COPPER

Alert

Funding spread now, next payment 17:00 UTC−0.0160%/8h

paid, last 24h−0.016%paid, last 5 days+0.170%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XCU	6.7761	0.0160	pay 0.0020% / 1h	11m 20s	$474K	$43K	20x
Short	HTX COPPER-USDT	6.7690	0	get 0.0000% / 4h	3h 11m	$60K	$29K	75x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee HTXbpOrdersRate

Funding earned: −$33.6
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$45.6
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 25 min ago; HTX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.105%
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 Lighter live order book, 25 min ago	0.88 bp	11.3 bp −$11	41.0 bp −$410	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

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
edgeX COPPERUSDC	−0.0002%	4h	$93K	$316K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	$32K	$52K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	$9.0M	$34.0M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	$538K	$1.1M	50x	as long as short
Gate XCU_USDT	0.0000%	8h	$1.3M	$517K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	$25.7M	$4.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	$748K	$1.5M	—	as long as short
SunX COPPER-USDT	0.0000%	4h	—	$7.9M	20x	as long as short
HTX COPPER-USDTshort	0.0000%	4h	$60K	$29K	75x
Phemex COPPERUSDT	0.0000%	4h	$4.2M	$75K	100x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	$176K	—	250x	as long as short
QFEX COPPER-USD	+0.0011%	1h	$1.5M	$51K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	$258K	$2.7M	20x	as long as short
Bitget COPPERUSDT	+0.0032%	4h	$1.7M	$1.0M	100x	as long as short
Vest HG-PERP	+0.0046%	1h	—	$82K	25x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	$10.4M	$5.6M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	$895	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	$62K	$16K	15x	as long as short
Paradex XCU-USD-PERP	+0.0052%	8h	$1K	$3K	5x	as long as short
BloFin COPPER-USDT	+0.0058%	4h	$89K	$133K	100x	as long as short
Phoenix COPPER	+0.0059%	1h	$43K	$28K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	$25K	$12K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	$257K	$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	$309	—	10x	as long as short
Lighter XCUlong	+0.0160%	1h	$474K	$43K	20x
Kraken Futures PF_XCUUSD	+0.0189%	1h	$26K	$73K	20x	as long as short