Funding you earn now, next payment 09:00 UTC+0.0148%/8h= +16.2% APRnext payment +$0.19 per $10,000 · paid last 24h +0.027%
Price spread now: Lighter against tradeXYZ+0.223%7-day average +0.166% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$460.458% of the position
Funding, last 7 days−0.151%−$15 on $10k
+Price spread, last 4 days (all we have)−0.155%−$15 · spread now +0.223%, 7d avg +0.166%
=Together, before fees−0.306%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board−$31 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.057% dearer against tradeXYZ than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.166%. Mind the row above: over the last 7 days funding on this pair cost −0.151%, 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 | tradeXYZ xyz:COPPER | 6.8262 | −0.0044 | get 0.0006% / 1h | 59m 20s | $10.6M | $5.0M | 20x |
| Short | Lighter XCU | 6.8414 | 0.0104 | get 0.0013% / 1h | 59m 20s | $479K | $26K | 20x |
tradeXYZ xyz:COPPER
Lighter XCUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against tradeXYZ. 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
- $31.09
- Price spread: +0.223% → +0.166%
- $5.69
- Slippage, 4 orders
- −$27.81
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$9.04
- Costs to cover
- 0.458%
- Break-even
- 9.0 days
Slippage from tradeXYZ: live order book, 9 min ago; Lighter: live order book, 31 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 tradeXYZ live order book, 9 min ago | 0.07 bp | 10.1 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 31 min ago | 6.44 bp | 10.0 bp −$10 | 15.7 bp −$157 | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:COPPERlong | −0.0044% | 1h | 6.8262 | long leg | $10.6M | $5.0M | 20x | |
| Aster XCUUSDT | 0.0000% | 4h | 6.8320 | +0.085% | $32K | $28K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8327 | +0.096% | $9.0M | $33.5M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8260 | −0.003% | $503K | $987K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8160 | −0.149% | $1.3M | $503K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8320 | +0.085% | $26.6M | $5.1M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8300 | +0.056% | $2.9M | $1.6M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8246 | −0.024% | $765K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8270 | +0.012% | $89K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8320 | +0.085% | — | $6.0M | 20x | 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-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8320 | +0.085% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8200 | −0.091% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8284 | +0.031% | $178K | — | 250x | as long as short |
| edgeX COPPERUSDC | +0.0015% | 4h | 6.8257 | −0.007% | $95K | $320K | 20x | as long as short |
| QFEX COPPER-USD | +0.0017% | 1h | 6.8310 | +0.070% | $1.5M | $140K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8289 | +0.040% | $274K | $2.0M | 20x | as long as short |
| BloFin COPPER-USDT | +0.0032% | 4h | 6.8330 | +0.100% | $88K | $145K | 100x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8278 | +0.023% | — | $82K | 25x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8265 | +0.004% | $4K | $5K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8301 | +0.057% | $2K | $1K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8213 | −0.072% | $57K | $55K | 15x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0076% | 1h | 6.8297 | +0.052% | $34K | $178K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8273 | +0.016% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8300 | +0.056% | $278K | $36K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8370 | +0.158% | $3K | — | 10x | as long as short |
| Lighter XCUshort | +0.0104% | 1h | 6.8414 | +0.223% | $479K | $26K | 20x | |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8310 | +0.070% | $312 | — | 10x | as long as short |
| Phoenix COPPER | +0.0106% | 1h | 6.8242 | −0.029% | $45K | $22K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
edgeX COPPERUSDC
QFEX COPPER-USD
Extended XCU-USD
BloFin COPPER-USDT
Vest HG-PERP
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