Funding you earn now, next payment 09:00 UTC+0.0118%/8h= +12.9% APRnext payment +$0.15 per $10,000 · paid last 24h +0.024%
Price spread now: Lighter against QFEX+0.142%7-day average +0.187% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$350.353% of the position
Funding, last 4 days (all we have)−0.309%−$31 on $10k
+Price spread, last 4 days (all we have)+0.039%+$4 · spread now +0.142%, 7d avg +0.187%
=Together, before fees−0.269%+ Points / potential airdropLighter: Season 3 · farm board−$27 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.045% cheaper against QFEX than usual: you would sell low and buy high (spread +0.142% now, against its 7-day average of +0.187%). If the spread goes back, that is −$4 on $10k: about 30 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 4 days funding on this pair cost −0.309%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COPPER-USD | 6.8300 | 0.0018 | pay 0.0002% / 1h | 17m 26s | $1.5M | $142K | 20x |
| Short | Lighter XCU | 6.8397 | 0.0136 | get 0.0017% / 1h | 17m 26s | $479K | $27K | 20x |
QFEX COPPER-USD
Lighter XCUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against QFEX. 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
- $24.75
- Price spread: +0.142% → +0.187%
- −$4.45
- Slippage, 4 orders
- −$25.26
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$14.96
- Costs to cover
- 0.353%
- Break-even
- 11.2 days
Slippage from QFEX: live order book, 4 min ago; Lighter: live order book, 7 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 QFEX live order book, 4 min ago | 2.20 bp | 7.2 bp −$7 | 11.6 bp −$116 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 2.06 bp | 4.7 bp −$5 | 10.1 bp −$101 | 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 | 6.8309 | +0.013% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8309 | +0.013% | $9.1M | $33.4M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8261 | −0.057% | $497K | $990K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8140 | −0.234% | $1.3M | $510K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8300 | 0.000% | $26.1M | $5.8M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8280 | −0.029% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8185 | −0.168% | $763K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8250 | −0.073% | $91K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8260 | −0.059% | — | $5.6M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8280 | −0.029% | $61K | $26K | 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 | 6.8260 | −0.059% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8213 | −0.127% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0010% | 4h | 6.8211 | −0.131% | $94K | $320K | 20x | as long as short |
| BloFin COPPER-USDT | +0.0018% | 4h | 6.8230 | −0.102% | $89K | $149K | 100x | as long as short |
| QFEX COPPER-USDlong | +0.0018% | 1h | 6.8300 | long leg | $1.5M | $142K | 20x | |
| Extended XCU-USD | +0.0032% | 1h | 6.8273 | −0.039% | $273K | $1.8M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8258 | −0.061% | — | $82K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8255 | −0.066% | $10.8M | $4.1M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8240 | −0.088% | $904 | $6K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8133 | −0.245% | $57K | $53K | 15x | as long as short |
| Paradex XCU-USD-PERP | +0.0051% | 8h | 6.8280 | −0.029% | $2K | $1K | 5x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0076% | 1h | 6.8249 | −0.074% | $34K | $178K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8283 | −0.024% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8300 | 0.000% | $266K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8360 | +0.088% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8264 | −0.052% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0129% | 1h | 6.8137 | −0.239% | $45K | $22K | 20x | as long as short |
| Lighter XCUshort | +0.0136% | 1h | 6.8397 | +0.142% | $479K | $27K | 20x |
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
BloFin COPPER-USDT
Extended XCU-USD
Vest HG-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Paradex XCU-USD-PERP
Kraken Futures PF_XCUUSD
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Phoenix COPPER