COPPER

Alert

Funding spread now, next payment 19:00 UTC+0.0032%/8h

paid, last 24h+0.017%paid, last 5 days−0.173%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX COPPER-USDT	6.7840	0	get 0.0000% / 4h	1h 00m	$60K	$28K	75x
Short	Lighter XCU	6.7894	0.0032	get 0.0004% / 1h	0m 19s	$475K	$46K	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee LighterbpOrdersRate

Funding earned: $6.72
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$5.28
Break-even: 12.5 days

Slippage unknown: HTX: no order-book sample; Lighter: live order book, 26 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.080%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 HTX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 26 min ago	2.95 bp	11.1 bp −$11	14.1 bp −$141	doesn't fit	doesn't fit

HTX: 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 27 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phoenix COPPER	−0.0036%	1h	$45K	$28K	20x	as long as short
edgeX COPPERUSDC	−0.0006%	4h	$93K	$318K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	$32K	$52K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	$9.0M	$34.5M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	$542K	$1.1M	50x	as long as short
Gate XCU_USDT	0.0000%	8h	$1.3M	$524K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	$25.6M	$4.2M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	$753K	$1.6M	—	as long as short
SunX COPPER-USDT	0.0000%	4h	—	$7.9M	20x	as long as short
HTX COPPER-USDTlong	0.0000%	4h	$60K	$28K	75x

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex COPPERUSDT	0.0000%	4h	$4.2M	$79K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	$176K	—	250x	as long as short
tradeXYZ xyz:COPPER	+0.0006%	1h	$10.5M	$5.8M	20x	as long as short
QFEX COPPER-USD	+0.0007%	1h	$1.5M	$89K	20x	as long as short
BloFin COPPER-USDT	+0.0019%	4h	$89K	$144K	100x	as long as short
Lighter XCUshort	+0.0032%	1h	$475K	$46K	20x
Extended XCU-USD	+0.0032%	1h	$239K	$2.9M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	—	$82K	25x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	$898	$3K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	$1K	$3K	5x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	$62K	$20K	15x	as long as short
Bitget COPPERUSDT	+0.0060%	4h	$1.7M	$1.0M	100x	as long as short
Pacifica COPPER	+0.0100%	1h	$25K	$11K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	$258K	$25K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	$310	—	10x	as long as short
Kraken Futures PF_XCUUSD	+0.0596%	1h	$26K	$141K	20x	as long as short