Spread before costs (cost unknown: a leg has no order-book sample)+0.007%
7d average—if it closes, per $10,000$1funding while held, a day−$3.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo COPPER-PERP | 6.7815 | 0.0104 | pay 0.0013% / 1h | 1m 44s | $310 | — | 10x |
| Short | Phemex COPPERUSDT | 6.7820 | 0 | get 0.0000% / 4h | 1h 01m | $4.2M | $79K | 100x |
Aevo COPPER-PERP
Phemex COPPERUSDTPrice 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
- $0.69
- Funding while held
- −$3.12
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$30.43
- Spread needed to break even
- 0.280%
Slippage unknown: Aevo: no order-book sample; Phemex: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0104%
- Per $10,000 a day
- −$3.12
- 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 Phemex live order book, 4 min ago | 2.21 bp | 51.0 bp −$51 | doesn't fit | 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.Gate6.7680cheapestOKX6.7741+0.090%Ondo Perps6.7777+0.143%Vest6.7781+0.149%SoDEX6.7783+0.152%Extended6.7784+0.154%gTrade (Gains Network)6.7785+0.155%tradeXYZ6.7789+0.161%Phoenix6.7789+0.161%KuCoin6.7790+0.163%BloFin6.7790+0.163%Aster6.7804+0.184%Variational Omni6.7807+0.188%QFEX6.7810+0.192%Bitget6.7810+0.192%Paradex6.7814+0.197%Binance6.7815+0.199%
Gate
OKX
Ondo Perps
Vest
SoDEX
Extended
gTrade (Gains Network)
tradeXYZ
Phoenix
KuCoin
BloFin
Aster
Variational Omni
QFEX
Bitget
Paradex
BinanceAevo6.7815+0.200%
edgeX6.7816+0.201%Pacifica6.7818+0.204%Kraken Futures6.7819+0.205%MEXC6.7820+0.207%SunX6.7820+0.207%
Pacifica
Kraken Futures
MEXC
SunXPhemex6.7820+0.207%
HTX6.7840+0.236%Orderly6.7890+0.310%Lighter6.7899+0.324%
HTX
Orderly
LighterCOPPER on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate XCU_USDT | −0.200% | 0.0000% | 8h | $1.3M | $524K | 100x | as long as short |
| OKX XCU-USDT-SWAP | −0.110% | 0.0000% | 8h | $542K | $1.1M | 50x | as long as short |
| Ondo Perps COPPER-USD.P | −0.057% | +0.0050% | 1h | $62K | $21K | 15x | as long as short |
| Vest HG-PERP | −0.051% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| SoDEX COPPER-USD | −0.048% | +0.0050% | 1h | $898 | $3K | 20x | as long as short |
| Extended XCU-USD | −0.046% | +0.0032% | 1h | $239K | $2.9M | 20x | as long as short |
| gTrade (Gains Network) HG/USD | −0.045% | L +0.0002% / S −0.0001% | 1h | $176K | — | 250x | as long as short |
| tradeXYZ xyz:COPPER | −0.039% | +0.0001% | 1h | $10.5M | $5.8M | 20x | as long as short |
| Phoenix COPPER | −0.039% | −0.0036% | 1h | $45K | $28K | 20x | as long as short |
| KuCoin COPPERUSDTM | −0.037% | +0.0100% | 4h | $258K | $25K | 50x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin COPPER-USDT | −0.037% | +0.0060% | 4h | $89K | $140K | 100x | as long as short |
| Aster XCUUSDT | −0.016% | 0.0000% | 4h | $32K | $52K | 50x | as long as short |
| Variational Omni COPPER | −0.012% | 0.0000% | 4h | $768K | $1.6M | — | as long as short |
| QFEX COPPER-USD | −0.008% | +0.0007% | 1h | $1.5M | $89K | 20x | as long as short |
| Bitget COPPERUSDT | −0.008% | +0.0060% | 4h | $1.7M | $1.0M | 100x | as long as short |
| Paradex XCU-USD-PERP | −0.003% | +0.0050% | 8h | $1K | $3K | 5x | as long as short |
| Binance COPPERUSDT | −0.001% | 0.0000% | 4h | $9.0M | $34.5M | 100x | as long as short |
| Aevo COPPER-PERPlong | 0.000% | +0.0104% | 1h | $310 | — | 10x | |
| edgeX COPPERUSDC | +0.001% | −0.0006% | 4h | $93K | $318K | 20x | as long as short |
| Pacifica COPPER | +0.004% | +0.0100% | 1h | $25K | $11K | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.005% | +0.0596% | 1h | $33K | $94K | 20x | as long as short |
| MEXC COPPER_USDT | +0.007% | 0.0000% | 4h | $25.5M | $4.1M | 100x | as long as short |
| SunX COPPER-USDT | +0.007% | 0.0000% | 4h | — | $7.9M | 20x | as long as short |
| Phemex COPPERUSDTshort | +0.007% | 0.0000% | 4h | $4.2M | $79K | 100x | |
| HTX COPPER-USDT | +0.036% | 0.0000% | 4h | $60K | $28K | 75x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.110% | +0.0100% | 8h | $3K | — | 10x | as long as short |
| Lighter XCU | +0.123% | +0.0032% | 1h | $475K | $46K | 20x | as long as short |