COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.03 per $10,000 · paid last 24h +0.024%

Price spread now: Lighter against QFEX+0.163%52s7-day average +0.189% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$430.429% of the position

Long on QFEX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.313%−$31 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.163%, 7d avg +0.189%

Together, before fees−0.333%+ Points / potential airdropLighter: Season 3 · farm board−$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.026% cheaper against QFEX than usual: you would sell low and buy high (spread +0.163% now, against its 7-day average of +0.189%). If the spread goes back, that is −$3 on $10k: about 3.8 days of funding at the current rate (+$1 a day). Mind the row above: over the last 4 days funding on this pair cost −0.313%, so the current rate has only just turned in your favour. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX COPPER-USD	6.8210	0.0009	pay 0.0001% / 1h	35m 45s	$1.5M	$129K	20x
Short	Lighter XCU	6.8321	0.0032	get 0.0004% / 1h	35m 45s	$477K	$40K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against QFEX. 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 QFEXbpFee LighterbpOrdersPrice spread, now +0.163%Rate

Funding earned: $4.79
Price spread: +0.163% → +0.189%: −$2.58
Slippage, 4 orders: −$32.86
Fee QFEX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$40.65
Costs to cover: 0.429%
Break-even: 66.4 days

Slippage from QFEX: live order book, 11 min ago; Lighter: live order book, 14 min ago.

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 QFEX live order book, 11 min ago	2.20 bp	8.7 bp −$9	11.5 bp −$115	doesn't fit	doesn't fit
Sell Lighter live order book, 14 min ago	2.48 bp	14.3 bp −$14	18.6 bp −$186	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	6.8207	−0.004%	$32K	$27K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8209	−0.001%	$9.0M	$32.5M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8187	−0.034%	$473K	$954K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8080	−0.191%	$1.3M	$495K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8200	−0.015%	$26.0M	$4.2M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8220	+0.015%	$1.7M	$986K	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8203	−0.010%	$742K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8300	+0.132%	$91K	$2.1M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8220	+0.015%	—	$6.6M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8270	+0.088%	$61K	$24K	75x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex COPPERUSDT	0.0000%	4h	6.8150	−0.088%	$4.2M	$76K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8196	−0.020%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0003%	4h	6.8271	+0.089%	$95K	$318K	20x	as long as short
QFEX COPPER-USDlong	+0.0009%	1h	6.8210	long leg	$1.5M	$129K	20x
BloFin COPPER-USDT	+0.0032%	4h	6.8240	+0.044%	$88K	$144K	100x	as long as short
Lighter XCUshort	+0.0032%	1h	6.8321	+0.163%	$477K	$40K	20x
Vest HG-PERP	+0.0046%	1h	6.8200	−0.015%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8189	−0.031%	$2K	$2K	5x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8185	−0.037%	$10.5M	$4.8M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8188	−0.032%	$903	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8146	−0.094%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8210	+0.001%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8200	−0.015%	$258K	$21K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8280	+0.103%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8203	−0.010%	$312	—	10x	as long as short
Phoenix COPPER	+0.0164%	1h	6.8274	+0.094%	$45K	$23K	20x	as long as short
Kraken Futures PF_XCUUSD	+0.0291%	1h	6.8166	−0.064%	$34K	$176K	20x	as long as short
Extended XCU-USD	+0.0720%	1h	6.8197	−0.020%	$263K	$2.8M	20x	as long as short