Funding you earn now, next payment 09:00 UTC−0.0026%/8h= −2.9% APRnext payment −$0.03 per $10,000 · paid last 24h −0.011%
Price spread now: Vest against Lighter−0.217%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 · Vest: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Vest is 0.217% cheaper against Lighter than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XCU | 6.8115 | 0.0072 | pay 0.0009% / 1h | 36m 05s | $477K | $27K | 20x |
| Short | Vest HG-PERP | 6.7967 | 0.0046 | get 0.0006% / 1h | 36m 05s | — | $82K | 25x |
Lighter XCU
Vest HG-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- −$5.53
- Price spread: −0.217% → 0.000%
- −$21.73
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$29.26
- Costs to cover
- 0.020%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 54 min ago; Vest: 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, 54 min ago | 6.44 bp | 14.9 bp −$15 | 38.4 bp −$384 | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COPPER-USDT | −0.0010% | 4h | 6.8090 | −0.037% | $88K | $149K | 100x | as long as short |
| tradeXYZ xyz:COPPER | −0.0004% | 1h | 6.7990 | −0.184% | $10.7M | $4.3M | 20x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8036 | −0.116% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8036 | −0.115% | $9.0M | $33.7M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.7971 | −0.211% | $494K | $1.0M | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7910 | −0.301% | $1.3M | $508K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8010 | −0.154% | $26.4M | $5.7M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8020 | −0.139% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8104 | −0.016% | $760K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8120 | +0.007% | $93K | $2.4M | 25x | as long as short |
BloFin COPPER-USDT
tradeXYZ xyz:COPPER
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX COPPER-USDT | 0.0000% | 4h | 6.8010 | −0.154% | — | $5.9M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8010 | −0.154% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8030 | −0.125% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.7962 | −0.225% | $177K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0009% | 4h | 6.8102 | −0.019% | $94K | $319K | 20x | as long as short |
| QFEX COPPER-USD | +0.0018% | 1h | 6.8000 | −0.169% | $1.5M | $140K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.7976 | −0.204% | $273K | $1.9M | 20x | as long as short |
| Vest HG-PERPshort | +0.0046% | 1h | 6.7967 | −0.217% | — | $82K | 25x | |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.7982 | −0.195% | $900 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.7980 | −0.198% | $1K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8014 | −0.148% | $57K | $53K | 15x | as long as short |
| Lighter XCUlong | +0.0072% | 1h | 6.8115 | long leg | $477K | $27K | 20x | |
| Kraken Futures PF_XCUUSD | +0.0076% | 1h | 6.8020 | −0.139% | $34K | $178K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8009 | −0.155% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8010 | −0.154% | $265K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8090 | −0.037% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8004 | −0.163% | $311 | — | 10x | as long as short |
| Phoenix COPPER | +0.0129% | 1h | 6.8036 | −0.116% | $45K | $22K | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
Extended XCU-USD
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER