Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.022%

Price spread now: Lighter against HTX+0.019%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.178%−$18 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.178%, 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	HTX COPPER-USDT	6.8050	0	get 0.0000% / 4h	45m 12s	$60K	$27K	75x
Short	Lighter XCU	6.8063	0.0032	get 0.0004% / 1h	45m 12s	$476K	$45K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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

Position, each leg$Hold fordaysFee HTXbpFee LighterbpOrdersPrice spread, now +0.019%Rate

Funding earned: $6.72
Price spread: +0.019% → 0.000%: $1.91
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$3.37
Costs to cover: 0.120%
Break-even: 10.5 days

Slippage unknown: HTX: no order-book sample; Lighter: live order book, 25 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 HTX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 25 min ago	3.67 bp	6.0 bp −$6	9.0 bp −$90	doesn't fit	doesn't fit

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0005%	4h	6.8014	−0.052%	$93K	$318K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.7986	−0.095%	$32K	$36K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.7980	−0.103%	$9.0M	$34.5M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.7948	−0.150%	$467K	$1.2M	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7850	−0.294%	$1.3M	$493K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.7970	−0.118%	$26.9M	$4.9M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.7990	−0.088%	$1.7M	$1.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.7997	−0.079%	$739K	$1.6M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8045	−0.007%	$89K	$2.2M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.7980	−0.103%	—	$7.6M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX COPPER-USDTlong	0.0000%	4h	6.8050	long leg	$60K	$27K	75x
Phemex COPPERUSDT	0.0000%	4h	6.7910	−0.206%	$4.2M	$80K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.7946	−0.153%	$176K	—	250x	as long as short
QFEX COPPER-USD	+0.0013%	1h	6.7980	−0.103%	$1.5M	$131K	20x	as long as short
Lighter XCUshort	+0.0032%	1h	6.8063	+0.019%	$476K	$45K	20x
Phoenix COPPER	+0.0035%	1h	6.8011	−0.057%	$45K	$30K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.7952	−0.144%	—	$82K	25x	as long as short
BloFin COPPER-USDT	+0.0049%	4h	6.8000	−0.073%	$87K	$149K	100x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.7988	−0.092%	$1K	$3K	5x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.7945	−0.154%	$10.4M	$5.4M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.7952	−0.144%	$900	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8028	−0.032%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.7987	−0.092%	$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	6.8060	+0.015%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.7976	−0.109%	$311	—	10x	as long as short
Extended XCU-USD	+0.0272%	1h	6.7952	−0.145%	$230K	$2.9M	20x	as long as short
Kraken Futures PF_XCUUSD	+0.0312%	1h	6.7914	−0.200%	$28K	$173K	20x	as long as short