Entry cost

Cost to open and close $10k of COPPER, by exchange.

AssetTypeSize14 of 27 venues priced · CSV

Exchange	Half-spread	Buy	Sell	Taker fee	Round trip	In $	Measured up to	Max lev	Median 24h	Median 7d	p10–p90 7d
MEXC COPPER_USDT · live order book, 4 min agocheapest	0.74 bp	0.7 bp	0.7 bp	0.00 bp	1.5 bp	−$1	$4.7M	100x	1.5 bp	13.8 bp	6.4–16.8 bp
Binance COPPERUSDT · live order book, 2 min ago	0.74 bp	5.7 bp	5.9 bp	5.00 bp	11.6 bp	−$12	$4.5M	100x	1.7 bp	4.4 bp	1.7–6.9 bp
QFEX COPPER-USD · live order book, 2 min ago	1.47 bp	6.5 bp	7.9 bp	5.00 bp	14.4 bp	−$14	$424K	20x	5.9 bp	6.5 bp	4.5–57.4 bp
Extended XCU-USD · live order book, 4 min ago	0.07 bp	3.7 bp	11.4 bp	2.50 bp	15.1 bp	−$15	$152K	20x	6.6 bp	5.9 bp	2.9–15.4 bp
BloFin COPPER-USDT · live order book, 62 min ago	0.74 bp	6.7 bp	11.4 bp	6.00 bp	18.2 bp	−$18	$3.0M	100x	3.1 bp	3.1 bp	1.5–7.6 bp
OKX XCU-USDT-SWAP · live order book, 2 min ago	0.07 bp	8.1 bp	10.7 bp	5.00 bp	18.7 bp	−$19	$260K	50x	6.9 bp	16.1 bp	12.2–21.0 bp
tradeXYZ xyz:COPPER · live order book, 4 min ago	0.59 bp	10.2 bp	10.6 bp	9.00 bp	20.9 bp	−$21	$30K	20x	3.3 bp	4.8 bp	2.5–7.1 bp
Lighter XCU · live order book, 66 min ago	1.18 bp	10.7 bp	10.3 bp	0.00 bp	21.1 bp	−$21	$418K	20x	24.2 bp	39.5 bp	27.5–47.1 bp
Bitget COPPERUSDT · live order book, 2 min ago	0.74 bp	10.4 bp	11.9 bp	6.00 bp	22.2 bp	−$22	$1.1M	100x	11.0 bp	11.6 bp	8.5–14.8 bp
edgeX COPPERUSDC · live order book, 9 min ago	7.38 bp	12.8 bp	12.7 bp	4.50 bp	25.5 bp	−$26	$240K	20x	17.0 bp	25.7 bp	24.9–27.7 bp
Gate XCU_USDT · live order book, 3 min ago	2.95 bp	32.7 bp	42.7 bp	7.50 bp	75.5 bp	−$75	$150K	100x	53.4 bp	53.5 bp	44.9–77.8 bp
Phemex COPPERUSDT · live order book, 4 min ago	1.47 bp	46.7 bp	47.1 bp	6.00 bp	93.8 bp	−$94	$20K	100x	100.0 bp	108.7 bp	91.9–130.6 bp
KuCoin COPPERUSDTM · live order book, 2 min ago	14.75 bp	48.8 bp	78.5 bp	6.00 bp	127.3 bp	−$127	$140K	50x	131.6 bp	423.4 bp	281.5–481.4 bp
gTrade (Gains Network) HG/USD · virtual book (oracle venue), 49 min ago	130.00 bp	229.7 bp	213.6 bp	5.00 bp	443.4 bp	−$443	$323K	250x	433.4 bp	433.4 bp	433.4–433.4 bp
Variational Omni COPPER	2.99 bp	the book does not hold this size
Ondo Perps COPPER-USD.P	—	below $100k OI and volume: not sampled
HTX COPPER-USDT	—	below $100k OI and volume: not sampled
Phoenix COPPER	—	below $100k OI and volume: not sampled
Aster XCUUSDT	—	below $100k OI and volume: not sampled
Kraken Futures PF_XCUUSD	—	below $100k OI and volume: not sampled
Pacifica COPPER	—	below $100k OI and volume: not sampled
Orderly PERP_COPPER_USDC_mythos	—	below $100k OI and volume: not sampled
Paradex XCU-USD-PERP	—	below $100k OI and volume: not sampled
SoDEX COPPER-USD	—	below $100k OI and volume: not sampled
Aevo COPPER-PERP	—	below $100k OI and volume: not sampled
Vest HG-PERP	—	below $100k OI and volume: not sampled
SunX COPPER-USDT	46.46 bp	the book does not hold this size (about $7.6k a side)

Slippage is the average fill price of a market order walking the book against the mid; the half-spread is part of it. Fees are each exchange's base taker tier. Exchanges that fill at an oracle price (GMX, Avantis, Jupiter) charge price impact by formula and are not modeled. RFQ exchanges (Variational) quote only $1k, $100k and $1M.