Funding you earn now, next payment 08:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h +0.022%
Price spread now: KuCoin against Lighter−0.164%7-day average −0.148% · you buy dearer than you sell
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$158as in the Price arb table
costs, in and out, $10k−$1561.559% of the position
Funding, last 7 days+0.477%+$48 on $10k
+Price spread, last 4 days (all we have)+0.127%+$13 · spread now −0.164%, 7d avg −0.148%
=Together, before fees+0.604%+ Points / potential airdropLighter: Season 3 · farm board+$60 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.148%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.477%, 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 | 6.8312 | 0.0176 | pay 0.0022% / 1h | 16m 42s | $478K | $27K | 20x |
| Short | KuCoin COPPERUSDTM | 6.8200 | 0.0100 | get 0.0050% / 4h | 16m 42s | $278K | $36K | 50x |
Lighter XCU
KuCoin COPPERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$15.96
- Price spread: −0.164% → −0.148%
- −$1.62
- Slippage, 4 orders
- −$143.89
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$173.47
- Costs to cover
- 1.559%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 13 min ago; KuCoin: live order book, 15 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, 13 min ago | 6.44 bp | 14.9 bp −$15 | 38.4 bp −$384 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 15 min ago | 14.64 bp | 82.9 bp −$83 | 487.0 bp −$4,870 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XCUUSDT | 0.0000% | 4h | 6.8224 | −0.128% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8229 | −0.122% | $9.0M | $33.7M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8157 | −0.227% | $494K | $983K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8070 | −0.354% | $1.3M | $528K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8210 | −0.149% | $26.6M | $5.2M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8210 | −0.149% | $2.9M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8243 | −0.101% | $770K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8273 | −0.057% | $86K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8210 | −0.149% | — | $6.1M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8270 | −0.061% | $61K | $24K | 75x | as long as short |
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-USDT
HTX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8150 | −0.237% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8171 | −0.206% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0002% | 4h | 6.8250 | −0.091% | $95K | $320K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0011% | 4h | 6.8220 | −0.135% | $88K | $148K | 100x | as long as short |
| QFEX COPPER-USD | +0.0017% | 1h | 6.8190 | −0.179% | $1.5M | $134K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8183 | −0.189% | — | $82K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8168 | −0.211% | $10.6M | $5.0M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8170 | −0.208% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8187 | −0.184% | $2K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8278 | −0.050% | $57K | $55K | 15x | as long as short |
| Extended XCU-USD | +0.0096% | 1h | 6.8177 | −0.198% | $274K | $2.0M | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8187 | −0.182% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTMshort | +0.0100% | 4h | 6.8200 | −0.164% | $278K | $36K | 50x | |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8270 | −0.061% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8200 | −0.164% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0106% | 1h | 6.8239 | −0.107% | $45K | $22K | 20x | as long as short |
| Lighter XCUlong | +0.0176% | 1h | 6.8312 | long leg | $478K | $27K | 20x | |
| Kraken Futures PF_XCUUSD | +0.0358% | 1h | 6.8172 | −0.205% | $34K | $178K | 20x | as long as short |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
BloFin COPPER-USDT
QFEX COPPER-USD
Vest HG-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Extended XCU-USD
Pacifica COPPER
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD