Funding you earn now, next payment 01:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.022%
Price spread now: Lighter against OKX+0.197%7-day average +0.201% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$450.454% of the position
Funding, last 7 days−0.159%−$16 on $10k
+Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.197%, 7d avg +0.201%
=Together, before fees−0.296%+ Points / potential airdropLighter: Season 3 · farm board−$30 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.201%, 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 cost −0.159%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX XCU-USDT-SWAP | 6.8022 | 0 | get 0.0000% / 8h | 7h 36m | $470K | $985K | 50x |
| Short | Lighter XCU | 6.8156 | 0.0040 | get 0.0005% / 1h | 36m 26s | $477K | $45K | 20x |
OKX XCU-USDT-SWAP
Lighter XCUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against OKX. 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
- $8.4
- Price spread: +0.197% → +0.201%
- −$0.42
- Slippage, 4 orders
- −$35.42
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$37.44
- Costs to cover
- 0.454%
- Break-even
- 38.2 days
Slippage from OKX: live order book, 25 min ago; Lighter: live order book, 29 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 OKX live order book, 25 min ago | 0.74 bp | 13.0 bp −$13 | 28.0 bp −$280 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 29 min ago | 2.86 bp | 13.2 bp −$13 | 16.3 bp −$163 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCUUSD | −0.0448% | 1h | 6.7929 | −0.136% | $28K | $174K | 20x | as long as short |
| edgeX COPPERUSDC | −0.0016% | 4h | 6.8042 | +0.030% | $94K | $318K | 20x | as long as short |
| BloFin COPPER-USDT | −0.0007% | 4h | 6.8050 | +0.041% | $87K | $150K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8063 | +0.060% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8060 | +0.056% | $9.1M | $33.9M | 100x | as long as short |
| OKX XCU-USDT-SWAPlong | 0.0000% | 8h | 6.8022 | long leg | $470K | $985K | 50x | |
| Gate XCU_USDT | 0.0000% | 8h | 6.7930 | −0.135% | $1.3M | $492K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8050 | +0.041% | $26.8M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8070 | +0.071% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8024 | +0.004% | $741K | $1.6M | — | as long as short |
Kraken Futures PF_XCUUSD
edgeX COPPERUSDC
BloFin COPPER-USDT
Aster XCUUSDT
Binance COPPERUSDT
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 | 6.8056 | +0.050% | $87K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8050 | +0.041% | — | $7.4M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8070 | +0.071% | $60K | $26K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7900 | −0.179% | $4.2M | $78K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8045 | +0.033% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0004% | 1h | 6.8050 | +0.041% | $1.5M | $139K | 20x | as long as short |
| Lighter XCUshort | +0.0040% | 1h | 6.8156 | +0.197% | $477K | $45K | 20x | |
| Vest HG-PERP | +0.0046% | 1h | 6.8039 | +0.025% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8049 | +0.039% | $1K | $3K | 5x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8018 | −0.006% | $10.4M | $5.0M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8038 | +0.024% | $901 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8063 | +0.060% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8048 | +0.039% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8050 | +0.041% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8110 | +0.129% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8047 | +0.037% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0118% | 1h | 6.8021 | −0.001% | $45K | $30K | 20x | as long as short |
| Extended XCU-USD | +0.0360% | 1h | 6.8043 | +0.031% | $228K | $2.9M | 20x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
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
Extended XCU-USD