Funding you earn now, next payment 22:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.083%
Price spread now: Lighter against Variational Omni+0.174%7-day average +0.189% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.256%−$26 on $10k
+Price spread, last 4 days (all we have)−0.153%−$15 · spread now +0.174%, 7d avg +0.189%
=Together, before fees−0.410%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board−$41 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.189%, 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 3 days funding on this pair cost −0.256%, 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 | Variational Omni COPPER | 6.7852 | 0 | get 0.0000% / 4h | 2h 26m | $752K | $1.6M | — |
| Short | Lighter XCU | 6.7970 | 0.0032 | get 0.0004% / 1h | 26m 57s | $476K | $46K | 20x |
Variational Omni COPPER
Lighter XCUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Variational Omni. 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: +0.174% → +0.189%
- −$1.51
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $5.21
- Costs to cover
- 0.000%
- Break-even
- 1.6 days
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Lighter: live order book, 57 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 Variational Omni RFQ quote, 2 min ago | 2.98 bp | doesn't fit | 20.7 bp −$207 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 57 min ago | 2.13 bp | 4.0 bp −$4 | 8.1 bp −$81 | doesn't fit | doesn't fit |
COPPER on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX COPPER-USD | −0.0130% | 1h | 6.7837 | −0.022% | $898 | $3K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0092% | 1h | 6.7833 | −0.028% | $10.3M | $5.9M | 20x | as long as short |
| BloFin COPPER-USDT | −0.0032% | 4h | 6.7870 | +0.027% | $87K | $148K | 100x | as long as short |
| edgeX COPPERUSDC | −0.0003% | 4h | 6.7852 | 0.000% | $93K | $318K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7895 | +0.064% | $32K | $52K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7865 | +0.020% | $8.9M | $34.9M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7852 | 0.000% | $469K | $1.2M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7780 | −0.106% | $1.3M | $522K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7870 | +0.027% | $25.6M | $4.1M | 100x | as long as short |
| Variational Omni COPPERlong | 0.0000% | 4h | 6.7852 | long leg | $752K | $1.6M | — |
SoDEX COPPER-USD
tradeXYZ xyz:COPPER
BloFin COPPER-USDT
edgeX COPPERUSDC
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.7889 | +0.054% | $89K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7870 | +0.027% | — | $7.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.7900 | +0.071% | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7860 | +0.012% | $4.2M | $82K | 100x | as long as short |
| Lighter XCUshort | +0.0032% | 1h | 6.7970 | +0.174% | $476K | $46K | 20x | |
| Extended XCU-USD | +0.0032% | 1h | 6.7895 | +0.064% | $234K | $2.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7905 | +0.078% | — | $82K | 25x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7772 | −0.118% | $64K | $26K | 15x | as long as short |
| Paradex XCU-USD-PERP | +0.0051% | 8h | 6.7887 | +0.052% | $1K | $3K | 5x | as long as short |
| QFEX COPPER-USD | +0.0053% | 1h | 6.7880 | +0.041% | $1.5M | $138K | 20x | as long as short |
| Bitget COPPERUSDT | +0.0060% | 4h | 6.7840 | −0.018% | $1.6M | $1.1M | 100x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7898 | +0.068% | $23K | $16K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7810 | −0.062% | $259K | $26K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.7930 | +0.115% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7857 | +0.007% | $310 | — | 10x | as long as short |
| Phoenix COPPER | +0.0329% | 1h | 6.7911 | +0.087% | $45K | $30K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0953% | 1h | 6.7824 | −0.041% | $26K | $177K | 20x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
Extended XCU-USD
Vest HG-PERP
Ondo Perps COPPER-USD.P
Paradex XCU-USD-PERP
QFEX COPPER-USD
Bitget COPPERUSDT
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD