After costs, if the gap returns to its 7d average, $10k−$41
spread now−0.068%7d average+0.004%fees + slippage, in and out−$34spread needed0.337%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COPPERUSDT | 6.8256 | 0 | get 0.0000% / 4h | 2h 26m | $9.7M | $30.0M | 100x |
| Short | tradeXYZ xyz:COPPER | 6.8209 | 0.0050 | get 0.0006% / 1h | 26m 56s | $10.5M | $5.3M | 20x |
Binance COPPERUSDT
tradeXYZ xyz: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
- −$6.82
- Funding while held
- $1.5
- Slippage, 4 orders
- −$5.65
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$38.98
- Spread needed to break even
- 0.337%
Slippage from Binance: live order book, 1 min ago; tradeXYZ: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0050%
- Per $10,000 a day
- +$1.50
- 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, 1 min ago | 0.73 bp | 5.7 bp −$6 | 10.5 bp −$105 | 59.9 bp −$5,986 | doesn't fit |
| Sell tradeXYZ live order book, 2 min ago | 0.88 bp | 10.7 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
COPPER price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni6.8192cheapestExtended6.8195+0.005%gTrade (Gains Network)6.8203+0.017%
Variational Omni
Extended
gTrade (Gains Network)tradeXYZ6.8209+0.025%
Gate6.8210+0.027%SoDEX6.8211+0.028%Vest6.8221+0.043%Aster6.8230+0.056%Aevo6.8233+0.061%Phoenix6.8239+0.069%QFEX6.8240+0.071%edgeX6.8245+0.078%OKX6.8245+0.078%Pacifica6.8250+0.085%BloFin6.8250+0.085%
Gate
SoDEX
Vest
Aster
Aevo
Phoenix
QFEX
OKX
Pacifica
BloFinBinance6.8256+0.094%
Paradex6.8258+0.098%MEXC6.8260+0.100%Bitget6.8260+0.100%SunX6.8260+0.100%Phemex6.8260+0.100%HTX6.8270+0.115%Ondo Perps6.8271+0.116%Orderly6.8300+0.159%Kraken Futures6.8314+0.179%KuCoin6.8340+0.217%Lighter6.8375+0.269%
Paradex
MEXC
Bitget
SunX
Phemex
HTX
Ondo Perps
Orderly
Kraken Futures
KuCoin
LighterCOPPER on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni COPPER | −0.094% | 0.0000% | 4h | $811K | $1.3M | — | as long as short |
| Extended XCU-USD | −0.089% | +0.0376% | 1h | $405K | $2.0M | 20x | as long as short |
| gTrade (Gains Network) HG/USD | −0.077% | L +0.0002% / S −0.0001% | 1h | $307K | — | 250x | as long as short |
| tradeXYZ xyz:COPPERshort | −0.068% | +0.0050% | 1h | $10.5M | $5.3M | 20x | |
| Gate XCU_USDT | −0.067% | 0.0000% | 8h | $1.3M | $488K | 100x | as long as short |
| SoDEX COPPER-USD | −0.065% | +0.0050% | 1h | $903 | $3K | 20x | as long as short |
| Vest HG-PERP | −0.051% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| Aster XCUUSDT | −0.037% | 0.0000% | 4h | $33K | $50K | 50x | as long as short |
| Aevo COPPER-PERP | −0.032% | +0.0104% | 1h | $312 | — | 10x | as long as short |
| Phoenix COPPER | −0.024% | +0.0117% | 1h | $43K | $28K | 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% | +0.0057% | 1h | $1.5M | $39K | 20x | as long as short |
| edgeX COPPERUSDC | −0.016% | −0.0002% | 4h | $93K | $313K | 20x | as long as short |
| OKX XCU-USDT-SWAP | −0.015% | 0.0000% | 8h | $480K | $876K | 50x | as long as short |
| Pacifica COPPER | −0.008% | +0.0100% | 1h | $26K | $9K | 10x | as long as short |
| BloFin COPPER-USDT | −0.008% | −0.0005% | 4h | $90K | $119K | 100x | as long as short |
| Binance COPPERUSDTlong | 0.000% | 0.0000% | 4h | $9.7M | $30.0M | 100x | |
| Paradex XCU-USD-PERP | +0.004% | +0.0060% | 8h | $2K | $3K | 5x | as long as short |
| MEXC COPPER_USDT | +0.006% | 0.0000% | 4h | $26.1M | $3.5M | 100x | as long as short |
| Bitget COPPERUSDT | +0.006% | 0.0000% | 4h | $1.6M | $889K | 100x | as long as short |
| SunX COPPER-USDT | +0.006% | 0.0000% | 4h | — | $6.5M | 20x | as long as short |
| Phemex COPPERUSDT | +0.006% | 0.0000% | 4h | $4.2M | $63K | 100x | as long as short |
| HTX COPPER-USDT | +0.021% | 0.0000% | 4h | $61K | $29K | 75x | as long as short |
| Ondo Perps COPPER-USD.P | +0.023% | +0.0050% | 1h | $64K | $12K | 15x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.065% | +0.0100% | 8h | $3K | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.086% | +0.0048% | 1h | $26K | $206K | 20x | as long as short |
| KuCoin COPPERUSDTM | +0.124% | +0.0100% | 4h | $262K | $8K | 50x | as long as short |
| Lighter XCU | +0.175% | +0.0392% | 1h | $478K | $36K | 20x | as long as short |