COPPER funding rates

COPPER perpetual funding across 5 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
79.0%long Bitget, short GRVT · net 73.5%
Highest funding now
10.9%RWA Perp
Lowest funding now
−156%BitgetCEX
Listed on
5 venues

Funding by venue

7d chartFlagsOpen
RWA PerpPERP_COPPER_USDC_mythos10.9%11.0%11.0%11.0%11.0%100%8h08:006.77$2k$0TradFiRwRWA Perp
GRVTCOPPER_USDT_Perp0.0%−0.5%21.9%11.3%25.6%19%4h08:006.77$104k$671kTradFiGrGRVT
VariationalCOPPER0.0%−0.4%19.6%4.0%22.9%19%4h—6.76$1.3M$3.9MTradFiVaVariational
MEXCCEXCOPPER_USDT−1.3%−2.6%20.4%4.3%24.2%19%4h08:006.77$17.0M$5.3MTradFiMxMEXC
BitgetCEXCOPPERUSDT−156%−157%−57.1%−7.9%−40.4%21%4h08:006.82$12.2M$9.8MTradFiBgBitget

Sparklines: hourly funding APR over the last 7 days, zero line dashed.

Long/short pairs

Funding spreads, annualized: short-leg rate minus long-leg rate.
Spread APRAfter taker feesQuality
7d trendFlagsOpenCalc
BitgetCEXVariational156%157%76.7%12.0%73.5%110%0.6dsteady$1.3MTradFispread not incl.BgVacalc
BitgetCEXGRVT156%157%79.0%19.3%73.5%110%1.0dsteady$104kTradFiBgGrcalc
BitgetCEXMEXCCEX154%155%77.5%12.3%73.3%110%0.8dsteady$12.2MTradFiBgMxcalc
VariationalGRVT0.0%−0.1%2.3%7.3%0.0%−0.1%14dweak$104kTradFispread not incl.VaGrcalc
VariationalMEXCCEX−1.3%−2.1%0.8%0.3%−0.2%−0.4%18dweak$1.3MTradFispread not incl.VaMxcalc
MEXCCEXVariational1.3%2.1%−0.8%−0.3%−1.8%−2.8%—weak$1.3MTradFispread not incl.MxVacalc
MEXCCEXGRVT1.3%2.1%1.5%7.0%−1.9%−2.8%32dweak$104kTradFiMxGrcalc
What the columns and badges mean
now
Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h
Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d
Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d
Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend
Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR
7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital
Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven
Days of 7d-average funding needed to pay back open+close taker fees.
Min OI
Smaller open interest of the two legs, USD.
steady
Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike
The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed
The spread was negative too often: not negative in only X% of hours over 7 days.
new
New: less than a week of shared history, or under 4 days of it in the prior week: stability cannot be judged yet, and the score is lowered.
weak
Prior-week spread under 5% APR: too small to call steady.
cooling
The prior week was solid, but the last 24h or the current spread is not positive.
incomplete
Incomplete history (a gap in a venue's data): N of the last 168 hours on both venues. Never steady, ranked lower.
≠ asset?
Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale
At least one leg has not updated for over 30 minutes.
low OI
Open interest under $50k on at least one leg — size carefully.
8h/1h
Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi
Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only
Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.
A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX
Centralized exchange: trading needs an account with identity verification (KYC).

Prices now

Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.

Quotes as of 07:16:55 UTC

No venue quotes COPPER right now.

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