Funding you earn now, next payment 23:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.083%
Price spread now: Lighter against Variational Omni+0.092%7-day average +0.189% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.256%−$26 on $10k
+Price spread, last 4 days (all we have)−0.123%−$12 · spread now +0.092%, 7d avg +0.189%
=Together, before fees−0.379%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board−$38 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.097% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.092% now, against its 7-day average of +0.189%). If the spread goes back, that is −$10 on $10k: about 10 days of funding at the current rate (+$1 a day). Mind the row above: over the last 3 days funding on this pair cost −0.256%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni COPPER | 6.7969 | 0 | get 0.0000% / 4h | 1h 45m | $736K | $1.6M | — |
| Short | Lighter XCU | 6.8031 | 0.0032 | get 0.0004% / 1h | 45m 24s | $476K | $45K | 20x |
Variational Omni COPPER
Lighter XCUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Variational Omni. 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
- $6.72
- Price spread: +0.092% → +0.189%
- −$9.75
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$3.03
- Costs to cover
- 0.000%
- Break-even
- 10.2 days
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Lighter: live order book, 30 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 Variational Omni RFQ quote, 4 min ago | 2.98 bp | doesn't fit | 10.8 bp −$108 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 30 min ago | 2.35 bp | 19.0 bp −$19 | 24.3 bp −$243 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COPPER-USDT | −0.0043% | 4h | 6.7940 | −0.042% | $87K | $149K | 100x | as long as short |
| QFEX COPPER-USD | −0.0015% | 1h | 6.7960 | −0.013% | $1.5M | $135K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0013% | 1h | 6.7947 | −0.032% | $10.4M | $5.8M | 20x | as long as short |
| edgeX COPPERUSDC | −0.0012% | 4h | 6.7960 | −0.012% | $93K | $318K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7971 | +0.004% | $32K | $36K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7980 | +0.017% | $8.9M | $34.6M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7886 | −0.121% | $466K | $1.2M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7830 | −0.204% | $1.3M | $499K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7980 | +0.017% | $27.0M | $5.1M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.7980 | +0.017% | $1.7M | $1.0M | 100x | as long as short |
BloFin COPPER-USDT
QFEX COPPER-USD
tradeXYZ xyz:COPPER
edgeX COPPERUSDC
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni COPPERlong | 0.0000% | 4h | 6.7969 | long leg | $736K | $1.6M | — | |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.7969 | +0.001% | $90K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7980 | +0.017% | — | $7.7M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.7990 | +0.032% | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7940 | −0.042% | $4.2M | $81K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.7947 | −0.031% | $176K | — | 10x | as long as short |
| Lighter XCUshort | +0.0032% | 1h | 6.8031 | +0.092% | $476K | $45K | 20x | |
| Extended XCU-USD | +0.0032% | 1h | 6.7944 | −0.036% | $229K | $2.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7937 | −0.046% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7972 | +0.005% | $1K | $3K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7928 | −0.060% | $900 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7927 | −0.061% | $56K | $32K | 15x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0060% | 1h | 6.7961 | −0.011% | $26K | $176K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7962 | −0.010% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7960 | −0.013% | $258K | $26K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8030 | +0.090% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7970 | +0.002% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0329% | 1h | 6.7967 | −0.002% | $45K | $30K | 20x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
Extended XCU-USD
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER