Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.072%
Price spread now: Variational Omni against Lighter−0.158%7-day average −0.185% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.253%+$25 on $10k
+Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.158%, 7d avg −0.185%
=Together, before fees+0.390%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board+$39 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.028% dearer against Lighter than usual: you sell high and buy low (spread −0.158% now, against its 7-day average of −0.185%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.9 days. Mind the row above: over the last 3 days funding on this pair paid +0.253%, 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 | 6.8421 | 0.0032 | pay 0.0004% / 1h | 46m 17s | $478K | $40K | 20x |
| Short | Variational Omni COPPER | 6.8313 | 0 | get 0.0000% / 4h | 46m 17s | $743K | $1.4M | — |
Lighter XCU
Variational Omni COPPERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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: −0.158% → −0.185%
- $2.76
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$3.96
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 4 min ago; Variational Omni: RFQ quote, 3 min ago. 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, 4 min ago | 2.48 bp | 11.3 bp −$11 | 32.2 bp −$322 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 2.98 bp | doesn't fit | 10.1 bp −$101 | 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 | 6.8320 | −0.147% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8310 | −0.162% | $9.0M | $32.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8294 | −0.186% | $472K | $951K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8120 | −0.440% | $1.3M | $494K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8300 | −0.177% | $26.0M | $4.2M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8320 | −0.148% | $1.7M | $987K | 100x | as long as short |
| Variational Omni COPPERshort | 0.0000% | 4h | 6.8313 | −0.158% | $743K | $1.4M | — | |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8330 | −0.133% | $93K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8290 | −0.191% | — | $6.7M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8350 | −0.104% | $61K | $24K | 75x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
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 | −0.396% | $4.2M | $76K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8286 | −0.197% | $178K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0009% | 1h | 6.8300 | −0.177% | $1.5M | $129K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0012% | 4h | 6.8302 | −0.174% | $95K | $319K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0024% | 4h | 6.8300 | −0.177% | $88K | $144K | 100x | as long as short |
| Lighter XCUlong | +0.0032% | 1h | 6.8421 | long leg | $478K | $40K | 20x | |
| Vest HG-PERP | +0.0046% | 1h | 6.8282 | −0.203% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8305 | −0.170% | $2K | $2K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8278 | −0.209% | $10.5M | $4.8M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8285 | −0.199% | $904 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8270 | −0.221% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8317 | −0.152% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8270 | −0.221% | $258K | $21K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8390 | −0.045% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8301 | −0.175% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0164% | 1h | 6.8322 | −0.145% | $45K | $23K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0290% | 1h | 6.8275 | −0.213% | $35K | $179K | 20x | as long as short |
| Extended XCU-USD | +0.0800% | 1h | 6.8290 | −0.191% | $221K | $2.7M | 20x | as long as short |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
edgeX COPPERUSDC
BloFin COPPER-USDT
Vest HG-PERP
Paradex XCU-USD-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD
Extended XCU-USD