COPPER

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.005%

Price spread now: Aevo against Lighter−0.154%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Aevo is 0.154% cheaper against Lighter than usual: you would sell low and buy high (spread −0.154% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 13 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XCU	6.8203	0.0064	pay 0.0008% / 1h	49m 12s	$477K	$45K	20x
Short	Aevo COPPER-PERP	6.8098	0.0104	get 0.0013% / 1h	49m 12s	$311	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. 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 LighterbpFee AevobpOrdersPrice spread, now −0.154%Rate

Funding earned: $8.4
Price spread: −0.154% → 0.000%: −$15.39
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$22.99
Costs to cover: 0.160%
Break-even: 26.2 days

Slippage unknown: Lighter: live order book, 16 min ago; Aevo: no order-book sample. 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 Lighter live order book, 16 min ago	2.86 bp	10.9 bp −$11	30.8 bp −$308	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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
Kraken Futures PF_XCUUSD	−0.0448%	1h	6.7963	−0.352%	$28K	$174K	20x	as long as short
edgeX COPPERUSDC	−0.0016%	4h	6.8080	−0.180%	$93K	$318K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8095	−0.159%	$32K	$36K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8110	−0.136%	$9.0M	$34.1M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8091	−0.164%	$470K	$991K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7970	−0.342%	$1.3M	$491K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8100	−0.151%	$26.9M	$4.9M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8110	−0.136%	$1.7M	$1.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8094	−0.159%	$741K	$1.6M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8100	−0.151%	$94K	$2.2M	25x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX COPPER-USDT	0.0000%	4h	6.8110	−0.136%	—	$7.4M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8130	−0.107%	$60K	$27K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.7940	−0.386%	$4.2M	$78K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8075	−0.188%	$177K	—	250x	as long as short
QFEX COPPER-USD	+0.0004%	1h	6.8090	−0.166%	$1.5M	$139K	20x	as long as short
BloFin COPPER-USDT	+0.0028%	4h	6.8080	−0.180%	$87K	$150K	100x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8070	−0.195%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8103	−0.146%	$1K	$3K	5x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8071	−0.194%	$10.4M	$5.1M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8078	−0.183%	$901	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8101	−0.150%	$57K	$55K	15x	as long as short
Lighter XCUlong	+0.0064%	1h	6.8203	long leg	$477K	$45K	20x
Pacifica COPPER	+0.0100%	1h	6.8087	−0.171%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8040	−0.239%	$258K	$25K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8150	−0.078%	$3K	—	10x	as long as short
Aevo COPPER-PERPshort	+0.0104%	1h	6.8098	−0.154%	$311	—	10x
Phoenix COPPER	+0.0118%	1h	6.8095	−0.158%	$45K	$30K	20x	as long as short
Extended XCU-USD	+0.0376%	1h	6.8077	−0.184%	$228K	$2.9M	20x	as long as short