After costs, if the gap returns to its 7d average, $10k−$15
spread now−0.015%7d average−0.004%fees + slippage, in and out−$14spread needed0.144%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COPPERUSDT | 6.7970 | 0 | get 0.0000% / 4h | 1h 27m | $9.2M | $31.9M | 100x |
| Short | MEXC COPPER_USDT | 6.7960 | 0 | get 0.0000% / 4h | 1h 27m | $26.2M | $3.9M | 100x |
Binance COPPERUSDT
MEXC COPPER_USDTPrice 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
- −$1.47
- Funding while held
- $0
- Slippage, 4 orders
- −$4.37
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$15.84
- Spread needed to break even
- 0.144%
Slippage from Binance: live order book, 15 min ago; MEXC: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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, 15 min ago | 0.74 bp | 5.7 bp −$6 | 10.1 bp −$101 | 73.3 bp −$7,326 | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.74 bp | 2.2 bp −$2 | 2.8 bp −$28 | 5.8 bp −$578 | 248.8 bp −$124.4K |
COPPER price on every exchange
against the cheapest. Click to use as the short leg.Gate6.7850cheapestSoDEX6.7902+0.077%gTrade (Gains Network)6.7903+0.078%OKX6.7914+0.094%Vest6.7915+0.096%tradeXYZ6.7916+0.097%Ondo Perps6.7920+0.103%Extended6.7923+0.108%Pacifica6.7936+0.127%Paradex6.7937+0.128%Aevo6.7944+0.139%Kraken Futures6.7945+0.139%Variational Omni6.7949+0.146%QFEX6.7950+0.147%edgeX6.7953+0.152%
Gate
SoDEX
gTrade (Gains Network)
OKX
Vest
tradeXYZ
Ondo Perps
Extended
Pacifica
Paradex
Aevo
Kraken Futures
Variational Omni
QFEXMEXC6.7960+0.162%
Bitget6.7960+0.162%SunX6.7960+0.162%BloFin6.7960+0.162%
Bitget
SunX
BloFinBinance6.7970+0.177%
Aster6.7970+0.177%Phoenix6.7983+0.196%Orderly6.8020+0.251%HTX6.8030+0.265%Lighter6.8058+0.307%KuCoin6.8100+0.368%Phemex6.8140+0.427%
Aster
Phoenix
Orderly
HTX
Lighter
KuCoin
PhemexCOPPER on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate XCU_USDT | −0.177% | 0.0000% | 8h | $1.3M | $508K | 100x | as long as short |
| SoDEX COPPER-USD | −0.100% | +0.0050% | 1h | $899 | $3K | 20x | as long as short |
| gTrade (Gains Network) HG/USD | −0.099% | L +0.0002% / S −0.0001% | 1h | $305K | — | 250x | as long as short |
| OKX XCU-USDT-SWAP | −0.082% | 0.0000% | 8h | $535K | $991K | 50x | as long as short |
| Vest HG-PERP | −0.081% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| tradeXYZ xyz:COPPER | −0.079% | +0.0050% | 1h | $10.5M | $5.5M | 20x | as long as short |
| Ondo Perps COPPER-USD.P | −0.074% | +0.0050% | 1h | $62K | $13K | 15x | as long as short |
| Extended XCU-USD | −0.069% | +0.0088% | 1h | $337K | $2.3M | 20x | as long as short |
| Pacifica COPPER | −0.050% | +0.0100% | 1h | $25K | $9K | 10x | as long as short |
| Paradex XCU-USD-PERP | −0.049% | +0.0053% | 8h | $1K | $3K | 5x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo COPPER-PERP | −0.038% | +0.0104% | 1h | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | −0.037% | +0.1448% | 1h | $26K | $206K | 20x | as long as short |
| Variational Omni COPPER | −0.031% | 0.0000% | 4h | $806K | $1.4M | — | as long as short |
| QFEX COPPER-USD | −0.029% | +0.0019% | 1h | $1.5M | $48K | 20x | as long as short |
| edgeX COPPERUSDC | −0.025% | −0.0017% | 4h | $93K | $317K | 20x | as long as short |
| MEXC COPPER_USDTshort | −0.015% | 0.0000% | 4h | $26.2M | $3.9M | 100x | |
| Bitget COPPERUSDT | −0.015% | 0.0000% | 4h | $1.7M | $972K | 100x | as long as short |
| SunX COPPER-USDT | −0.015% | 0.0000% | 4h | — | $7.2M | 20x | as long as short |
| BloFin COPPER-USDT | −0.015% | +0.0030% | 4h | $89K | $125K | 100x | as long as short |
| Binance COPPERUSDTlong | 0.000% | 0.0000% | 4h | $9.2M | $31.9M | 100x | |
| Aster XCUUSDT | 0.000% | 0.0000% | 4h | $33K | $51K | 50x | as long as short |
| Phoenix COPPER | +0.019% | +0.0153% | 1h | $43K | $28K | 20x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.074% | +0.0100% | 8h | $3K | — | 10x | as long as short |
| HTX COPPER-USDT | +0.088% | 0.0000% | 4h | $60K | $29K | 75x | as long as short |
| Lighter XCU | +0.129% | +0.0112% | 1h | $476K | $38K | 20x | as long as short |
| KuCoin COPPERUSDTM | +0.191% | +0.0462% | 4h | $261K | $8K | 50x | as long as short |
| Phemex COPPERUSDT | +0.250% | 0.0000% | 4h | $4.2M | $67K | 100x | as long as short |