Funding you earn now, next payment 08:00 UTC−0.0159%/8h= −17.4% APRnext payment −$0.20 per $10,000 · paid last 24h −0.023%
Price spread now: gTrade (Gains Network) against Lighter−0.182%7-day average −0.118% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$475as in the Price arb table
costs, in and out, $10k−$4684.683% of the position
Funding, last 1 day (all we have)−0.027%−$3 on $10k
+Price spread, last 4 days (all we have)+0.217%+$22 · spread now −0.182%, 7d avg −0.118%
=Together, before fees+0.191%+ Points / potential airdropLighter: Season 3 · farm board+$19 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and gTrade (Gains Network) is 0.064% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.118%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XCU | 6.8386 | 0.0160 | pay 0.0020% / 1h | 8m 36s | $479K | $27K | 20x |
| Short | gTrade (Gains Network) HG/USD | 6.8261 | L +0.0002% / S −0.0001% | get 0.0000% / 1h | 8m 36s | $178K | — | 250x |
Lighter XCU
gTrade (Gains Network) HG/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$33.3
- Price spread: −0.182% → −0.118%
- −$6.43
- Slippage, 4 orders
- −$458.26
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$507.99
- Costs to cover
- 4.683%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 21 min ago; gTrade (Gains Network): virtual book (oracle venue), 60 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 | 6.44 bp | 14.9 bp −$15 | 38.4 bp −$384 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 60 min ago | 130.01 bp | 213.6 bp −$214 | 1617.5 bp −$16.2K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XCUUSDT | 0.0000% | 4h | 6.8304 | −0.119% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8290 | −0.140% | $9.0M | $33.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8240 | −0.213% | $496K | $975K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8130 | −0.374% | $1.3M | $529K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8290 | −0.140% | $26.7M | $5.3M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8280 | −0.155% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8286 | −0.146% | $766K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8310 | −0.111% | $94K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8290 | −0.140% | — | $6.1M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8330 | −0.082% | $61K | $24K | 75x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
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 | 6.8180 | −0.301% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USDshort | L +0.0002% / S −0.0001% | 1h | 6.8261 | −0.182% | $178K | — | 250x | |
| BloFin COPPER-USDT | +0.0008% | 4h | 6.8300 | −0.126% | $88K | $149K | 100x | as long as short |
| edgeX COPPERUSDC | +0.0014% | 4h | 6.8298 | −0.128% | $95K | $318K | 20x | as long as short |
| QFEX COPPER-USD | +0.0017% | 1h | 6.8290 | −0.140% | $1.5M | $137K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8265 | −0.178% | $274K | $2.0M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8261 | −0.183% | — | $82K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8238 | −0.216% | $10.6M | $5.0M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8237 | −0.218% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8271 | −0.168% | $2K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8333 | −0.078% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8270 | −0.169% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8270 | −0.170% | $278K | $36K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8360 | −0.038% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8287 | −0.145% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0106% | 1h | 6.8258 | −0.187% | $45K | $22K | 20x | as long as short |
| Lighter XCUlong | +0.0160% | 1h | 6.8386 | long leg | $479K | $27K | 20x | |
| Kraken Futures PF_XCUUSD | +0.0358% | 1h | 6.8256 | −0.190% | $34K | $178K | 20x | as long as short |
Phemex COPPERUSDT
BloFin COPPER-USDT
edgeX COPPERUSDC
QFEX COPPER-USD
Extended XCU-USD
Vest HG-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER
Kraken Futures PF_XCUUSD