Funding you earn now, next payment 02:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.082%
Price spread now: Lighter against BloFin+0.018%660s7-day average +0.177% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$490.490% of the position
Funding, last 7 days+0.044%+$4 on $10k
+Price spread, last 3 days (all we have)+0.140%+$14 · spread now +0.018%, 7d avg +0.177%
=Together, before fees+0.183%+ Points / potential airdropLighter: Season 3 · farm board+$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.160% cheaper against BloFin than usual: you would sell low and buy high (spread +0.018% now, against its 7-day average of +0.177%). If the spread goes back, that is −$16 on $10k: about 5.4 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.044% in total) that is about 26 days. The two prices were read 660 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 | BloFin COPPER-USDT | 6.8050 | −0.0051 | get 0.0026% / 4h | 2h 38m | $88K | $144K | 100x |
| Short | Lighter XCU | 6.8062 | 0.0048 | get 0.0006% / 1h | 38m 06s | $476K | $39K | 20x |
BloFin COPPER-USDT
Lighter XCUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BloFin. 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
- $20.88
- Price spread: +0.018% → +0.177%
- −$15.97
- Slippage, 4 orders
- −$36.96
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$44.05
- Costs to cover
- 0.490%
- Break-even
- 21.8 days
Slippage from BloFin: live order book, 13 min ago; Lighter: live order book, 22 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 BloFin live order book, 13 min ago | 4.41 bp | 10.9 bp −$11 | 13.8 bp −$138 | 42.1 bp −$4,209 | doesn't fit |
| Sell Lighter live order book, 22 min ago | 2.57 bp | 19.4 bp −$19 | 24.0 bp −$240 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCUUSD | −0.1015% | 1h | 6.7944 | −0.156% | $32K | $175K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0140% | 1h | 6.7901 | −0.219% | $10.4M | $4.8M | 20x | as long as short |
| BloFin COPPER-USDTlong | −0.0051% | 4h | 6.8050 | long leg | $88K | $144K | 100x | |
| Aster XCUUSDT | 0.0000% | 4h | 6.7952 | −0.145% | $32K | $35K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7960 | −0.132% | $9.1M | $32.3M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7973 | −0.113% | $472K | $941K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7820 | −0.338% | $1.3M | $478K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7950 | −0.147% | $26.9M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.7980 | −0.103% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.7974 | −0.111% | $741K | $1.4M | — | as long as short |
Kraken Futures PF_XCUUSD
tradeXYZ xyz:COPPER
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPERShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8000 | −0.073% | $95K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7970 | −0.118% | — | $6.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.7980 | −0.103% | $61K | $26K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7900 | −0.220% | $4.2M | $74K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.7934 | −0.170% | $176K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0006% | 1h | 6.7970 | −0.118% | $1.5M | $129K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0009% | 4h | 6.7994 | −0.082% | $94K | $317K | 20x | as long as short |
| Phoenix COPPER | +0.0035% | 1h | 6.7967 | −0.122% | $45K | $30K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7952 | −0.144% | — | $82K | 25x | as long as short |
| Lighter XCUshort | +0.0048% | 1h | 6.8062 | +0.018% | $476K | $39K | 20x | |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7979 | −0.104% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7938 | −0.165% | $900 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7986 | −0.094% | $56K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7973 | −0.112% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7970 | −0.118% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8010 | −0.059% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7943 | −0.157% | $311 | — | 10x | as long as short |
| Extended XCU-USD | +0.0416% | 1h | 6.7938 | −0.165% | $229K | $2.9M | 20x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
edgeX COPPERUSDC
Phoenix COPPER
Vest HG-PERP
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Extended XCU-USD