Funding you earn now, next payment 09:00 UTC−0.0139%/8h= −15.2% APRpaid last 24h −0.047%
Price spread now: edgeX against Lighter−0.092%7-day average −0.194% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$450.448% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.092%, 7d avg −0.194%
=Together, before fees−0.004%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board$0 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.103% dearer against Lighter than usual: you sell high and buy low (spread −0.092% now, against its 7-day average of −0.194%): +$10 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.5 days. At the pace of the last 7 days (−0.030% in total) that is about 24 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XCU | 6.8457 | 0.0152 | pay 0.0019% / 1h | 1m 01s | $479K | $27K | 20x |
| Short | edgeX COPPERUSDC | 6.8394 | 0.0013 | get 0.0007% / 4h | 3h 01m | $95K | $320K | 20x |
Lighter XCU
edgeX COPPERUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$29.11
- Price spread: −0.092% → −0.194%
- $10.25
- Slippage, 4 orders
- −$35.76
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$63.61
- Costs to cover
- 0.448%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 24 min ago; edgeX: live order book, 32 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, 24 min ago | 2.06 bp | 14.7 bp −$15 | 33.1 bp −$331 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 32 min ago | 7.35 bp | 12.7 bp −$13 | 23.1 bp −$231 | 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 | −0.0028% | 4h | 6.8350 | −0.156% | $88K | $152K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8332 | −0.183% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8330 | −0.186% | $9.0M | $33.3M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8292 | −0.241% | $499K | $986K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8180 | −0.405% | $1.3M | $513K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8330 | −0.186% | $26.0M | $5.8M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8330 | −0.186% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8414 | −0.063% | $765K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8400 | −0.083% | $91K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8360 | −0.142% | — | $5.5M | 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 | 6.8400 | −0.083% | $61K | $54K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8230 | −0.332% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8356 | −0.147% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDCshort | +0.0013% | 4h | 6.8394 | −0.092% | $95K | $320K | 20x | |
| QFEX COPPER-USD | +0.0018% | 1h | 6.8360 | −0.142% | $1.5M | $144K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8290 | −0.244% | $273K | $1.7M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8323 | −0.196% | — | $36K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8292 | −0.241% | $10.8M | $4.1M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8306 | −0.221% | $905 | $6K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8392 | −0.095% | $57K | $53K | 15x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8351 | −0.155% | $2K | $1K | 5x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0076% | 1h | 6.8332 | −0.182% | $34K | $178K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8353 | −0.152% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8320 | −0.200% | $266K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8410 | −0.069% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8343 | −0.167% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0129% | 1h | 6.8360 | −0.142% | $45K | $22K | 20x | as long as short |
| Lighter XCUlong | +0.0152% | 1h | 6.8457 | long leg | $479K | $27K | 20x |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
Extended XCU-USD
Vest HG-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Paradex XCU-USD-PERP
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER