Funding you earn now, next payment 02:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.008%
Price spread now: Lighter against Vest+0.178%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVest: Active · Lighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.178% dearer against Vest than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest HG-PERP | 6.7986 | 0.0046 | pay 0.0006% / 1h | 45m 28s | — | $82K | 25x |
| Short | Lighter XCU | 6.8107 | 0.0064 | get 0.0008% / 1h | 45m 28s | $477K | $39K | 20x |
Vest HG-PERP
Lighter XCUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Vest. 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
- $3.85
- Price spread: +0.178% → 0.000%
- $17.8
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $19.64
- Costs to cover
- 0.020%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; Lighter: live order book, 14 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 Vest no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 14 min ago | 2.57 bp | 19.4 bp −$19 | 24.0 bp −$240 | doesn't fit | doesn't fit |
Vest: 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 | −0.1014% | 1h | 6.8008 | +0.032% | $32K | $175K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0135% | 1h | 6.7950 | −0.053% | $10.4M | $4.8M | 20x | as long as short |
| BloFin COPPER-USDT | −0.0051% | 4h | 6.8050 | +0.094% | $88K | $144K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8017 | +0.045% | $32K | $35K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8010 | +0.035% | $9.1M | $32.3M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8025 | +0.057% | $472K | $944K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7890 | −0.141% | $1.3M | $478K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8000 | +0.021% | $27.0M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8030 | +0.065% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8014 | +0.042% | $741K | $1.4M | — | as long as short |
Kraken Futures PF_XCUUSD
tradeXYZ xyz:COPPER
BloFin COPPER-USDT
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
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 | 6.8060 | +0.109% | $95K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8020 | +0.050% | — | $6.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8030 | +0.065% | $61K | $26K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7900 | −0.126% | $4.2M | $75K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.7992 | +0.009% | $176K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0002% | 4h | 6.7983 | −0.005% | $94K | $319K | 20x | as long as short |
| QFEX COPPER-USD | +0.0006% | 1h | 6.8010 | +0.035% | $1.5M | $129K | 20x | as long as short |
| Phoenix COPPER | +0.0035% | 1h | 6.7977 | −0.013% | $45K | $30K | 20x | as long as short |
| Vest HG-PERPlong | +0.0046% | 1h | 6.7986 | long leg | — | $82K | 25x | |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8013 | +0.040% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7996 | +0.015% | $900 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7972 | −0.021% | $56K | $55K | 15x | as long as short |
| Lighter XCUshort | +0.0064% | 1h | 6.8107 | +0.178% | $477K | $39K | 20x | |
| Pacifica COPPER | +0.0100% | 1h | 6.7995 | +0.013% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8010 | +0.035% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8070 | +0.124% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8009 | +0.033% | $311 | — | 10x | as long as short |
| Extended XCU-USD | +0.0424% | 1h | 6.7986 | 0.000% | $229K | $2.9M | 20x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
Phoenix COPPER
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Extended XCU-USD