Settings8H · net · $10k
Funding arb · Price arb /

COPPER

RWAall COPPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0136%/8h= −14.9% APRpaid last 24h −0.022%
Price spread now: SunX against Lighter−0.111%7-day average −0.185% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.223%+$22 on $10k
Price spread, last 4 days (all we have)−0.034%−$3 · spread now −0.111%, 7d avg −0.185%
Together, before fees+0.189%+ Points / potential airdropLighter: Season 3 · farm board+$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.074% dearer against Lighter than usual: you sell high and buy low (spread −0.111% now, against its 7-day average of −0.185%): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 43 hours. Mind the row above: over the last 7 days funding on this pair paid +0.223%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter XCU6.81960.0136pay 0.0017% / 1h4m 46s$477K$42K20x
ShortSunX COPPER-USDT6.81200get 0.0000% / 4h1h 04m$6.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
−$28.56
Price spread: −0.111% → −0.185%
$7.36
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee SunX: 4 bp × 2 orders
−$8
Net
−$29.2
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Lighter: live order book, 30 min ago; SunX: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 30 min ago2.86 bp10.3 bp −$1029.6 bp −$296doesn't fitdoesn't fit
Sell SunX live order book, 4 min ago46.96 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

COPPER on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin COPPER-USDT−0.0005%4h6.8130−0.097%$88K$143K100xas long as short
Aster XCUUSDT0.0000%4h6.8066−0.191%$32K$27K50xas long as short
Binance COPPERUSDT0.0000%4h6.8070−0.185%$9.0M$34.0M100xas long as short
OKX XCU-USDT-SWAP0.0000%8h6.8026−0.249%$489K$996K50xas long as short
Gate XCU_USDT0.0000%8h6.7930−0.390%$1.3M$526K100xas long as short
MEXC COPPER_USDT0.0000%4h6.8080−0.170%$26.2M$5.0M100xas long as short
Bitget COPPERUSDT0.0000%4h6.8060−0.199%$2.9M$2.0M100xas long as short
Variational Omni COPPER0.0000%4h6.8113−0.122%$749K$1.4Mas long as short
GRVT COPPER_USDT_Perp0.0000%4h6.8180−0.023%$93K$2.4M25xas long as short
SunX COPPER-USDTshort0.0000%4h6.8120−0.111%$6.4M20x
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX COPPER-USDT0.0000%4h6.8190−0.009%$61K$24K75xas long as short
Phemex COPPERUSDT0.0000%4h6.8090−0.155%$4.2M$83K100xas long as short
gTrade (Gains Network) HG/USDL +0.0002% / S −0.0001%1h6.8053−0.210%$177K250xas long as short
QFEX COPPER-USD+0.0003%1h6.8110−0.126%$1.5M$128K20xas long as short
edgeX COPPERUSDC+0.0013%4h6.8152−0.064%$95K$318K20xas long as short
Vest HG-PERP+0.0046%1h6.8063−0.195%$82K25xas long as short
Phoenix COPPER+0.0047%1h6.8111−0.125%$45K$22K20xas long as short
tradeXYZ xyz:COPPER+0.0050%1h6.8048−0.217%$10.6M$5.0M20xas long as short
SoDEX COPPER-USD+0.0050%1h6.8056−0.205%$4K$5K20xas long as short
Paradex XCU-USD-PERP+0.0050%8h6.8098−0.144%$1K$2K5xas long as short
Ondo Perps COPPER-USD.P+0.0050%1h6.8170−0.038%$57K$55K15xas long as short
Extended XCU-USD+0.0056%1h6.8046−0.220%$272K$2.3M20xas long as short
Pacifica COPPER+0.0100%1h6.8078−0.173%$23K$14K10xas long as short
KuCoin COPPERUSDTM+0.0100%4h6.8100−0.141%$278K$37K50xas long as short
Orderly PERP_COPPER_USDC_mythos+0.0100%8h6.8170−0.038%$3K10xas long as short
Aevo COPPER-PERP+0.0104%1h6.8090−0.156%$31110xas long as short
Kraken Futures PF_XCUUSD+0.0108%1h6.8081−0.169%$34K$176K20xas long as short
Lighter XCUlong+0.0136%1h6.8196long leg$477K$42K20x