Funding you earn now, next payment 22:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h −0.049%
Price spread now: Bitget against Lighter−0.175%7-day average −0.169% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$420.416% of the position
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.175%, 7d avg −0.169%
=Together, before fees+0.038%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.169%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XCU | 6.7969 | 0.0032 | pay 0.0004% / 1h | 29m 42s | $476K | $46K | 20x |
| Short | Bitget COPPERUSDT | 6.7850 | 0.0066 | get 0.0033% / 4h | 2h 29m | $1.6M | $1.1M | 100x |
Lighter XCU
Bitget COPPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Lighter. 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
- $7.14
- Price spread: −0.175% → −0.169%
- −$0.66
- Slippage, 4 orders
- −$29.55
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$35.07
- Costs to cover
- 0.416%
- Break-even
- 41.4 days
Slippage from Lighter: live order book, 54 min ago; Bitget: live order book, 2 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 Lighter live order book, 54 min ago | 2.13 bp | 14.8 bp −$15 | 37.4 bp −$374 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 0.74 bp | 11.9 bp −$12 | 39.5 bp −$395 | 97.2 bp −$9,717 | doesn't fit |
COPPER on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX COPPER-USD | −0.0134% | 1h | 6.7851 | −0.174% | $898 | $3K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0091% | 1h | 6.7836 | −0.196% | $10.3M | $5.9M | 20x | as long as short |
| edgeX COPPERUSDC | −0.0019% | 4h | 6.7852 | −0.172% | $93K | $318K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7891 | −0.114% | $32K | $52K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7870 | −0.146% | $8.9M | $34.9M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7838 | −0.193% | $469K | $1.2M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7780 | −0.278% | $1.3M | $522K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7870 | −0.146% | $25.6M | $4.1M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.7852 | −0.172% | $752K | $1.6M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.7891 | −0.115% | $89K | $2.3M | 25x | as long as short |
SoDEX COPPER-USD
tradeXYZ xyz:COPPER
edgeX COPPERUSDC
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Variational Omni COPPER
GRVT COPPER_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX COPPER-USDT | 0.0000% | 4h | 6.7850 | −0.175% | — | $7.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.7950 | −0.028% | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7860 | −0.160% | $4.2M | $82K | 100x | as long as short |
| BloFin COPPER-USDT | +0.0024% | 4h | 6.7870 | −0.146% | $87K | $148K | 100x | as long as short |
| Lighter XCUlong | +0.0032% | 1h | 6.7969 | long leg | $476K | $46K | 20x | |
| Extended XCU-USD | +0.0032% | 1h | 6.7897 | −0.105% | $234K | $2.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7905 | −0.094% | — | $82K | 25x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7772 | −0.290% | $64K | $26K | 15x | as long as short |
| Paradex XCU-USD-PERP | +0.0051% | 8h | 6.7874 | −0.140% | $1K | $3K | 5x | as long as short |
| QFEX COPPER-USD | +0.0053% | 1h | 6.7870 | −0.146% | $1.5M | $138K | 20x | as long as short |
| Bitget COPPERUSDTshort | +0.0066% | 4h | 6.7850 | −0.175% | $1.6M | $1.1M | 100x | |
| Pacifica COPPER | +0.0100% | 1h | 6.7898 | −0.105% | $23K | $16K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7810 | −0.234% | $257K | $26K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.7930 | −0.057% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7857 | −0.164% | $310 | — | 10x | as long as short |
| Phoenix COPPER | +0.0329% | 1h | 6.7912 | −0.084% | $45K | $30K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0953% | 1h | 6.7835 | −0.197% | $26K | $177K | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
BloFin COPPER-USDT
Extended XCU-USD
Vest HG-PERP
Ondo Perps COPPER-USD.P
Paradex XCU-USD-PERP
QFEX COPPER-USD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD