Funding you earn now, next payment 20:00 UTC+0.0150%/8hnext payment +$0.19 per $10,000 · paid last 24h +0.017%
Price spread now: Lighter against gTrade (Gains Network)+0.180%7-day average +0.097% · 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−$450as in the Price arb table
costs, in and out, $10k−$4584.584% of the position
Funding, last 22 hours (all we have)+0.016%+$2 on $10k
+Price spread, last 3 days (all we have)−0.215%−$21 · spread now +0.180%, 7d avg +0.097%
=Together, before fees−0.199%+ Points / potential airdropLighter: Season 3 · farm board−$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.083% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.097%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) HG/USD | 6.7851 | L +0.0002% / S −0.0001% | pay 0.0000% / 1h | 21m 41s | $176K | — | 250x |
| Short | Lighter XCU | 6.7973 | 0.0152 | get 0.0019% / 1h | 21m 41s | $476K | $46K | 20x |
gTrade (Gains Network) HG/USD
Lighter XCUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against gTrade (Gains Network). 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
- $31.52
- Price spread: +0.180% → +0.097%
- $8.27
- Slippage, 4 orders
- −$448.43
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$418.64
- Costs to cover
- 4.584%
- Break-even
- 100.0 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 7 min ago; Lighter: live order book, 6 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 gTrade (Gains Network) virtual book (oracle venue), 7 min ago | 130.01 bp | 229.7 bp −$230 | 1613.4 bp −$16.1K | 13153.3 bp −$1.32M | doesn't fit |
| Sell Lighter live order book, 6 min ago | 2.21 bp | 3.1 bp −$3 | 5.9 bp −$59 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX COPPERUSDC | −0.0004% | 4h | 6.7885 | +0.050% | $93K | $316K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7861 | +0.015% | $32K | $52K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7910 | +0.087% | $9.0M | $34.7M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7836 | −0.022% | $476K | $1.2M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7750 | −0.149% | $1.3M | $518K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7910 | +0.087% | $25.6M | $4.1M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.7885 | +0.049% | $753K | $1.6M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.7900 | +0.072% | $95K | $2.0M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7920 | +0.101% | — | $7.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.7930 | +0.116% | $60K | $28K | 75x | as long as short |
edgeX COPPERUSDC
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 | 6.7910 | +0.087% | $4.2M | $80K | 100x | as long as short |
| gTrade (Gains Network) HG/USDlong | L +0.0002% / S −0.0001% | 1h | 6.7851 | long leg | $176K | — | 250x | |
| BloFin COPPER-USDT | +0.0010% | 4h | 6.7910 | +0.087% | $89K | $147K | 100x | as long as short |
| QFEX COPPER-USD | +0.0014% | 1h | 6.7900 | +0.072% | $1.5M | $91K | 20x | as long as short |
| Phoenix COPPER | +0.0024% | 1h | 6.7865 | +0.020% | $45K | $30K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.7852 | +0.002% | $240K | $2.9M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7850 | −0.002% | — | $82K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.7867 | +0.023% | $10.5M | $5.8M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7857 | +0.009% | $899 | $3K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7896 | +0.067% | $1K | $3K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7881 | +0.044% | $62K | $20K | 15x | as long as short |
| Bitget COPPERUSDT | +0.0086% | 4h | 6.7910 | +0.087% | $1.7M | $1.0M | 100x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0095% | 1h | 6.7897 | +0.067% | $26K | $209K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7911 | +0.089% | $25K | $11K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.7860 | +0.013% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.7970 | +0.175% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7907 | +0.082% | $310 | — | 10x | as long as short |
| Lighter XCUshort | +0.0152% | 1h | 6.7973 | +0.180% | $476K | $46K | 20x |
Phemex COPPERUSDT
BloFin COPPER-USDT
QFEX COPPER-USD
Phoenix COPPER
Extended XCU-USD
Vest HG-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Bitget COPPERUSDT
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP