Funding you earn now, next payment 10:00 UTC+0.0172%/8h= +18.9% APRpaid last 24h +0.037%
Price spread now: Lighter against BloFin+0.165%90s7-day average +0.174% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$340.342% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 4 days (all we have)−0.133%−$13 · spread now +0.165%, 7d avg +0.174%
=Together, before fees−0.123%+ Points / potential airdropLighter: Season 3 · farm board−$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.174%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. The two prices were read 90 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 | BloFin COPPER-USDT | 6.8350 | −0.0028 | get 0.0014% / 4h | 2h 59m | $88K | $152K | 100x |
| Short | Lighter XCU | 6.8463 | 0.0144 | get 0.0018% / 1h | 59m 35s | $479K | $23K | 20x |
BloFin COPPER-USDT
Lighter XCUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BloFin. 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
- $36.18
- Price spread: +0.165% → +0.174%
- −$0.91
- Slippage, 4 orders
- −$22.15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $1.11
- Costs to cover
- 0.342%
- Break-even
- 6.8 days
Slippage from BloFin: live order book, 57 min ago; Lighter: live order book, 25 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 BloFin live order book, 57 min ago | 0.73 bp | 8.0 bp −$8 | 11.7 bp −$117 | 35.0 bp −$3,500 | doesn't fit |
| Sell Lighter live order book, 25 min ago | 2.06 bp | 4.7 bp −$5 | 10.1 bp −$101 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COPPER-USDTlong | −0.0028% | 4h | 6.8350 | long leg | $88K | $152K | 100x | |
| tradeXYZ xyz:COPPER | −0.0012% | 1h | 6.8336 | −0.020% | $10.8M | $4.1M | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8398 | +0.070% | $33K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8380 | +0.044% | $9.0M | $33.4M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8282 | −0.099% | $499K | $983K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8180 | −0.249% | $1.3M | $183K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8350 | 0.000% | $26.0M | $5.5M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8350 | 0.000% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8322 | −0.040% | $765K | $1.3M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8364 | +0.021% | $91K | $2.4M | 25x | as long as short |
tradeXYZ xyz:COPPER
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 | 6.8360 | +0.015% | — | $5.5M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8390 | +0.059% | $61K | $54K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8230 | −0.176% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8323 | −0.040% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0008% | 4h | 6.8367 | +0.025% | $95K | $321K | 20x | as long as short |
| QFEX COPPER-USD | +0.0018% | 1h | 6.8380 | +0.044% | $1.5M | $144K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8341 | −0.014% | $273K | $1.7M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8343 | −0.010% | — | $36K | 25x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8314 | −0.053% | $905 | $6K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8392 | +0.061% | $57K | $53K | 15x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8335 | −0.022% | $2K | $1K | 5x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0076% | 1h | 6.8355 | +0.008% | $34K | $178K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8330 | −0.029% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8350 | 0.000% | $266K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8400 | +0.073% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8349 | −0.002% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0129% | 1h | 6.8336 | −0.020% | $45K | $17K | 20x | as long as short |
| Lighter XCUshort | +0.0144% | 1h | 6.8463 | +0.165% | $479K | $23K | 20x |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
Extended XCU-USD
Vest HG-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Paradex XCU-USD-PERP
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER