Funding you earn now, next payment 07:00 UTC+0.0078%/8h= +8.6% APRpaid last 24h +0.065%
Price spread now: Lighter against edgeX+0.150%79s7-day average +0.192% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$510.512% of the position
Funding, last 7 days+0.033%+$3 on $10k
+Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.150%, 7d avg +0.192%
=Together, before fees+0.030%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.042% cheaper against edgeX than usual: you would sell low and buy high (spread +0.150% now, against its 7-day average of +0.192%). If the spread goes back, that is −$4 on $10k: about 43 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.033% in total) that is about 9.0 days. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX COPPERUSDC | 6.8103 | 0.0010 | pay 0.0005% / 4h | 1h 26m | $94K | $317K | 20x |
| Short | Lighter XCU | 6.8205 | 0.0088 | get 0.0011% / 1h | 26m 16s | $477K | $42K | 20x |
edgeX COPPERUSDC
Lighter XCUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against edgeX. 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
- $16.43
- Price spread: +0.150% → +0.192%
- −$4.21
- Slippage, 4 orders
- −$42.2
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$38.98
- Costs to cover
- 0.512%
- Break-even
- 23.6 days
Slippage from edgeX: live order book, 17 min ago; Lighter: live order book, 9 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 edgeX live order book, 17 min ago | 7.34 bp | 12.6 bp −$13 | 24.1 bp −$241 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 9 min ago | 2.86 bp | 15.3 bp −$15 | 22.6 bp −$226 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COPPER-USDT | −0.0052% | 4h | 6.8100 | −0.004% | $88K | $139K | 100x | as long as short |
| tradeXYZ xyz:COPPER | −0.0002% | 1h | 6.8053 | −0.073% | $10.6M | $5.0M | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8106 | +0.005% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8110 | +0.010% | $9.1M | $33.9M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8074 | −0.042% | $493K | $981K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7960 | −0.210% | $1.3M | $523K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8090 | −0.019% | $26.2M | $5.0M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8080 | −0.033% | $2.9M | $2.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8063 | −0.058% | $734K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8090 | −0.019% | $98K | $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 | 6.8100 | −0.004% | — | $6.4M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8140 | +0.055% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8110 | +0.011% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8058 | −0.066% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0003% | 1h | 6.8100 | −0.004% | $1.5M | $129K | 20x | as long as short |
| edgeX COPPERUSDClong | +0.0010% | 4h | 6.8103 | long leg | $94K | $317K | 20x | |
| Extended XCU-USD | +0.0032% | 1h | 6.8063 | −0.058% | $275K | $2.3M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8064 | −0.057% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8066 | −0.054% | $45K | $22K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8080 | −0.034% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8053 | −0.073% | $4K | $5K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8102 | −0.001% | $57K | $55K | 15x | as long as short |
| Lighter XCUshort | +0.0088% | 1h | 6.8205 | +0.150% | $477K | $42K | 20x | |
| Pacifica COPPER | +0.0100% | 1h | 6.8065 | −0.055% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8120 | +0.025% | $278K | $37K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8150 | +0.069% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8088 | −0.022% | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0108% | 1h | 6.8096 | −0.009% | $34K | $176K | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
Extended XCU-USD
Vest HG-PERP
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
Kraken Futures PF_XCUUSD