Funding you earn now, next payment 22:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.022%
Price spread now: Phemex against Lighter−0.203%7-day average −0.202% · you buy dearer than you sell
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1391.393% of the position
Funding, last 7 days+0.176%+$18 on $10k
+Price spread, last 3 days (all we have)−0.063%−$6 · spread now −0.203%, 7d avg −0.202%
=Together, before fees+0.113%+ Points / potential airdropLighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.202%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.176%, 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 | 6.8008 | 0.0032 | pay 0.0004% / 1h | 8m 14s | $476K | $47K | 20x |
| Short | Phemex COPPERUSDT | 6.7870 | 0 | get 0.0000% / 4h | 2h 08m | $4.2M | $82K | 100x |
Lighter XCU
Phemex COPPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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: −0.203% → −0.202%
- −$0.09
- Slippage, 4 orders
- −$127.34
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$146.15
- Costs to cover
- 1.393%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; Phemex: live order book, 6 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, 7 min ago | 2.35 bp | 19.5 bp −$20 | 33.4 bp −$334 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 1.47 bp | 57.9 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
COPPER on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX COPPER-USD | −0.0120% | 1h | 6.7840 | −0.247% | $898 | $3K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0075% | 1h | 6.7838 | −0.250% | $10.4M | $6.0M | 20x | as long as short |
| BloFin COPPER-USDT | −0.0058% | 4h | 6.7900 | −0.159% | $87K | $150K | 100x | as long as short |
| edgeX COPPERUSDC | −0.0017% | 4h | 6.7879 | −0.189% | $93K | $316K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7900 | −0.159% | $32K | $52K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7876 | −0.194% | $8.9M | $35.2M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7810 | −0.291% | $469K | $1.2M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7810 | −0.291% | $1.3M | $522K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7870 | −0.203% | $27.1M | $5.1M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.7884 | −0.182% | $752K | $1.6M | — | as long as short |
SoDEX COPPER-USD
tradeXYZ xyz:COPPER
BloFin COPPER-USDT
edgeX COPPERUSDC
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Variational Omni COPPERShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.7889 | −0.175% | $91K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7870 | −0.203% | — | $7.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.7890 | −0.174% | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDTshort | 0.0000% | 4h | 6.7870 | −0.203% | $4.2M | $82K | 100x | |
| Bitget COPPERUSDT | +0.0016% | 4h | 6.7880 | −0.188% | $1.6M | $1.1M | 100x | as long as short |
| Lighter XCUlong | +0.0032% | 1h | 6.8008 | long leg | $476K | $47K | 20x | |
| Extended XCU-USD | +0.0032% | 1h | 6.7885 | −0.181% | $234K | $2.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7905 | −0.151% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7881 | −0.186% | $1K | $3K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7902 | −0.156% | $56K | $33K | 15x | as long as short |
| QFEX COPPER-USD | +0.0053% | 1h | 6.7860 | −0.218% | $1.5M | $138K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7888 | −0.176% | $23K | $16K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7790 | −0.321% | $257K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.7930 | −0.115% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7878 | −0.192% | $310 | — | 10x | as long as short |
| Phoenix COPPER | +0.0329% | 1h | 6.7909 | −0.146% | $45K | $30K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0953% | 1h | 6.7822 | −0.274% | $26K | $177K | 20x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Bitget COPPERUSDT
Extended XCU-USD
Vest HG-PERP
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
QFEX COPPER-USD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD