Funding you earn now, next payment 09:00 UTC+0.0086%/8h= +9.4% APRnext payment +$0.11 per $10,000 · paid last 24h +0.024%
Price spread now: Lighter against gTrade (Gains Network)+0.135%7-day average +0.121% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$467as in the Price arb table
costs, in and out, $10k−$4684.683% of the position
Funding, last 1 day (all we have)+0.028%+$3 on $10k
+Price spread, last 4 days (all we have)−0.170%−$17 · spread now +0.135%, 7d avg +0.121%
=Together, before fees−0.142%+ Points / potential airdropLighter: Season 3 · farm board−$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.121%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) HG/USD | 6.7999 | L +0.0002% / S −0.0001% | pay 0.0000% / 1h | 30m 37s | $177K | — | 250x |
| Short | Lighter XCU | 6.8091 | 0.0088 | get 0.0011% / 1h | 30m 37s | $476K | $27K | 20x |
gTrade (Gains Network) HG/USD
Lighter XCUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against gTrade (Gains Network). 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
- $18.08
- Price spread: +0.135% → +0.121%
- $1.43
- Slippage, 4 orders
- −$458.26
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$448.74
- Costs to cover
- 4.683%
- Break-even
- 180.7 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 33 min ago; Lighter: live order book, 59 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 gTrade (Gains Network) virtual book (oracle venue), 33 min ago | 130.01 bp | 229.7 bp −$230 | 1613.3 bp −$16.1K | 13153.2 bp −$1.32M | doesn't fit |
| Sell Lighter live order book, 59 min ago | 6.44 bp | 10.0 bp −$10 | 15.7 bp −$157 | 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-USDT | −0.0031% | 4h | 6.8050 | +0.075% | $89K | $149K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8017 | +0.026% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8013 | +0.021% | $9.0M | $33.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7942 | −0.084% | $494K | $985K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7910 | −0.131% | $1.3M | $509K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8020 | +0.031% | $26.4M | $5.7M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.7990 | −0.013% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8044 | +0.066% | $760K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8070 | +0.104% | $93K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8050 | +0.075% | — | $5.9M | 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 | 6.8110 | +0.163% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8040 | +0.060% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USDlong | L +0.0002% / S −0.0001% | 1h | 6.7999 | long leg | $177K | — | 250x | |
| edgeX COPPERUSDC | +0.0012% | 4h | 6.8064 | +0.095% | $94K | $320K | 20x | as long as short |
| QFEX COPPER-USD | +0.0018% | 1h | 6.8010 | +0.016% | $1.5M | $140K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.7962 | −0.055% | $273K | $1.9M | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0039% | 1h | 6.7974 | −0.037% | $10.7M | $4.3M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8004 | +0.007% | — | $82K | 25x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8012 | +0.019% | $901 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7978 | −0.031% | $1K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8006 | +0.010% | $57K | $53K | 15x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0076% | 1h | 6.8027 | +0.041% | $34K | $178K | 20x | as long as short |
| Lighter XCUshort | +0.0088% | 1h | 6.8091 | +0.135% | $476K | $27K | 20x | |
| Pacifica COPPER | +0.0100% | 1h | 6.8008 | +0.013% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8010 | +0.016% | $265K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8120 | +0.178% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8044 | +0.066% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0129% | 1h | 6.8070 | +0.104% | $45K | $22K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
edgeX COPPERUSDC
QFEX COPPER-USD
Extended XCU-USD
tradeXYZ xyz:COPPER
Vest HG-PERP
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER