Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h −0.012%

Price spread now: Paradex against Lighter−0.165%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.165% cheaper against Lighter than usual: you would sell low and buy high (spread −0.165% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 55 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XCU	6.8588	0.0040	pay 0.0005% / 1h	52m 41s	$480K	$25K	20x
Short	Paradex XCU-USD-PERP	6.8475	0.0050	get 0.0050% / 8h	5h 52m	$2K	$825	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee ParadexbpOrdersPrice spread, now −0.165%Rate

Funding earned: $2.11
Price spread: −0.165% → 0.000%: −$16.47
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$18.37
Costs to cover: 0.040%
Break-even: 68.1 days

Slippage unknown: Lighter: live order book, 54 min ago; Paradex: 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, 54 min ago	2.48 bp	13.7 bp −$14	32.6 bp −$326	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 exchanges

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
BloFin XCU-USDT	−0.0010%	8h	6.8460	−0.187%	$49K	$302K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8508	−0.117%	$35K	$31K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8508	−0.117%	$9.0M	$32.0M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8462	−0.184%	$509K	$811K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8330	−0.376%	$1.3M	$181K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8500	−0.128%	$26.3M	$5.5M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8480	−0.157%	$3.5M	$1.8M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8508	−0.117%	$775K	$538K	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8550	−0.055%	$92K	$2.3M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8500	−0.128%	—	$4.8M	20x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX COPPER-USDT	0.0000%	4h	6.8520	−0.099%	$61K	$71K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8390	−0.289%	$4.2M	$82K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8461	−0.185%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0010%	4h	6.8498	−0.131%	$95K	$319K	20x	as long as short
QFEX COPPER-USD	+0.0011%	1h	6.8480	−0.157%	$1.5M	$150K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8471	−0.171%	$274K	$1.7M	20x	as long as short
Lighter XCUlong	+0.0040%	1h	6.8588	long leg	$480K	$25K	20x
Vest HG-PERP	+0.0046%	1h	6.8467	−0.176%	—	$36K	25x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8468	−0.175%	$10.8M	$3.8M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8470	−0.172%	$907	$6K	20x	as long as short
Paradex XCU-USD-PERPshort	+0.0050%	8h	6.8475	−0.165%	$2K	$825	5x
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8476	−0.163%	$59K	$52K	15x	as long as short
Phoenix COPPER	+0.0093%	1h	6.8508	−0.117%	$44K	$18K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8476	−0.163%	$24K	$13K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8500	−0.128%	$267K	$39K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8570	−0.026%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8493	−0.138%	$313	—	10x	as long as short
Kraken Futures PF_XCUUSD	+0.0336%	1h	6.8508	−0.116%	$34K	$180K	20x	as long as short