Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h +0.011%

Price spread now: Lighter against Paradex+0.139%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · Lighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.139% dearer against Paradex than usual: you sell high and buy low (spread +0.139% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 46 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XCU-USD-PERP	6.8063	0.0050	pay 0.0050% / 8h	7h 32m	$1K	$3K	5x
Short	Lighter XCU	6.8158	0.0040	get 0.0005% / 1h	32m 16s	$477K	$45K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Paradex. 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

Position, each leg$Hold fordaysFee ParadexbpFee LighterbpOrdersPrice spread, now +0.139%Rate

Funding earned: −$2.1
Price spread: +0.139% → 0.000%: $13.89
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: $7.79
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 33 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 Paradex no order-book sample	—	—	—	—	—
Sell Lighter live order book, 33 min ago	2.86 bp	13.2 bp −$13	16.3 bp −$163	doesn't fit	doesn't fit

Paradex: 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
Kraken Futures PF_XCUUSD	−0.0448%	1h	6.7931	−0.194%	$28K	$174K	20x	as long as short
BloFin COPPER-USDT	−0.0030%	4h	6.8060	−0.005%	$87K	$150K	100x	as long as short
edgeX COPPERUSDC	−0.0019%	4h	6.8054	−0.013%	$94K	$319K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8059	−0.007%	$32K	$36K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8053	−0.016%	$9.1M	$33.5M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8035	−0.042%	$470K	$982K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7920	−0.211%	$1.3M	$492K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8050	−0.020%	$26.8M	$4.9M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8070	+0.010%	$1.7M	$1.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8044	−0.028%	$741K	$1.6M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8062	−0.002%	$87K	$2.1M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8060	−0.005%	—	$7.2M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8080	+0.024%	$60K	$26K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.7920	−0.211%	$4.2M	$78K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8034	−0.043%	$177K	—	250x	as long as short
QFEX COPPER-USD	+0.0004%	1h	6.8040	−0.034%	$1.5M	$137K	20x	as long as short
Lighter XCUshort	+0.0040%	1h	6.8158	+0.139%	$477K	$45K	20x
tradeXYZ xyz:COPPER	+0.0043%	1h	6.7998	−0.096%	$10.4M	$5.0M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8027	−0.054%	—	$82K	25x	as long as short
Paradex XCU-USD-PERPlong	+0.0050%	8h	6.8063	long leg	$1K	$3K	5x
SoDEX COPPER-USD	+0.0050%	1h	6.8031	−0.048%	$901	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8020	−0.064%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8046	−0.026%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8050	−0.020%	$258K	$25K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8120	+0.083%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8040	−0.034%	$311	—	10x	as long as short
Phoenix COPPER	+0.0118%	1h	6.8053	−0.015%	$45K	$30K	20x	as long as short
Extended XCU-USD	+0.0376%	1h	6.8033	−0.045%	$228K	$3.0M	20x	as long as short