Funding you earn now, next payment 05:00 UTC−0.0031%/8h= −3.3% APRnext payment −$0.04 per $10,000 · paid last 24h −0.022%
Price spread now: gTrade (Gains Network) against Lighter−0.145%7-day average −0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$471as in the Price arb table
costs, in and out, $10k−$4684.680% of the position
Funding, last 1 day (all we have)−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)+0.180%+$18 · spread now −0.145%, 7d avg −0.113%
=Together, before fees+0.156%+ Points / potential airdropLighter: Season 3 · farm board+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and gTrade (Gains Network) is 0.033% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.113%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XCU | 6.8409 | 0.0032 | pay 0.0004% / 1h | 25m 53s | $478K | $40K | 20x |
| Short | gTrade (Gains Network) HG/USD | 6.8310 | L +0.0002% / S −0.0001% | get 0.0000% / 1h | 25m 53s | $178K | — | 250x |
Lighter XCU
gTrade (Gains Network) HG/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$6.42
- Price spread: −0.145% → −0.113%
- −$3.26
- Slippage, 4 orders
- −$458.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$477.7
- Costs to cover
- 4.680%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 19 min ago; gTrade (Gains Network): virtual book (oracle venue), 58 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, 19 min ago | 2.34 bp | 8.4 bp −$8 | 30.8 bp −$308 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 58 min ago | 130.00 bp | 213.6 bp −$214 | 1617.5 bp −$16.2K | 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 | 6.8261 | −0.216% | $35K | $176K | 20x | as long as short |
| BloFin COPPER-USDT | −0.0060% | 4h | 6.8280 | −0.189% | $88K | $135K | 100x | as long as short |
| tradeXYZ xyz:COPPER | −0.0041% | 1h | 6.8291 | −0.172% | $10.6M | $4.9M | 20x | as long as short |
| QFEX COPPER-USD | −0.0003% | 1h | 6.8300 | −0.159% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8324 | −0.124% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8320 | −0.130% | $9.1M | $33.1M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8286 | −0.180% | $487K | $970K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8180 | −0.335% | $1.3M | $505K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8310 | −0.145% | $25.8M | $4.4M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8310 | −0.145% | $2.5M | $1.7M | 100x | as long as short |
Kraken Futures PF_XCUUSD
BloFin COPPER-USDT
tradeXYZ xyz:COPPER
QFEX COPPER-USD
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni COPPER | 0.0000% | 4h | 6.8302 | −0.156% | $740K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8290 | −0.174% | $97K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8310 | −0.145% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8330 | −0.115% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8190 | −0.320% | $4.2M | $78K | 100x | as long as short |
| gTrade (Gains Network) HG/USDshort | L +0.0002% / S −0.0001% | 1h | 6.8310 | −0.145% | $178K | — | 250x | |
| edgeX COPPERUSDC | +0.0010% | 4h | 6.8277 | −0.193% | $95K | $317K | 20x | as long as short |
| Lighter XCUlong | +0.0032% | 1h | 6.8409 | long leg | $478K | $40K | 20x | |
| Extended XCU-USD | +0.0032% | 1h | 6.8317 | −0.135% | $264K | $2.6M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8307 | −0.149% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8302 | −0.156% | $45K | $23K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8304 | −0.154% | $2K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8293 | −0.170% | $904 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8318 | −0.133% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8319 | −0.132% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8260 | −0.218% | $291K | $32K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8370 | −0.057% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8293 | −0.170% | $312 | — | 10x | as long as short |
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
edgeX COPPERUSDC
Extended XCU-USD
Vest HG-PERP
Phoenix COPPER
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP