Funding you earn now, next payment 10:00 UTC+0.0094%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.014%
Price spread now: Lighter against Ondo Perps+0.104%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.287%−$29 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropOndo Perps: Active · Lighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.104% dearer against Ondo Perps than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.287%, 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 | Ondo Perps COPPER-USD.P | 6.8392 | 0.0050 | pay 0.0006% / 1h | 59m 23s | $57K | $53K | 15x |
| Short | Lighter XCU | 6.8463 | 0.0144 | get 0.0018% / 1h | 59m 23s | $479K | $23K | 20x |
Ondo Perps COPPER-USD.P
Lighter XCUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Ondo Perps. 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
- $19.66
- Price spread: +0.104% → 0.000%
- $10.38
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $25.04
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; Lighter: live order book, 25 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 25 min ago | 2.06 bp | 4.7 bp −$5 | 10.1 bp −$101 | doesn't fit | doesn't fit |
Ondo Perps: 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 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COPPER-USDT | −0.0028% | 4h | 6.8350 | −0.061% | $88K | $152K | 100x | as long as short |
| tradeXYZ xyz:COPPER | −0.0012% | 1h | 6.8336 | −0.082% | $10.8M | $4.1M | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8397 | +0.007% | $33K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8380 | −0.018% | $9.1M | $33.4M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8327 | −0.095% | $499K | $984K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8200 | −0.281% | $1.3M | $183K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8380 | −0.018% | $26.0M | $5.5M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8360 | −0.047% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8322 | −0.102% | $765K | $1.3M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8364 | −0.041% | $91K | $2.4M | 25x | as long as short |
BloFin COPPER-USDT
tradeXYZ xyz:COPPER
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX COPPER-USDT | 0.0000% | 4h | 6.8380 | −0.018% | — | $5.5M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8390 | −0.003% | $61K | $54K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8230 | −0.237% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8323 | −0.101% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0008% | 4h | 6.8367 | −0.036% | $95K | $321K | 20x | as long as short |
| QFEX COPPER-USD | +0.0018% | 1h | 6.8380 | −0.018% | $1.5M | $144K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8351 | −0.060% | $273K | $1.7M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8343 | −0.072% | — | $36K | 25x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8332 | −0.088% | $905 | $6K | 20x | as long as short |
| Ondo Perps COPPER-USD.Plong | +0.0050% | 1h | 6.8392 | long leg | $57K | $53K | 15x | |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8335 | −0.083% | $2K | $1K | 5x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8330 | −0.091% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8360 | −0.047% | $266K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8430 | +0.056% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8370 | −0.033% | $313 | — | 10x | as long as short |
| Phoenix COPPER | +0.0129% | 1h | 6.8336 | −0.082% | $45K | $17K | 20x | as long as short |
| Lighter XCUshort | +0.0144% | 1h | 6.8463 | +0.104% | $479K | $23K | 20x | |
| Kraken Futures PF_XCUUSD | +0.0330% | 1h | 6.8363 | −0.042% | $34K | $178K | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
Extended XCU-USD
Vest HG-PERP
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD