Funding you earn now, next payment 06:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h −0.012%
Price spread now: Paradex against Lighter−0.172%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 · Paradex: Active · farm boardneeds both histories
Funding pays, the price is against you. Paradex is 0.172% cheaper against Lighter than usual: you would sell low and buy high (spread −0.172% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 32 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 | 6.8459 | 0.0032 | pay 0.0004% / 1h | 44m 39s | $478K | $40K | 20x |
| Short | Paradex XCU-USD-PERP | 6.8341 | 0.0050 | get 0.0050% / 8h | 2h 44m | $2K | $2K | 5x |
Lighter XCU
Paradex XCU-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- $3.78
- Price spread: −0.172% → 0.000%
- −$17.18
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$17.4
- Costs to cover
- 0.040%
- Break-even
- 39.2 days
Slippage unknown: Lighter: live order book, 60 min ago; Paradex: 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, 60 min ago | 2.34 bp | 8.4 bp −$8 | 30.8 bp −$308 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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 | −0.0480% | 1h | 6.8362 | −0.142% | $35K | $176K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.0006% | 1h | 6.8331 | −0.187% | $10.6M | $4.9M | 20x | as long as short |
| QFEX COPPER-USD | −0.0001% | 1h | 6.8350 | −0.159% | $1.5M | $129K | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8367 | −0.135% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8365 | −0.137% | $9.2M | $33.0M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8319 | −0.205% | $490K | $971K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8150 | −0.451% | $1.3M | $520K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8350 | −0.159% | $26.8M | $4.6M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8360 | −0.145% | $2.5M | $1.7M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8353 | −0.155% | $741K | $1.4M | — | as long as short |
Kraken Futures PF_XCUUSD
tradeXYZ xyz:COPPER
QFEX COPPER-USD
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 | 6.8378 | −0.119% | $91K | $2.2M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8360 | −0.145% | — | $6.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8360 | −0.145% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8200 | −0.378% | $4.2M | $79K | 100x | as long as short |
| edgeX COPPERUSDC | +0.0002% | 4h | 6.8344 | −0.168% | $95K | $319K | 20x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8358 | −0.148% | $178K | — | 250x | as long as short |
| BloFin COPPER-USDT | +0.0018% | 4h | 6.8360 | −0.145% | $88K | $138K | 100x | as long as short |
| Phoenix COPPER | +0.0023% | 1h | 6.8311 | −0.216% | $45K | $23K | 20x | as long as short |
| Lighter XCUlong | +0.0032% | 1h | 6.8459 | long leg | $478K | $40K | 20x | |
| Extended XCU-USD | +0.0032% | 1h | 6.8345 | −0.166% | $276K | $2.5M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8354 | −0.153% | — | $82K | 25x | as long as short |
| Paradex XCU-USD-PERPshort | +0.0050% | 8h | 6.8341 | −0.172% | $2K | $2K | 5x | |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8332 | −0.186% | $905 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8287 | −0.251% | $57K | $55K | 15x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8358 | −0.147% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8360 | −0.145% | $279K | $35K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8420 | −0.057% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8353 | −0.154% | $312 | — | 10x | as long as short |
GRVT COPPER_USDT_Perp
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
edgeX COPPERUSDC
gTrade (Gains Network) HG/USD
BloFin COPPER-USDT
Phoenix COPPER
Extended XCU-USD
Vest HG-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP