Spread before costs (cost unknown: a leg has no order-book sample)+0.020%
7d average—if it closes, per $10,000$2funding while held, a day+$4.59
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COPPERUSDT | 6.7965 | 0 | get 0.0000% / 4h | 1h 32m | $9.2M | $31.8M | 100x |
| Short | Phoenix COPPER | 6.7979 | 0.0153 | get 0.0019% / 1h | 32m 16s | $43K | $28K | 20x |
Binance COPPERUSDT
Phoenix COPPERPrice 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
- $1.99
- Funding while held
- $4.59
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$10.42
- Spread needed to break even
- 0.170%
Slippage unknown: Binance: live order book, 11 min ago; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0153%
- Per $10,000 a day
- +$4.59
- 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, 11 min ago | 0.74 bp | 5.7 bp −$6 | 10.1 bp −$101 | 73.3 bp −$7,326 | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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.Gate6.7850cheapestgTrade (Gains Network)6.7898+0.071%Vest6.7899+0.072%SoDEX6.7900+0.074%Extended6.7904+0.079%tradeXYZ6.7920+0.103%OKX6.7920+0.103%Paradex6.7923+0.108%Aevo6.7941+0.134%Kraken Futures6.7947+0.143%QFEX6.7950+0.147%MEXC6.7950+0.147%Bitget6.7950+0.147%BloFin6.7950+0.147%Pacifica6.7955+0.155%Aster6.7960+0.162%SunX6.7960+0.162%edgeX6.7962+0.165%
Gate
gTrade (Gains Network)
Vest
SoDEX
Extended
tradeXYZ
OKX
Paradex
Aevo
Kraken Futures
QFEX
MEXC
Bitget
BloFin
Pacifica
Aster
SunXBinance6.7965+0.170%
Variational Omni6.7968+0.174%Ondo Perps6.7979+0.190%
Variational Omni
Ondo PerpsPhoenix6.7979+0.190%
HTX6.7980+0.192%Orderly6.8020+0.251%Lighter6.8043+0.284%KuCoin6.8100+0.368%Phemex6.8130+0.413%
HTX
Orderly
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 | −0.170% | 0.0000% | 8h | $1.3M | $508K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | −0.099% | L +0.0002% / S −0.0001% | 1h | $305K | — | 250x | as long as short |
| Vest HG-PERP | −0.098% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| SoDEX COPPER-USD | −0.096% | +0.0050% | 1h | $899 | $3K | 20x | as long as short |
| Extended XCU-USD | −0.091% | +0.0152% | 1h | $380K | $2.2M | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.067% | +0.0050% | 1h | $10.5M | $5.5M | 20x | as long as short |
| OKX XCU-USDT-SWAP | −0.067% | 0.0000% | 8h | $535K | $990K | 50x | as long as short |
| Paradex XCU-USD-PERP | −0.062% | +0.0053% | 8h | $1K | $3K | 5x | as long as short |
| Aevo COPPER-PERP | −0.036% | +0.0104% | 1h | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | −0.027% | +0.1448% | 1h | $26K | $206K | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| QFEX COPPER-USD | −0.023% | +0.0019% | 1h | $1.5M | $48K | 20x | as long as short |
| MEXC COPPER_USDT | −0.023% | 0.0000% | 4h | $26.2M | $3.9M | 100x | as long as short |
| Bitget COPPERUSDT | −0.023% | 0.0000% | 4h | $1.7M | $972K | 100x | as long as short |
| BloFin COPPER-USDT | −0.023% | −0.0043% | 4h | $89K | $125K | 100x | as long as short |
| Pacifica COPPER | −0.015% | +0.0100% | 1h | $25K | $9K | 10x | as long as short |
| Aster XCUUSDT | −0.008% | 0.0000% | 4h | $33K | $51K | 50x | as long as short |
| SunX COPPER-USDT | −0.008% | 0.0000% | 4h | — | $7.1M | 20x | as long as short |
| edgeX COPPERUSDC | −0.005% | −0.0009% | 4h | $93K | $317K | 20x | as long as short |
| Binance COPPERUSDTlong | 0.000% | 0.0000% | 4h | $9.2M | $31.8M | 100x | |
| Variational Omni COPPER | +0.004% | 0.0000% | 4h | $807K | $1.4M | — | as long as short |
| Ondo Perps COPPER-USD.P | +0.020% | +0.0050% | 1h | $62K | $13K | 15x | as long as short |
| Phoenix COPPERshort | +0.020% | +0.0153% | 1h | $43K | $28K | 20x | |
| HTX COPPER-USDT | +0.021% | 0.0000% | 4h | $60K | $29K | 75x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.080% | +0.0100% | 8h | $3K | — | 10x | as long as short |
| Lighter XCU | +0.114% | +0.0112% | 1h | $476K | $37K | 20x | as long as short |
| KuCoin COPPERUSDTM | +0.198% | +0.0414% | 4h | $261K | $8K | 50x | as long as short |
| Phemex COPPERUSDT | +0.242% | 0.0000% | 4h | $4.2M | $67K | 100x | as long as short |