COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h −0.013%

Price spread now: Vest against Lighter−0.169%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 Vest

What this pair did over the last

the charts below follow

Funding, last 4 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 · Vest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.169% cheaper against Lighter than usual: you would sell low and buy high (spread −0.169% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 41 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XCU	6.8522	0.0032	pay 0.0004% / 1h	44m 50s	$480K	$25K	20x
Short	Vest HG-PERP	6.8406	0.0046	get 0.0006% / 1h	44m 50s	—	$36K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.169%Rate

Funding earned: $2.87
Price spread: −0.169% → 0.000%: −$16.93
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: −$16.06
Costs to cover: 0.020%
Break-even: 46.1 days

Slippage unknown: Lighter: live order book, 62 min ago; Vest: 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, 62 min ago	2.48 bp	13.7 bp −$14	32.6 bp −$326	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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 exchanges

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
BloFin COPPER-USDT	−0.0016%	4h	6.8450	−0.105%	$89K	$158K	100x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8463	−0.086%	$35K	$31K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8453	−0.101%	$9.0M	$32.0M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8378	−0.210%	$512K	$806K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8310	−0.309%	$1.3M	$181K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8440	−0.120%	$26.3M	$5.6M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8420	−0.149%	$3.6M	$1.9M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8428	−0.138%	$774K	$538K	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8465	−0.083%	$92K	$2.3M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8440	−0.120%	—	$4.8M	20x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX COPPER-USDT	0.0000%	4h	6.8480	−0.061%	$61K	$71K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8390	−0.193%	$4.2M	$82K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8425	−0.141%	$178K	—	250x	as long as short
QFEX COPPER-USD	+0.0011%	1h	6.8420	−0.149%	$1.5M	$150K	20x	as long as short
edgeX COPPERUSDC	+0.0011%	4h	6.8449	−0.106%	$95K	$321K	20x	as long as short
Lighter XCUlong	+0.0032%	1h	6.8522	long leg	$480K	$25K	20x
Extended XCU-USD	+0.0032%	1h	6.8433	−0.131%	$271K	$1.7M	20x	as long as short
Vest HG-PERPshort	+0.0046%	1h	6.8406	−0.169%	—	$36K	25x
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8425	−0.142%	$10.8M	$3.8M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8427	−0.139%	$906	$6K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8394	−0.187%	$2K	$825	5x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8432	−0.131%	$59K	$52K	15x	as long as short
Phoenix COPPER	+0.0093%	1h	6.8443	−0.115%	$44K	$18K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8403	−0.174%	$24K	$13K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8460	−0.090%	$267K	$39K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8510	−0.018%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8433	−0.130%	$313	—	10x	as long as short
Kraken Futures PF_XCUUSD	+0.0337%	1h	6.8447	−0.109%	$34K	$180K	20x	as long as short