COPPER

Alert

Funding spread now, next payment 19:00 UTC−0.0031%/8h

next payment, per $10,000−$0.04paid, last 24h−0.017%paid, last 21 hours+0.174%to open and close $10k−$467

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XCU	6.7885	0.0032	pay 0.0004% / 1h	17m 31s	$475K	$45K	20x
Short	gTrade (Gains Network) HG/USD	6.7755	L +0.0002% / S −0.0001%	get 0.0000% / 1h	17m 31s	$176K	—	250x

Funding history

latest

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latest

Position, each leg$Hold fordaysFee LighterbpFee gTrade (Gains Network)bpOrdersRate

Slippage from Lighter: live order book, 9 min ago; gTrade (Gains Network): virtual book (oracle venue), 58 min ago.

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

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

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, 9 min ago	2.95 bp	13.0 bp −$13	34.7 bp −$347	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 58 min ago	130.00 bp	213.6 bp −$214	1617.5 bp −$16.2K	doesn't fit	doesn't fit

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
tradeXYZ xyz:COPPER	−0.0066%	1h	$10.5M	$5.8M	20x	as long as short
Phoenix COPPER	−0.0036%	1h	$43K	$28K	20x	as long as short
edgeX COPPERUSDC	−0.0008%	4h	$93K	$318K	20x	as long as short
BloFin COPPER-USDT	−0.0004%	4h	$89K	$140K	100x	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	$541K	$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	$25.5M	$4.1M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	$768K	$1.6M	—	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SunX COPPER-USDT	0.0000%	4h	—	$7.9M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	$60K	$28K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	$4.2M	$79K	100x	as long as short
gTrade (Gains Network) HG/USDshort	L +0.0002% / S −0.0001%	1h	$176K	—	250x
QFEX COPPER-USD	+0.0007%	1h	$1.5M	$91K	20x	as long as short
Lighter XCUlong	+0.0032%	1h	$475K	$45K	20x
Extended XCU-USD	+0.0032%	1h	$265K	$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	$897	$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	$21K	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	$47K	20x	as long as short