Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.022%
Price spread now: Lighter against Gate+0.435%7-day average +0.252% · you sell dearer than you buy
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$1081.081% of the position
Funding, last 7 days−0.237%−$24 on $10k
+Price spread, last 4 days (all we have)−0.217%−$22 · spread now +0.435%, 7d avg +0.252%
=Together, before fees−0.454%+ Points / potential airdropLighter: Season 3 · farm board−$45 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.183% dearer against Gate than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.252%. Mind the row above: over the last 7 days funding on this pair cost −0.237%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XCU_USDT | 6.8030 | 0 | get 0.0000% / 8h | 3h 57m | $1.3M | $495K | 100x |
| Short | Lighter XCU | 6.8326 | 0.0032 | get 0.0004% / 1h | 57m 59s | $477K | $40K | 20x |
Gate XCU_USDT
Lighter XCUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Gate. 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
- $6.72
- Price spread: +0.435% → +0.252%
- $18.32
- Slippage, 4 orders
- −$93.05
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$83.01
- Costs to cover
- 1.081%
- Break-even
- 93.5 days
Slippage from Gate: live order book, 4 min ago; Lighter: live order book, 52 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 Gate live order book, 4 min ago | 1.47 bp | 39.9 bp −$40 | 104.3 bp −$1,043 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 52 min ago | 2.48 bp | 14.3 bp −$14 | 18.6 bp −$186 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCUUSD | −0.0404% | 1h | 6.8190 | +0.235% | $34K | $176K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0149% | 1h | 6.8200 | +0.250% | $10.5M | $4.8M | 20x | as long as short |
| QFEX COPPER-USD | −0.0003% | 1h | 6.8240 | +0.309% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8258 | +0.335% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8230 | +0.294% | $9.0M | $32.9M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8231 | +0.295% | $480K | $959K | 50x | as long as short |
| Gate XCU_USDTlong | 0.0000% | 8h | 6.8030 | long leg | $1.3M | $495K | 100x | |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8230 | +0.294% | $26.0M | $4.2M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8220 | +0.279% | $2.5M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8213 | +0.269% | $743K | $1.4M | — | as long as short |
Kraken Futures PF_XCUUSD
tradeXYZ xyz:COPPER
QFEX COPPER-USD
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPERShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8200 | +0.250% | $89K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8220 | +0.279% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8250 | +0.323% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8180 | +0.220% | $4.2M | $77K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8236 | +0.303% | $178K | — | 250x | as long as short |
| BloFin COPPER-USDT | +0.0011% | 4h | 6.8220 | +0.279% | $88K | $143K | 100x | as long as short |
| edgeX COPPERUSDC | +0.0019% | 4h | 6.8205 | +0.257% | $95K | $320K | 20x | as long as short |
| Lighter XCUshort | +0.0032% | 1h | 6.8326 | +0.435% | $477K | $40K | 20x | |
| Extended XCU-USD | +0.0032% | 1h | 6.8237 | +0.305% | $266K | $2.7M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8245 | +0.316% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8233 | +0.299% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8208 | +0.262% | $903 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8183 | +0.225% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8265 | +0.346% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8180 | +0.220% | $290K | $32K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8280 | +0.367% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8226 | +0.288% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0164% | 1h | 6.8237 | +0.304% | $45K | $22K | 20x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
BloFin COPPER-USDT
edgeX COPPERUSDC
Extended XCU-USD
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER