Funding you earn now, next payment 07:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.022%
Price spread now: OKX against Lighter−0.226%7-day average −0.199% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$500.497% of the position
Funding, last 7 days+0.201%+$20 on $10k
+Price spread, last 4 days (all we have)+0.162%+$16 · spread now −0.226%, 7d avg −0.199%
=Together, before fees+0.363%+ Points / potential airdropLighter: Season 3 · farm board+$36 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.027% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.199%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.201%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XCU | 6.8261 | 0.0072 | pay 0.0009% / 1h | 52m 01s | $477K | $41K | 20x |
| Short | OKX XCU-USDT-SWAP | 6.8107 | 0 | get 0.0000% / 8h | 1h 52m | $497K | $971K | 50x |
Lighter XCU
OKX XCU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$15.12
- Price spread: −0.226% → −0.199%
- −$2.66
- Slippage, 4 orders
- −$39.68
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$67.46
- Costs to cover
- 0.497%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 48 min ago; OKX: live order book, 44 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, 48 min ago | 3.59 bp | 21.5 bp −$21 | 36.3 bp −$363 | doesn't fit | doesn't fit |
| Sell OKX live order book, 44 min ago | 0.66 bp | 14.1 bp −$14 | 28.4 bp −$284 | 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 | 6.8160 | −0.148% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8170 | −0.133% | $9.2M | $33.6M | 100x | as long as short |
| OKX XCU-USDT-SWAPshort | 0.0000% | 8h | 6.8107 | −0.226% | $497K | $971K | 50x | |
| Gate XCU_USDT | 0.0000% | 8h | 6.8030 | −0.338% | $1.3M | $520K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8160 | −0.148% | $26.6M | $4.7M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8170 | −0.133% | $2.9M | $2.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8223 | −0.056% | $736K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8239 | −0.032% | $90K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8170 | −0.133% | — | $6.5M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8190 | −0.104% | $61K | $24K | 75x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
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 | 6.8130 | −0.192% | $4.2M | $82K | 100x | as long as short |
| edgeX COPPERUSDC | +0.0001% | 4h | 6.8209 | −0.076% | $95K | $318K | 20x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8135 | −0.184% | $178K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0003% | 1h | 6.8170 | −0.133% | $1.5M | $130K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0004% | 4h | 6.8170 | −0.133% | $88K | $139K | 100x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8145 | −0.170% | $273K | $2.4M | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.0036% | 1h | 6.8120 | −0.207% | $10.6M | $5.0M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8138 | −0.180% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8186 | −0.110% | $45K | $22K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8154 | −0.157% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8123 | −0.202% | $902 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8207 | −0.079% | $57K | $55K | 15x | as long as short |
| Lighter XCUlong | +0.0072% | 1h | 6.8261 | long leg | $477K | $41K | 20x | |
| Pacifica COPPER | +0.0100% | 1h | 6.8149 | −0.164% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8160 | −0.148% | $278K | $37K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8250 | −0.016% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8164 | −0.142% | $312 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0108% | 1h | 6.8145 | −0.171% | $34K | $176K | 20x | as long as short |
Phemex COPPERUSDT
edgeX COPPERUSDC
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
BloFin COPPER-USDT
Extended XCU-USD
tradeXYZ xyz:COPPER
Vest HG-PERP
Phoenix COPPER
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD