Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%
Price spread now: Lighter against Extended+0.177%7-day average +0.128% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$300.300% of the position
Funding, last 7 days−0.316%−$32 on $10k
+Price spread, last 4 days (all we have)−0.130%−$13 · spread now +0.177%, 7d avg +0.128%
=Together, before fees−0.446%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board−$45 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.049% dearer against Extended than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.128%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XCU-USD | 6.8439 | 0.0032 | pay 0.0004% / 1h | 10m 01s | $268K | $1.7M | 20x |
| Short | Lighter XCU | 6.8560 | 0.0032 | get 0.0004% / 1h | 10m 01s | $479K | $27K | 20x |
Extended XCU-USD
Lighter XCUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- $0
- Price spread: +0.177% → +0.128%
- $4.89
- Slippage, 4 orders
- −$24.98
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$25.09
- Costs to cover
- 0.300%
- Break-even
- never at this rate
Slippage from Extended: live order book, 1 min ago; Lighter: live order book, 23 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 Extended live order book, 1 min ago | 1.02 bp | 5.9 bp −$6 | 62.2 bp −$622 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 23 min ago | 2.40 bp | 11.6 bp −$12 | 15.0 bp −$150 | doesn't fit | doesn't fit |
COPPER on 28 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XCUUSDT | 0.0000% | 4h | 6.8476 | +0.054% | $28K | $41K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8471 | +0.048% | $9.2M | $32.9M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8389 | −0.072% | $534K | $824K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8270 | −0.246% | $1.3M | $174K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8460 | +0.031% | $25.6M | $5.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8450 | +0.017% | $3.9M | $2.2M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8456 | +0.026% | $780K | $560K | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8530 | +0.134% | $91K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8480 | +0.060% | — | $4.4M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8530 | +0.134% | $61K | $70K | 75x | as long as short |
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-USDT
HTX COPPER-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8390 | −0.071% | $4.2M | $84K | 100x | as long as short |
| QFEX COPPER-USD | +0.0001% | 1h | 6.8470 | +0.046% | $1.5M | $151K | 20x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8433 | −0.008% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0011% | 4h | 6.8487 | +0.071% | $95K | $319K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0023% | 4h | 6.8480 | +0.060% | $90K | $158K | 100x | as long as short |
| Lighter XCUshort | +0.0032% | 1h | 6.8560 | +0.177% | $479K | $27K | 20x | |
| Extended XCU-USDlong | +0.0032% | 1h | 6.8439 | long leg | $268K | $1.7M | 20x | |
| Vest HG-PERP | +0.0046% | 1h | 6.8443 | +0.006% | — | $36K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8449 | +0.015% | $10.9M | $3.9M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8438 | −0.001% | $906 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8453 | +0.021% | $2K | $825 | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8403 | −0.052% | $59K | $54K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8450 | +0.017% | $24K | $11K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8460 | +0.031% | $251K | $43K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8530 | +0.134% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8451 | +0.018% | $313 | — | 10x | as long as short |
| Phoenix COPPER | +0.0140% | 1h | 6.8487 | +0.071% | $44K | $11K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0181% | 1h | 6.8456 | +0.025% | $34K | $180K | 20x | as long as short |
Phemex COPPERUSDT
QFEX COPPER-USD
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
BloFin COPPER-USDT
Vest HG-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD