Funding you earn now, next payment 02:00 UTC−0.0039%/8h= −4.3% APRpaid last 24h −0.081%
Price spread now: edgeX against Lighter−0.138%7-day average −0.195% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$520.517% of the position
Funding, last 7 days−0.048%−$5 on $10k
+Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.138%, 7d avg −0.195%
=Together, before fees+0.071%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board+$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.057% dearer against Lighter than usual: you sell high and buy low (spread −0.138% now, against its 7-day average of −0.195%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XCU | 6.8088 | 0.0048 | pay 0.0006% / 1h | 39m 07s | $476K | $39K | 20x |
| Short | edgeX COPPERUSDC | 6.7994 | 0.0009 | get 0.0004% / 4h | 2h 39m | $94K | $317K | 20x |
Lighter XCU
edgeX COPPERUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Lighter. 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
- −$8.23
- Price spread: −0.138% → −0.195%
- $5.65
- Slippage, 4 orders
- −$42.67
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$54.24
- Costs to cover
- 0.517%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 21 min ago; edgeX: live order book, 29 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 Lighter live order book, 21 min ago | 2.57 bp | 6.4 bp −$6 | 29.2 bp −$292 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 29 min ago | 7.34 bp | 12.7 bp −$13 | 23.9 bp −$239 | 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 | −0.1014% | 1h | 6.7979 | −0.160% | $32K | $175K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0140% | 1h | 6.7931 | −0.231% | $10.4M | $4.8M | 20x | as long as short |
| BloFin COPPER-USDT | −0.0051% | 4h | 6.8050 | −0.056% | $88K | $144K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.7991 | −0.142% | $32K | $35K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.7990 | −0.144% | $9.1M | $32.3M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7964 | −0.182% | $472K | $941K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7870 | −0.320% | $1.3M | $478K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.7990 | −0.144% | $26.9M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8010 | −0.115% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.7974 | −0.167% | $741K | $1.4M | — | as long as short |
Kraken Futures PF_XCUUSD
tradeXYZ xyz:COPPER
BloFin COPPER-USDT
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 | −0.129% | $95K | $2.1M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.7990 | −0.144% | — | $6.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8060 | −0.041% | $61K | $26K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.7910 | −0.261% | $4.2M | $74K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.7968 | −0.177% | $176K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0006% | 1h | 6.7980 | −0.159% | $1.5M | $129K | 20x | as long as short |
| edgeX COPPERUSDCshort | +0.0009% | 4h | 6.7994 | −0.138% | $94K | $317K | 20x | |
| Phoenix COPPER | +0.0035% | 1h | 6.7967 | −0.178% | $45K | $30K | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.7964 | −0.182% | — | $82K | 25x | as long as short |
| Lighter XCUlong | +0.0048% | 1h | 6.8088 | long leg | $476K | $39K | 20x | |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7991 | −0.142% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7970 | −0.173% | $900 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.7986 | −0.150% | $56K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.7983 | −0.154% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8000 | −0.129% | $258K | $25K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8030 | −0.085% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.7981 | −0.157% | $311 | — | 10x | as long as short |
| Extended XCU-USD | +0.0416% | 1h | 6.7972 | −0.171% | $230K | $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
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