After costs, if the gap returns to its 7d average, $10k−$126
spread now−0.015%7d average+0.068%fees + slippage, in and out−$118spread needed1.175%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COPPERUSDT | 6.7660 | 0 | get 0.0000% / 4h | 2h 29m | $9.0M | $34.1M | 100x |
| Short | KuCoin COPPERUSDTM | 6.7650 | 0.0100 | get 0.0050% / 4h | 2h 29m | $257K | $25K | 50x |
Binance COPPERUSDT
KuCoin COPPERUSDTMPrice 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
- −$1.48
- Funding while held
- $3
- Slippage, 4 orders
- −$95.51
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$115.99
- Spread needed to break even
- 1.175%
Slippage from Binance: live order book, 13 min ago; KuCoin: live order book, 8 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0100%
- Per $10,000 a day
- +$3.00
- 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, 13 min ago | 0.74 bp | 6.8 bp −$7 | 11.0 bp −$110 | 54.3 bp −$5,430 | doesn't fit |
| Sell KuCoin live order book, 8 min ago | 8.87 bp | 59.8 bp −$60 | 452.9 bp −$4,529 | doesn't fit | doesn't fit |
COPPER price on every exchange
against the cheapest. Click to use as the short leg.Gate6.7520cheapestPhoenix6.7590+0.104%tradeXYZ6.7604+0.124%SoDEX6.7605+0.126%OKX6.7606+0.127%Vest6.7629+0.161%gTrade (Gains Network)6.7633+0.167%edgeX6.7635+0.171%Variational Omni6.7639+0.176%Bitget6.7640+0.178%Extended6.7643+0.183%Pacifica6.7647+0.188%Aevo6.7649+0.191%QFEX6.7650+0.193%
Gate
Phoenix
tradeXYZ
SoDEX
OKX
Vest
gTrade (Gains Network)
Variational Omni
Bitget
Extended
Pacifica
Aevo
QFEXKuCoin6.7650+0.193%
SunX6.7650+0.193%Aster6.7660+0.207%
SunX
AsterBinance6.7660+0.207%
MEXC6.7660+0.207%Kraken Futures6.7661+0.209%Ondo Perps6.7662+0.210%Paradex6.7664+0.213%BloFin6.7670+0.222%HTX6.7680+0.237%Orderly6.7710+0.281%Lighter6.7745+0.333%Phemex6.7770+0.370%
MEXC
Kraken Futures
Ondo Perps
Paradex
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 | −0.207% | 0.0000% | 8h | $1.3M | $519K | 100x | as long as short |
| Phoenix COPPER | −0.103% | +0.0106% | 1h | $43K | $28K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.083% | −0.0185% | 1h | $10.5M | $5.7M | 20x | as long as short |
| SoDEX COPPER-USD | −0.081% | +0.0050% | 1h | $895 | $3K | 20x | as long as short |
| OKX XCU-USDT-SWAP | −0.080% | 0.0000% | 8h | $539K | $1.1M | 50x | as long as short |
| Vest HG-PERP | −0.046% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| gTrade (Gains Network) HG/USD | −0.040% | L +0.0002% / S −0.0001% | 1h | $176K | — | 250x | as long as short |
| edgeX COPPERUSDC | −0.036% | −0.0014% | 4h | $92K | $318K | 20x | as long as short |
| Variational Omni COPPER | −0.031% | 0.0000% | 4h | $749K | $1.5M | — | as long as short |
| Bitget COPPERUSDT | −0.030% | +0.0092% | 4h | $1.6M | $1.0M | 100x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended XCU-USD | −0.025% | +0.0032% | 1h | $258K | $2.7M | 20x | as long as short |
| Pacifica COPPER | −0.019% | +0.0100% | 1h | $25K | $12K | 10x | as long as short |
| Aevo COPPER-PERP | −0.016% | +0.0104% | 1h | $309 | — | 10x | as long as short |
| QFEX COPPER-USD | −0.015% | +0.0043% | 1h | $1.5M | $94K | 20x | as long as short |
| KuCoin COPPERUSDTMshort | −0.015% | +0.0100% | 4h | $257K | $25K | 50x | |
| SunX COPPER-USDT | −0.015% | 0.0000% | 4h | — | $7.9M | 20x | as long as short |
| Aster XCUUSDT | 0.000% | 0.0000% | 4h | $32K | $52K | 50x | as long as short |
| Binance COPPERUSDTlong | 0.000% | 0.0000% | 4h | $9.0M | $34.1M | 100x | |
| MEXC COPPER_USDT | 0.000% | 0.0000% | 4h | $25.3M | $4.1M | 100x | as long as short |
| Kraken Futures PF_XCUUSD | +0.002% | +0.0390% | 1h | $26K | $55K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.003% | +0.0050% | 1h | $62K | $21K | 15x | as long as short |
| Paradex XCU-USD-PERP | +0.005% | +0.0051% | 8h | $1K | $3K | 5x | as long as short |
| BloFin COPPER-USDT | +0.015% | +0.0055% | 4h | $89K | $133K | 100x | as long as short |
| HTX COPPER-USDT | +0.030% | 0.0000% | 4h | $60K | $28K | 75x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.074% | +0.0100% | 8h | $3K | — | 10x | as long as short |
| Lighter XCU | +0.126% | +0.0080% | 1h | $473K | $44K | 20x | as long as short |
| Phemex COPPERUSDT | +0.163% | 0.0000% | 4h | $4.2M | $76K | 100x | as long as short |