Funding you earn now, next payment 07:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h +0.039%
Price spread now: Lighter against Bitget+0.173%7-day average +0.165% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$480.483% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.067%−$7 · spread now +0.173%, 7d avg +0.165%
=Together, before fees−0.068%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.165%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget COPPERUSDT | 6.8090 | 0 | get 0.0000% / 4h | 1h 01m | $2.9M | $2.0M | 100x |
| Short | Lighter XCU | 6.8208 | 0.0136 | get 0.0017% / 1h | 1m 51s | $477K | $42K | 20x |
Bitget COPPERUSDT
Lighter XCUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bitget. 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
- $28.56
- Price spread: +0.173% → +0.165%
- $0.82
- Slippage, 4 orders
- −$36.26
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$18.88
- Costs to cover
- 0.483%
- Break-even
- 11.6 days
Slippage from Bitget: live order book, 1 min ago; Lighter: live order book, 33 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 Bitget live order book, 1 min ago | 1.47 bp | 11.2 bp −$11 | 23.0 bp −$230 | 89.1 bp −$8,911 | doesn't fit |
| Sell Lighter live order book, 33 min ago | 2.86 bp | 15.3 bp −$15 | 22.6 bp −$226 | 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 | 6.8078 | −0.017% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8094 | +0.005% | $9.0M | $34.1M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8050 | −0.059% | $488K | $997K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7970 | −0.176% | $1.3M | $531K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8090 | 0.000% | $26.1M | $5.0M | 100x | as long as short |
| Bitget COPPERUSDTlong | 0.0000% | 4h | 6.8090 | long leg | $2.9M | $2.0M | 100x | |
| Variational Omni COPPER | 0.0000% | 4h | 6.8113 | +0.034% | $749K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8131 | +0.061% | $86K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8090 | 0.000% | — | $6.4M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8080 | −0.015% | $61K | $24K | 75x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Variational Omni COPPER
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 | 6.8090 | 0.000% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8059 | −0.046% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0003% | 1h | 6.8100 | +0.015% | $1.5M | $128K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0013% | 4h | 6.8070 | −0.029% | $88K | $143K | 100x | as long as short |
| edgeX COPPERUSDC | +0.0019% | 4h | 6.8113 | +0.035% | $94K | $319K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8058 | −0.047% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8097 | +0.010% | $45K | $22K | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8067 | −0.034% | $10.6M | $5.0M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8060 | −0.044% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8063 | −0.040% | $1K | $2K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8018 | −0.106% | $57K | $55K | 15x | as long as short |
| Extended XCU-USD | +0.0072% | 1h | 6.8070 | −0.030% | $272K | $2.3M | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8063 | −0.039% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8100 | +0.015% | $278K | $37K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8140 | +0.073% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8083 | −0.011% | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0108% | 1h | 6.8077 | −0.019% | $34K | $177K | 20x | as long as short |
| Lighter XCUshort | +0.0136% | 1h | 6.8208 | +0.173% | $477K | $42K | 20x |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
BloFin COPPER-USDT
edgeX COPPERUSDC
Vest HG-PERP
Phoenix COPPER
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Extended XCU-USD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD