After costs, if the gap returns to its 7d average, $10k−$32
spread now+0.050%7d average−0.018%fees + slippage, in and out−$39spread needed0.390%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COPPERUSDT | 6.7640 | 0 | get 0.0000% / 4h | 2h 55m | $9.0M | $34.0M | 100x |
| Short | edgeX COPPERUSDC | 6.7674 | −0.0011 | pay 0.0005% / 4h | 2h 55m | $93K | $316K | 20x |
Binance 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
- $5.03
- Funding while held
- −$0.32
- Slippage, 4 orders
- −$19.99
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$34.28
- Spread needed to break even
- 0.390%
Slippage from Binance: live order book, 3 min ago; edgeX: live order book, 50 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0011%
- Per $10,000 a day
- −$0.32
- 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 Binance live order book, 3 min ago | 0.74 bp | 7.1 bp −$7 | 11.1 bp −$111 | 65.2 bp −$6,518 | doesn't fit |
| Sell edgeX live order book, 50 min ago | 7.37 bp | 13.0 bp −$13 | 25.3 bp −$253 | doesn't fit | doesn't fit |
COPPER price on every exchange
against the cheapest. Click to use as the short leg.Gate6.7530cheapestOKX6.7580+0.074%SoDEX6.7582+0.077%tradeXYZ6.7583+0.078%Vest6.7601+0.105%gTrade (Gains Network)6.7609+0.117%Pacifica6.7615+0.126%Phoenix6.7615+0.126%Extended6.7615+0.126%QFEX6.7630+0.148%Paradex6.7634+0.155%
Gate
OKX
SoDEX
tradeXYZ
Vest
gTrade (Gains Network)
Pacifica
Phoenix
Extended
QFEX
ParadexBinance6.7640+0.163%
MEXC6.7640+0.163%SunX6.7640+0.163%Aster6.7642+0.165%Kraken Futures6.7644+0.170%Aevo6.7646+0.172%KuCoin6.7650+0.178%Bitget6.7660+0.193%Variational Omni6.7668+0.204%Ondo Perps6.7669+0.206%BloFin6.7670+0.207%HTX6.7690+0.237%Orderly6.7710+0.267%Lighter6.7719+0.280%Phemex6.7740+0.311%
MEXC
SunX
Aster
Kraken Futures
Aevo
KuCoin
Bitget
Variational Omni
Ondo Perps
BloFin
HTX
Orderly
Lighter
PhemexCOPPER on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate XCU_USDT | −0.163% | 0.0000% | 8h | $1.3M | $517K | 100x | as long as short |
| OKX XCU-USDT-SWAP | −0.089% | 0.0000% | 8h | $538K | $1.1M | 50x | as long as short |
| SoDEX COPPER-USD | −0.086% | +0.0050% | 1h | $895 | $3K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.084% | −0.0043% | 1h | $10.5M | $5.7M | 20x | as long as short |
| Vest HG-PERP | −0.058% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| gTrade (Gains Network) HG/USD | −0.046% | L +0.0002% / S −0.0001% | 1h | $175K | — | 250x | as long as short |
| Pacifica COPPER | −0.037% | +0.0100% | 1h | $25K | $12K | 10x | as long as short |
| Phoenix COPPER | −0.037% | +0.0106% | 1h | $43K | $28K | 20x | as long as short |
| Extended XCU-USD | −0.036% | +0.0032% | 1h | $258K | $2.7M | 20x | as long as short |
| QFEX COPPER-USD | −0.015% | +0.0043% | 1h | $1.5M | $94K | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex XCU-USD-PERP | −0.008% | +0.0052% | 8h | $1K | $3K | 5x | as long as short |
| Binance COPPERUSDTlong | 0.000% | 0.0000% | 4h | $9.0M | $34.0M | 100x | |
| MEXC COPPER_USDT | 0.000% | 0.0000% | 4h | $25.5M | $4.0M | 100x | as long as short |
| SunX COPPER-USDT | 0.000% | 0.0000% | 4h | — | $7.9M | 20x | as long as short |
| Aster XCUUSDT | +0.002% | 0.0000% | 4h | $32K | $52K | 50x | as long as short |
| Kraken Futures PF_XCUUSD | +0.007% | +0.0390% | 1h | $26K | $73K | 20x | as long as short |
| Aevo COPPER-PERP | +0.009% | +0.0104% | 1h | $309 | — | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.015% | +0.0100% | 4h | $257K | $25K | 50x | as long as short |
| Bitget COPPERUSDT | +0.030% | +0.0072% | 4h | $1.6M | $1.0M | 100x | as long as short |
| Variational Omni COPPER | +0.041% | 0.0000% | 4h | $747K | $1.5M | — | as long as short |
| Ondo Perps COPPER-USD.P | +0.043% | +0.0050% | 1h | $62K | $16K | 15x | as long as short |
| BloFin COPPER-USDT | +0.044% | −0.0050% | 4h | $89K | $133K | 100x | as long as short |
| edgeX COPPERUSDCshort | +0.050% | −0.0011% | 4h | $93K | $316K | 20x | |
| HTX COPPER-USDT | +0.074% | 0.0000% | 4h | $60K | $29K | 75x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.103% | +0.0100% | 8h | $3K | — | 10x | as long as short |
| Lighter XCU | +0.117% | +0.0144% | 1h | $474K | $43K | 20x | as long as short |
| Phemex COPPERUSDT | +0.148% | 0.0000% | 4h | $4.2M | $75K | 100x | as long as short |