Settings8H · net · $10k
Funding arb · Price arb /

COPPER

RWAall COPPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.022%
Price spread now: Lighter against SunX+0.148%7-day average +0.187% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.193%−$19 on $10k
Price spread, last 4 days (all we have)−0.145%−$14 · spread now +0.148%, 7d avg +0.187%
Together, before fees−0.338%+ Points / potential airdropLighter: Season 3 · farm board−$34 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.039% cheaper against SunX than usual: you would sell low and buy high (spread +0.148% now, against its 7-day average of +0.187%). If the spread goes back, that is −$4 on $10k: about 44 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.193%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX COPPER-USDT6.82600get 0.0000% / 4h1h 26m$6.7M20x
ShortLighter XCU6.83610.0072get 0.0009% / 1h26m 15s$478K$39K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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

Funding earned
$15.12
Price spread: +0.148% → +0.187%
−$3.93
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
$3.19
Costs to cover
0.080%
Break-even
5.5 days
Slippage unknown: SunX: live order book, 13 min ago; Lighter: live order book, 29 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 13 min ago46.24 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 29 min ago2.12 bp14.2 bp −$1419.5 bp −$195doesn't fitdoesn't fit

COPPER on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX COPPER-USD0.0000%1h6.8230−0.044%$1.5M$129K20xas long as short
Aster XCUUSDT0.0000%4h6.8255−0.008%$32K$21K50xas long as short
Binance COPPERUSDT0.0000%4h6.8258−0.003%$9.1M$32.4M100xas long as short
OKX XCU-USDT-SWAP0.0000%8h6.8224−0.053%$470K$946K50xas long as short
Gate XCU_USDT0.0000%8h6.8070−0.278%$1.3M$491K100xas long as short
MEXC COPPER_USDT0.0000%4h6.8240−0.029%$26.1M$4.2M100xas long as short
Bitget COPPERUSDT0.0000%4h6.8280+0.029%$1.7M$984K100xas long as short
Variational Omni COPPER0.0000%4h6.8181−0.116%$742K$1.4Mas long as short
GRVT COPPER_USDT_Perp0.0000%4h6.8215−0.067%$94K$2.1M25xas long as short
SunX COPPER-USDTlong0.0000%4h6.8260long leg$6.7M20x
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX COPPER-USDT0.0000%4h6.8280+0.029%$61K$24K75xas long as short
Phemex COPPERUSDT0.0000%4h6.8080−0.264%$4.2M$75K100xas long as short
gTrade (Gains Network) HG/USDL +0.0002% / S −0.0001%1h6.8237−0.033%$178K250xas long as short
edgeX COPPERUSDC+0.0003%4h6.8180−0.117%$94K$320K20xas long as short
Phoenix COPPER+0.0012%1h6.8188−0.105%$45K$23K20xas long as short
BloFin COPPER-USDT+0.0012%4h6.8230−0.044%$88K$143K100xas long as short
Vest HG-PERP+0.0046%1h6.8229−0.045%$82K25xas long as short
Paradex XCU-USD-PERP+0.0050%8h6.8238−0.032%$2K$2K5xas long as short
tradeXYZ xyz:COPPER+0.0050%1h6.8230−0.044%$10.5M$4.8M20xas long as short
SoDEX COPPER-USD+0.0050%1h6.8225−0.051%$903$3K20xas long as short
Ondo Perps COPPER-USD.P+0.0050%1h6.8138−0.179%$57K$55K15xas long as short
Lighter XCUshort+0.0072%1h6.8361+0.148%$478K$39K20x
Pacifica COPPER+0.0100%1h6.8244−0.023%$23K$14K10xas long as short
KuCoin COPPERUSDTM+0.0100%4h6.8250−0.015%$259K$21K50xas long as short
Orderly PERP_COPPER_USDC_mythos+0.0100%8h6.8300+0.059%$3K10xas long as short
Aevo COPPER-PERP+0.0104%1h6.8248−0.018%$31210xas long as short
Kraken Futures PF_XCUUSD+0.0195%1h6.8241−0.027%$32K$176K20xas long as short
Extended XCU-USD+0.0672%1h6.8236−0.036%$227K$2.8M20xas long as short