Funding you earn now, next payment 03:00 UTC−0.0142%/8h= −15.6% APRpaid last 24h −0.072%
Price spread now: BloFin against Lighter−0.099%7-day average −0.177% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$390.391% of the position
Funding, last 7 days−0.029%−$3 on $10k
+Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.099%, 7d avg −0.177%
=Together, before fees+0.038%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.078% dearer against Lighter than usual: you sell high and buy low (spread −0.099% now, against its 7-day average of −0.177%): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 44 hours. At the pace of the last 7 days (−0.029% in total) that is about 19 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XCU | 6.8378 | 0.0088 | pay 0.0011% / 1h | 12m 18s | $478K | $39K | 20x |
| Short | BloFin COPPER-USDT | 6.8310 | −0.0054 | pay 0.0027% / 4h | 1h 12m | $88K | $143K | 100x |
Lighter XCU
BloFin COPPER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$29.92
- Price spread: −0.099% → −0.177%
- $7.79
- Slippage, 4 orders
- −$27.11
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$61.24
- Costs to cover
- 0.391%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 43 min ago; BloFin: live order book, 24 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, 43 min ago | 2.12 bp | 8.6 bp −$9 | 27.7 bp −$277 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 24 min ago | 0.73 bp | 9.7 bp −$10 | 11.7 bp −$117 | 40.3 bp −$4,032 | 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-USDTshort | −0.0054% | 4h | 6.8310 | −0.099% | $88K | $143K | 100x | |
| QFEX COPPER-USD | 0.0000% | 1h | 6.8270 | −0.158% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8260 | −0.173% | $32K | $21K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8280 | −0.143% | $9.0M | $32.6M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8234 | −0.211% | $471K | $949K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8140 | −0.348% | $1.3M | $493K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8270 | −0.158% | $26.1M | $4.2M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8310 | −0.099% | $1.7M | $987K | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8332 | −0.068% | $744K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8309 | −0.101% | $88K | $2.1M | 25x | as long as short |
QFEX COPPER-USD
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 | 6.8290 | −0.129% | — | $6.7M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8320 | −0.085% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8140 | −0.348% | $4.2M | $76K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8236 | −0.208% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0003% | 4h | 6.8283 | −0.139% | $95K | $319K | 20x | as long as short |
| Phoenix COPPER | +0.0012% | 1h | 6.8276 | −0.149% | $45K | $23K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8237 | −0.206% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8257 | −0.177% | $2K | $2K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8260 | −0.173% | $10.5M | $4.8M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8260 | −0.173% | $904 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8360 | −0.026% | $57K | $55K | 15x | as long as short |
| Lighter XCUlong | +0.0088% | 1h | 6.8378 | long leg | $478K | $39K | 20x | |
| Pacifica COPPER | +0.0100% | 1h | 6.8258 | −0.175% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8260 | −0.173% | $258K | $21K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8350 | −0.041% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8274 | −0.152% | $312 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0195% | 1h | 6.8271 | −0.156% | $32K | $176K | 20x | as long as short |
| Extended XCU-USD | +0.0776% | 1h | 6.8243 | −0.198% | $224K | $2.8M | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
Phoenix COPPER
Vest HG-PERP
Paradex XCU-USD-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD
Extended XCU-USD