Funding you earn now, next payment 23:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h −0.025%
Price spread now: Ondo Perps against Lighter−0.107%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.229%+$23 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · Ondo Perps: Active · farm boardneeds both histories
Funding pays, the price is against you. Ondo Perps is 0.107% cheaper against Lighter than usual: you would sell low and buy high (spread −0.107% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 19 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.229% in total) that is about 3.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XCU | 6.8055 | 0.0032 | pay 0.0004% / 1h | 18m 11s | $476K | $45K | 20x |
| Short | Ondo Perps COPPER-USD.P | 6.7982 | 0.0050 | get 0.0006% / 1h | 18m 11s | $56K | $55K | 15x |
Lighter XCU
Ondo Perps COPPER-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- $3.86
- Price spread: −0.107% → 0.000%
- −$10.73
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$11.86
- Costs to cover
- 0.050%
- Break-even
- 28.5 days
Slippage unknown: Lighter: live order book, 57 min ago; Ondo Perps: no order-book sample. Net counts fees only.
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, 57 min ago | 2.35 bp | 19.5 bp −$20 | 33.4 bp −$334 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX COPPER-USD | −0.0015% | 1h | 6.7950 | −0.154% | $1.5M | $135K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0008% | 1h | 6.7913 | −0.209% | $10.4M | $5.4M | 20x | as long as short |
| edgeX COPPERUSDC | −0.0005% | 4h | 6.7972 | −0.122% | $93K | $318K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7960 | −0.140% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7970 | −0.125% | $9.0M | $34.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7941 | −0.168% | $467K | $1.2M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7820 | −0.345% | $1.3M | $499K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7970 | −0.125% | $27.0M | $5.1M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.7970 | −0.125% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.7977 | −0.115% | $739K | $1.6M | — | as long as short |
QFEX COPPER-USD
tradeXYZ xyz:COPPER
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_Perp | 0.0000% | 4h | 6.7991 | −0.095% | $90K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7970 | −0.125% | — | $7.7M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8000 | −0.081% | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7910 | −0.213% | $4.2M | $81K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.7928 | −0.186% | $176K | — | 250x | as long as short |
| Lighter XCUlong | +0.0032% | 1h | 6.8055 | long leg | $476K | $45K | 20x | |
| Extended XCU-USD | +0.0032% | 1h | 6.7937 | −0.173% | $231K | $2.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7926 | −0.190% | — | $82K | 25x | as long as short |
| BloFin COPPER-USDT | +0.0047% | 4h | 6.7940 | −0.169% | $87K | $149K | 100x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7959 | −0.141% | $1K | $3K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7936 | −0.175% | $900 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.Pshort | +0.0050% | 1h | 6.7982 | −0.107% | $56K | $55K | 15x | |
| Kraken Futures PF_XCUUSD | +0.0060% | 1h | 6.7960 | −0.140% | $26K | $171K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7938 | −0.173% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7970 | −0.125% | $258K | $26K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8020 | −0.051% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7955 | −0.146% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0329% | 1h | 6.7950 | −0.154% | $45K | $30K | 20x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
Extended XCU-USD
Vest HG-PERP
BloFin COPPER-USDT
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER