Funding you earn now, next payment 08:00 UTC−0.0135%/8h= −14.8% APRpaid last 24h −0.057%
Price spread now: BloFin against Lighter−0.137%7-day average −0.175% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$400.398% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.137%, 7d avg −0.175%
=Together, before fees−0.031%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.037% dearer against Lighter than usual: you sell high and buy low (spread −0.137% now, against its 7-day average of −0.175%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.011% in total) that is about 25 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XCU | 6.8364 | 0.0152 | pay 0.0019% / 1h | 2m 23s | $478K | $27K | 20x |
| Short | BloFin COPPER-USDT | 6.8270 | 0.0017 | get 0.0009% / 4h | 2m 23s | $88K | $144K | 100x |
Lighter XCU
BloFin COPPER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Lighter. 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
- −$28.31
- Price spread: −0.137% → −0.175%
- $3.73
- Slippage, 4 orders
- −$27.83
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$64.4
- Costs to cover
- 0.398%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 27 min ago; BloFin: live order book, 65 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 Lighter live order book, 27 min ago | 6.44 bp | 14.9 bp −$15 | 38.4 bp −$384 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 65 min ago | 1.47 bp | 7.5 bp −$7 | 10.0 bp −$100 | 44.0 bp −$4,404 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XCUUSDT | 0.0000% | 4h | 6.8262 | −0.150% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8260 | −0.153% | $9.0M | $33.3M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8219 | −0.212% | $496K | $975K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8110 | −0.372% | $1.3M | $530K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8250 | −0.167% | $26.7M | $5.4M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8240 | −0.181% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8246 | −0.173% | $765K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8276 | −0.129% | $89K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8270 | −0.137% | — | $6.0M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8270 | −0.137% | $61K | $24K | 75x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8170 | −0.284% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8255 | −0.159% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0012% | 4h | 6.8259 | −0.153% | $95K | $319K | 20x | as long as short |
| QFEX COPPER-USD | +0.0017% | 1h | 6.8230 | −0.196% | $1.5M | $140K | 20x | as long as short |
| BloFin COPPER-USDTshort | +0.0017% | 4h | 6.8270 | −0.137% | $88K | $144K | 100x | |
| Extended XCU-USD | +0.0032% | 1h | 6.8237 | −0.185% | $274K | $2.0M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8232 | −0.193% | — | $82K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8204 | −0.234% | $10.6M | $5.0M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8235 | −0.189% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8243 | −0.177% | $2K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8210 | −0.225% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8240 | −0.181% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8250 | −0.167% | $278K | $36K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8310 | −0.079% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8246 | −0.172% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0106% | 1h | 6.8218 | −0.214% | $45K | $22K | 20x | as long as short |
| Lighter XCUlong | +0.0152% | 1h | 6.8364 | long leg | $478K | $27K | 20x | |
| Kraken Futures PF_XCUUSD | +0.0358% | 1h | 6.8247 | −0.171% | $34K | $178K | 20x | as long as short |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
Extended XCU-USD
Vest HG-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD