2M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8280 | +0.048% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8302 | +0.080% | $766K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8320 | +0.107% | $94K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8320 | +0.107% | — | $6.2M | 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 | 6.8340 | +0.136% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8150 | −0.142% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8272 | +0.037% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0012% | 4h | 6.8322 | +0.110% | $95K | $318K | 20x | as long as short |
| QFEX COPPER-USD | +0.0017% | 1h | 6.8280 | +0.048% | $1.5M | $128K | 20x | as long as short |
| Vest HG-PERPlong | +0.0046% | 1h | 6.8247 | long leg | — | $82K | 25x | |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8258 | +0.016% | $10.6M | $5.0M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8282 | +0.051% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8262 | +0.022% | $2K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8282 | +0.051% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8255 | +0.012% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8270 | +0.034% | $278K | $37K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8380 | +0.195% | $3K | — | 10x | as long as short |
| Extended XCU-USD | +0.0104% | 1h | 6.8248 | +0.001% | $271K | $2.0M | 20x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8306 | +0.086% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0106% | 1h | 6.8335 | +0.129% | $45K | $22K | 20x | as long as short |
| Lighter XCU | +0.0184% | 1h | 6.8403 | +0.229% | $479K | $26K | 20x | as long as short |
| Kraken Futures PF_XCUUSDshort | +0.0357% | 1h | 6.8282 | +0.051% | $34K | $177K | 20x |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Extended XCU-USD
Aevo COPPER-PERP
Phoenix COPPER
Lighter XCU