Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.033%
Price spread now: GRVT against Lighter−0.142%7-day average −0.173% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$440.442% of the position
Funding, last 7 days+0.072%+$7 on $10k
+Price spread, last 3 days (all we have)+0.028%+$3 · spread now −0.142%, 7d avg −0.173%
=Together, before fees+0.099%+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm board+$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.031% dearer against Lighter than usual: you sell high and buy low (spread −0.142% now, against its 7-day average of −0.173%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.072%, 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 | 6.8167 | 0.0032 | pay 0.0004% / 1h | 57m 02s | $477K | $45K | 20x |
| Short | GRVT COPPER_USDT_Perp | 6.8070 | 0 | get 0.0000% / 4h | 3h 57m | $89K | $2.1M | 25x |
Lighter XCU
GRVT COPPER_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$6.72
- Price spread: −0.142% → −0.173%
- $3.11
- Slippage, 4 orders
- −$35.2
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$47.82
- Costs to cover
- 0.442%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 8 min ago; GRVT: 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, 8 min ago | 2.86 bp | 10.9 bp −$11 | 30.8 bp −$308 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 2 min ago | 0.74 bp | 10.2 bp −$10 | 21.4 bp −$214 | 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 | −0.0448% | 1h | 6.7945 | −0.326% | $28K | $174K | 20x | as long as short |
| BloFin COPPER-USDT | −0.0057% | 4h | 6.8070 | −0.142% | $87K | $149K | 100x | as long as short |
| edgeX COPPERUSDC | −0.0008% | 4h | 6.8047 | −0.176% | $93K | $316K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8073 | −0.139% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8081 | −0.126% | $9.0M | $34.1M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8059 | −0.158% | $470K | $990K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7950 | −0.318% | $1.3M | $491K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8060 | −0.157% | $26.9M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8100 | −0.098% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8056 | −0.163% | $740K | $1.6M | — | as long as short |
Kraken Futures PF_XCUUSD
BloFin COPPER-USDT
edgeX COPPERUSDC
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPERShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COPPER_USDT_Perpshort | 0.0000% | 4h | 6.8070 | −0.142% | $89K | $2.1M | 25x | |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8050 | −0.172% | — | $7.4M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8060 | −0.157% | $60K | $27K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7940 | −0.333% | $4.2M | $78K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8045 | −0.179% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0004% | 1h | 6.8040 | −0.186% | $1.5M | $139K | 20x | as long as short |
| Lighter XCUlong | +0.0032% | 1h | 6.8167 | long leg | $477K | $45K | 20x | |
| Phoenix COPPER | +0.0035% | 1h | 6.8050 | −0.172% | $45K | $30K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8031 | −0.200% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8061 | −0.156% | $1K | $3K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8042 | −0.183% | $10.4M | $5.1M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8048 | −0.175% | $901 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7992 | −0.257% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8052 | −0.169% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8010 | −0.230% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8130 | −0.054% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8053 | −0.167% | $311 | — | 10x | as long as short |
| Extended XCU-USD | +0.0440% | 1h | 6.8057 | −0.162% | $230K | $2.9M | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
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
Extended XCU-USD