Funding you earn now, next payment 09:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.024%
Price spread now: Gate against Lighter−0.371%7-day average −0.258% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$850.853% of the position
Funding, last 7 days+0.265%+$27 on $10k
+Price spread, last 4 days (all we have)+0.175%+$17 · spread now −0.371%, 7d avg −0.258%
=Together, before fees+0.440%+ Points / potential airdropLighter: Season 3 · farm board+$44 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.114% cheaper against Lighter than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.258%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.265%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XCU | 6.8414 | 0.0104 | pay 0.0013% / 1h | 58m 51s | $479K | $26K | 20x |
| Short | Gate XCU_USDT | 6.8160 | 0 | get 0.0000% / 8h | 7h 58m | $1.3M | $503K | 100x |
Lighter XCU
Gate XCU_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$21.84
- Price spread: −0.371% → −0.258%
- −$11.37
- Slippage, 4 orders
- −$70.27
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$118.48
- Costs to cover
- 0.853%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 31 min ago; Gate: live order book, 3 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, 31 min ago | 6.44 bp | 14.9 bp −$15 | 38.4 bp −$384 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 1.47 bp | 31.8 bp −$32 | 220.0 bp −$2,200 | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:COPPER | −0.0023% | 1h | 6.8262 | −0.222% | $10.6M | $5.0M | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8311 | −0.151% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8311 | −0.150% | $9.0M | $33.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8264 | −0.219% | $503K | $988K | 50x | as long as short |
| Gate XCU_USDTshort | 0.0000% | 8h | 6.8160 | −0.371% | $1.3M | $503K | 100x | |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8310 | −0.152% | $26.6M | $5.1M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8300 | −0.167% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8246 | −0.246% | $765K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8270 | −0.210% | $89K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8320 | −0.137% | — | $6.0M | 20x | as long as short |
tradeXYZ xyz:COPPER
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
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 | 6.8320 | −0.137% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8200 | −0.313% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8284 | −0.191% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0015% | 4h | 6.8257 | −0.230% | $95K | $320K | 20x | as long as short |
| QFEX COPPER-USD | +0.0017% | 1h | 6.8310 | −0.152% | $1.5M | $140K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8273 | −0.207% | $274K | $2.0M | 20x | as long as short |
| BloFin COPPER-USDT | +0.0032% | 4h | 6.8330 | −0.123% | $88K | $145K | 100x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8278 | −0.199% | — | $82K | 25x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8265 | −0.218% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8301 | −0.165% | $2K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8213 | −0.294% | $57K | $55K | 15x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0076% | 1h | 6.8297 | −0.171% | $34K | $178K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8273 | −0.207% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8290 | −0.181% | $278K | $36K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8370 | −0.064% | $3K | — | 10x | as long as short |
| Lighter XCUlong | +0.0104% | 1h | 6.8414 | long leg | $479K | $26K | 20x | |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8310 | −0.152% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0106% | 1h | 6.8242 | −0.251% | $45K | $22K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
Extended XCU-USD
BloFin COPPER-USDT
Vest HG-PERP
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER