COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.09 per $10,000 · paid last 24h +0.008%

Price spread now: Pacifica against Lighter−0.137%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm boardneeds both histories

Funding pays, the price is against you. Pacifica is 0.137% cheaper against Lighter than usual: you would sell low and buy high (spread −0.137% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 6.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XCU	6.8385	0.0032	pay 0.0004% / 1h	45m 47s	$478K	$40K	20x
Short	Pacifica COPPER	6.8291	0.0100	get 0.0013% / 1h	45m 47s	$23K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee PacificabpOrdersPrice spread, now −0.137%Rate

Funding earned: $14.28
Price spread: −0.137% → 0.000%: −$13.71
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$7.43
Costs to cover: 0.080%
Break-even: 10.6 days

Slippage unknown: Lighter: live order book, 64 min ago; Pacifica: no order-book sample. Net counts fees only.

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, 64 min ago	2.48 bp	11.3 bp −$11	32.2 bp −$322	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: 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 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
Kraken Futures PF_XCUUSD	−0.0404%	1h	6.8249	−0.198%	$35K	$176K	20x	as long as short
tradeXYZ xyz:COPPER	−0.0089%	1h	6.8257	−0.187%	$10.5M	$4.8M	20x	as long as short
BloFin COPPER-USDT	−0.0004%	4h	6.8270	−0.168%	$88K	$144K	100x	as long as short
QFEX COPPER-USD	−0.0003%	1h	6.8280	−0.154%	$1.5M	$129K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8301	−0.122%	$32K	$27K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8270	−0.168%	$9.1M	$33.0M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8279	−0.155%	$481K	$961K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8080	−0.446%	$1.3M	$497K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8270	−0.168%	$25.8M	$4.3M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8280	−0.154%	$2.5M	$1.7M	100x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni COPPER	0.0000%	4h	6.8273	−0.164%	$743K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8252	−0.195%	$88K	$2.2M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8280	−0.154%	—	$6.6M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8300	−0.124%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8180	−0.300%	$4.2M	$78K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8289	−0.140%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0005%	4h	6.8237	−0.217%	$95K	$319K	20x	as long as short
Lighter XCUlong	+0.0032%	1h	6.8385	long leg	$478K	$40K	20x
Extended XCU-USD	+0.0032%	1h	6.8272	−0.166%	$266K	$2.6M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8289	−0.140%	—	$82K	25x	as long as short
Phoenix COPPER	+0.0047%	1h	6.8294	−0.133%	$45K	$23K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8258	−0.186%	$2K	$2K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8265	−0.175%	$904	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8302	−0.121%	$57K	$55K	15x	as long as short
Pacifica COPPERshort	+0.0100%	1h	6.8291	−0.137%	$23K	$14K	10x
KuCoin COPPERUSDTM	+0.0100%	4h	6.8260	−0.183%	$291K	$32K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8340	−0.066%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8271	−0.166%	$312	—	10x	as long as short