Spread before costs (cost unknown: a leg has no order-book sample)+0.156%
7d average—if it closes, per $10,000$16funding while held, a day−$2.16
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo COPPER-PERP | 6.7721 | 0.0104 | pay 0.0013% / 1h | 51m 30s | $310 | — | 10x |
| Short | Lighter XCU | 6.7827 | 0.0032 | get 0.0004% / 1h | 51m 30s | $474K | $44K | 20x |
Aevo COPPER-PERP
Lighter XCUPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $15.63
- Funding while held
- −$2.16
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$2.53
- Spread needed to break even
- 0.160%
Slippage unknown: Aevo: no order-book sample; Lighter: live order book, 40 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0072%
- Per $10,000 a day
- −$2.16
- Average in range /8h
- —
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 Aevo no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 40 min ago | 1.18 bp | 10.3 bp −$10 | 12.8 bp −$128 | doesn't fit | doesn't fit |
Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
COPPER price on every exchange
against the cheapest. Click to use as the short leg.Gate6.7570cheapestSoDEX6.7656+0.127%tradeXYZ6.7666+0.142%OKX6.7672+0.151%Ondo Perps6.7680+0.163%Phoenix6.7689+0.176%Variational Omni6.7689+0.177%BloFin6.7690+0.178%gTrade (Gains Network)6.7705+0.199%Kraken Futures6.7710+0.207%MEXC6.7710+0.207%SunX6.7710+0.207%Vest6.7713+0.212%Pacifica6.7716+0.215%edgeX6.7716+0.217%QFEX6.7720+0.222%KuCoin6.7720+0.222%HTX6.7720+0.222%
Gate
SoDEX
tradeXYZ
OKX
Ondo Perps
Phoenix
Variational Omni
BloFin
gTrade (Gains Network)
Kraken Futures
MEXC
SunX
Vest
Pacifica
QFEX
KuCoin
HTXAevo6.7721+0.224%
Extended6.7723+0.226%Aster6.7726+0.231%Paradex6.7733+0.241%Binance6.7736+0.246%Bitget6.7750+0.266%Phemex6.7770+0.296%Orderly6.7780+0.311%
Extended
Aster
Paradex
Binance
Bitget
Phemex
OrderlyLighter6.7827+0.380%
COPPER on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate XCU_USDT | −0.223% | 0.0000% | 8h | $1.3M | $524K | 100x | as long as short |
| SoDEX COPPER-USD | −0.096% | +0.0047% | 1h | $896 | $3K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.081% | −0.0231% | 1h | $10.5M | $5.8M | 20x | as long as short |
| OKX XCU-USDT-SWAP | −0.073% | 0.0000% | 8h | $540K | $1.1M | 50x | as long as short |
| Ondo Perps COPPER-USD.P | −0.061% | +0.0050% | 1h | $62K | $21K | 15x | as long as short |
| Phoenix COPPER | −0.048% | −0.0036% | 1h | $43K | $28K | 20x | as long as short |
| Variational Omni COPPER | −0.047% | 0.0000% | 4h | $748K | $1.5M | — | as long as short |
| BloFin COPPER-USDT | −0.046% | −0.0022% | 4h | $89K | $139K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | −0.024% | L +0.0002% / S −0.0001% | 1h | $176K | — | 250x | as long as short |
| Kraken Futures PF_XCUUSD | −0.017% | +0.0597% | 1h | $26K | $46K | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC COPPER_USDT | −0.017% | 0.0000% | 4h | $25.6M | $4.1M | 100x | as long as short |
| SunX COPPER-USDT | −0.017% | 0.0000% | 4h | — | $7.9M | 20x | as long as short |
| Vest HG-PERP | −0.012% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| Pacifica COPPER | −0.008% | +0.0100% | 1h | $25K | $12K | 10x | as long as short |
| edgeX COPPERUSDC | −0.007% | −0.0015% | 4h | $93K | $317K | 20x | as long as short |
| QFEX COPPER-USD | −0.002% | +0.0007% | 1h | $1.5M | $95K | 20x | as long as short |
| KuCoin COPPERUSDTM | −0.002% | +0.0100% | 4h | $258K | $25K | 50x | as long as short |
| HTX COPPER-USDT | −0.002% | 0.0000% | 4h | $60K | $28K | 75x | as long as short |
| Aevo COPPER-PERPlong | 0.000% | +0.0104% | 1h | $310 | — | 10x | |
| Extended XCU-USD | +0.002% | +0.0032% | 1h | $238K | $2.7M | 20x | as long as short |
| Aster XCUUSDT | +0.007% | 0.0000% | 4h | $32K | $52K | 50x | as long as short |
| Paradex XCU-USD-PERP | +0.017% | +0.0050% | 8h | $1K | $3K | 5x | as long as short |
| Binance COPPERUSDT | +0.022% | 0.0000% | 4h | $9.0M | $34.3M | 100x | as long as short |
| Bitget COPPERUSDT | +0.043% | +0.0076% | 4h | $1.6M | $1.0M | 100x | as long as short |
| Phemex COPPERUSDT | +0.072% | 0.0000% | 4h | $4.2M | $77K | 100x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.087% | +0.0100% | 8h | $3K | — | 10x | as long as short |
| Lighter XCUshort | +0.156% | +0.0032% | 1h | $474K | $44K | 20x |