Funding you earn now, next payment 07:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.060%
Price spread now: Variational Omni against Lighter−0.135%7-day average −0.185% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.252%+$25 on $10k
+Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.135%, 7d avg −0.185%
=Together, before fees+0.368%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board+$37 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.050% dearer against Lighter than usual: you sell high and buy low (spread −0.135% now, against its 7-day average of −0.185%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 38 hours. Mind the row above: over the last 4 days funding on this pair paid +0.252%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XCU | 6.8195 | 0.0104 | pay 0.0013% / 1h | 18m 31s | $477K | $42K | 20x |
| Short | Variational Omni COPPER | 6.8103 | 0 | get 0.0000% / 4h | 1h 18m | $748K | $1.4M | — |
Lighter XCU
Variational Omni COPPERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$21.84
- Price spread: −0.135% → −0.185%
- $5
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$16.84
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 16 min ago; Variational Omni: RFQ quote, 1 min ago. 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, 16 min ago | 2.86 bp | 10.3 bp −$10 | 29.6 bp −$296 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 2.98 bp | doesn't fit | 9.2 bp −$92 | doesn't fit | 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 | 6.8087 | −0.159% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8100 | −0.139% | $9.0M | $33.9M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8049 | −0.214% | $486K | $989K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7950 | −0.359% | $1.3M | $523K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8090 | −0.154% | $26.2M | $5.0M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8100 | −0.139% | $2.9M | $2.0M | 100x | as long as short |
| Variational Omni COPPERshort | 0.0000% | 4h | 6.8103 | −0.135% | $748K | $1.4M | — | |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8133 | −0.091% | $88K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8080 | −0.169% | — | $6.4M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8120 | −0.110% | $61K | $24K | 75x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
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 | 6.8080 | −0.169% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8064 | −0.193% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0003% | 1h | 6.8080 | −0.169% | $1.5M | $128K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0017% | 4h | 6.8119 | −0.112% | $94K | $318K | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0025% | 1h | 6.8048 | −0.216% | $10.6M | $5.0M | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8050 | −0.212% | $275K | $2.3M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8044 | −0.221% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8085 | −0.161% | $45K | $22K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0048% | 4h | 6.8070 | −0.183% | $88K | $139K | 100x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8070 | −0.183% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8041 | −0.226% | $4K | $5K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8072 | −0.180% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8060 | −0.198% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8110 | −0.125% | $278K | $37K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8140 | −0.081% | $3K | — | 10x | as long as short |
| Lighter XCUlong | +0.0104% | 1h | 6.8195 | long leg | $477K | $42K | 20x | |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8065 | −0.190% | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0108% | 1h | 6.8082 | −0.166% | $34K | $176K | 20x | as long as short |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
edgeX COPPERUSDC
tradeXYZ xyz:COPPER
Extended XCU-USD
Vest HG-PERP
Phoenix COPPER
BloFin COPPER-USDT
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD