Funding you earn now, next payment 11:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.046%
Price spread now: Lighter against Variational Omni+0.227%7-day average +0.187% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.246%−$25 on $10k
+Price spread, last 4 days (all we have)−0.258%−$26 · spread now +0.227%, 7d avg +0.187%
=Together, before fees−0.504%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board−$50 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.040% dearer against Variational Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.187%. Mind the row above: over the last 4 days funding on this pair cost −0.246%, 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 | Variational Omni COPPER | 6.8478 | 0 | get 0.0000% / 4h | 1h 06m | $773K | $540K | — |
| Short | Lighter XCU | 6.8634 | 0.0032 | get 0.0004% / 1h | 6m 30s | $481K | $25K | 20x |
Variational Omni COPPER
Lighter XCUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Variational Omni. 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
- $6.72
- Price spread: +0.227% → +0.187%
- $4.02
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $10.74
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 21 min ago; Lighter: live order book, 31 min ago. 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 Variational Omni RFQ quote, 21 min ago | 2.97 bp | doesn't fit | 10.8 bp −$108 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 31 min ago | 1.82 bp | 9.9 bp −$10 | 12.2 bp −$122 | doesn't fit | doesn't fit |
COPPER on 28 exchanges
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 | −0.0011% | 4h | 6.8500 | +0.032% | $90K | $154K | 100x | as long as short |
| Aster XCUUSDT | 0.0000% | 4h | 6.8557 | +0.115% | $35K | $31K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8561 | +0.121% | $9.1M | $32.1M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8490 | +0.017% | $519K | $810K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.8380 | −0.143% | $1.3M | $181K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8550 | +0.105% | $26.3M | $5.7M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8540 | +0.090% | $3.9M | $2.1M | 100x | as long as short |
| Variational Omni COPPERlong | 0.0000% | 4h | 6.8478 | long leg | $773K | $540K | — | |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8539 | +0.089% | $91K | $2.3M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8550 | +0.105% | — | $4.6M | 20x | as long as short |
BloFin COPPER-USDT
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
GRVT COPPER_USDT_Perp
SunX COPPER-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8560 | +0.119% | $61K | $71K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8420 | −0.085% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8516 | +0.055% | $179K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0011% | 1h | 6.8540 | +0.090% | $1.5M | $151K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0016% | 4h | 6.8505 | +0.039% | $95K | $320K | 20x | as long as short |
| Lighter XCUshort | +0.0032% | 1h | 6.8634 | +0.227% | $481K | $25K | 20x | |
| Extended XCU-USD | +0.0032% | 1h | 6.8531 | +0.077% | $267K | $1.7M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8529 | +0.074% | — | $36K | 25x | as long as short |
| tradeXYZ xyz:COPPER | +0.0050% | 1h | 6.8550 | +0.105% | $10.9M | $3.9M | 20x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8532 | +0.079% | $908 | $6K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8541 | +0.092% | $2K | $825 | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8526 | +0.070% | $59K | $54K | 15x | as long as short |
| Phoenix COPPER | +0.0093% | 1h | 6.8543 | +0.095% | $45K | $18K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8546 | +0.099% | $24K | $13K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8560 | +0.119% | $267K | $39K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8600 | +0.178% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8537 | +0.086% | $313 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0336% | 1h | 6.8539 | +0.089% | $34K | $180K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
edgeX COPPERUSDC
Extended XCU-USD
Vest HG-PERP
tradeXYZ xyz:COPPER
SoDEX COPPER-USD
Paradex XCU-USD-PERP
Ondo Perps COPPER-USD.P
Phoenix COPPER
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD