After costs, if the gap returns to its 7d average, $10k−$470
spread now+0.020%7d average+0.051%fees + slippage, in and out−$467spread needed4.671%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget COPPERUSDT | 6.7640 | 0.0088 | pay 0.0044% / 4h | 2h 06m | $1.6M | $1.0M | 100x |
| Short | gTrade (Gains Network) HG/USD | 6.7653 | L +0.0002% / S −0.0001% | get 0.0000% / 1h | 6m 57s | $176K | — | 250x |
Bitget COPPERUSDT
gTrade (Gains Network) HG/USDPrice 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
- $2
- Funding while held
- −$2.6
- Slippage, 4 orders
- −$445.1
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$467.7
- Spread needed to break even
- 4.671%
Slippage from Bitget: live order book, 1 min ago; gTrade (Gains Network): virtual book (oracle venue), 9 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0087%
- Per $10,000 a day
- −$2.60
- 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 Bitget live order book, 1 min ago | 0.74 bp | 10.6 bp −$11 | 24.9 bp −$249 | 105.9 bp −$10.6K | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 9 min ago | 130.00 bp | 213.6 bp −$214 | 1617.5 bp −$16.2K | doesn't fit | doesn't fit |
COPPER price on every exchange
against the cheapest. Click to use as the short leg.Gate6.7520cheapestPhoenix6.7581+0.090%Ondo Perps6.7588+0.101%tradeXYZ6.7607+0.129%OKX6.7612+0.136%SoDEX6.7617+0.144%Variational Omni6.7621+0.149%edgeX6.7622+0.152%Vest6.7638+0.175%
Gate
Phoenix
Ondo Perps
tradeXYZ
OKX
SoDEX
Variational Omni
VestBitget6.7640+0.178%
HTX6.7640+0.178%Pacifica6.7644+0.184%QFEX6.7650+0.193%KuCoin6.7650+0.193%
HTX
Pacifica
QFEX
KuCoingTrade (Gains Network)6.7653+0.198%
Kraken Futures6.7654+0.198%Extended6.7656+0.201%Paradex6.7664+0.213%Aster6.7666+0.216%Aevo6.7669+0.221%MEXC6.7670+0.222%SunX6.7670+0.222%Binance6.7680+0.237%BloFin6.7680+0.237%Orderly6.7730+0.311%Lighter6.7764+0.361%Phemex6.7770+0.370%
Kraken Futures
Extended
Paradex
Aster
Aevo
MEXC
SunX
Binance
BloFin
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 | −0.177% | 0.0000% | 8h | $1.3M | $525K | 100x | as long as short |
| Phoenix COPPER | −0.087% | +0.0106% | 1h | $43K | $28K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | −0.077% | +0.0050% | 1h | $62K | $21K | 15x | as long as short |
| tradeXYZ xyz:COPPER | −0.049% | −0.0186% | 1h | $10.5M | $5.7M | 20x | as long as short |
| OKX XCU-USDT-SWAP | −0.041% | 0.0000% | 8h | $539K | $1.1M | 50x | as long as short |
| SoDEX COPPER-USD | −0.034% | +0.0050% | 1h | $895 | $3K | 20x | as long as short |
| Variational Omni COPPER | −0.028% | 0.0000% | 4h | $747K | $1.5M | — | as long as short |
| edgeX COPPERUSDC | −0.026% | −0.0007% | 4h | $92K | $316K | 20x | as long as short |
| Vest HG-PERP | −0.003% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| Bitget COPPERUSDTlong | 0.000% | +0.0088% | 4h | $1.6M | $1.0M | 100x |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.000% | 0.0000% | 4h | $60K | $28K | 75x | as long as short |
| Pacifica COPPER | +0.006% | +0.0100% | 1h | $25K | $12K | 10x | as long as short |
| QFEX COPPER-USD | +0.015% | +0.0043% | 1h | $1.5M | $94K | 20x | as long as short |
| KuCoin COPPERUSDTM | +0.015% | +0.0100% | 4h | $257K | $25K | 50x | as long as short |
| gTrade (Gains Network) HG/USDshort | +0.020% | L +0.0002% / S −0.0001% | 1h | $176K | — | 250x | |
| Kraken Futures PF_XCUUSD | +0.020% | +0.0390% | 1h | $26K | $55K | 20x | as long as short |
| Extended XCU-USD | +0.024% | +0.0032% | 1h | $258K | $2.7M | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.035% | +0.0051% | 8h | $1K | $3K | 5x | as long as short |
| Aster XCUUSDT | +0.038% | 0.0000% | 4h | $32K | $52K | 50x | as long as short |
| Aevo COPPER-PERP | +0.043% | +0.0104% | 1h | $309 | — | 10x | as long as short |
| MEXC COPPER_USDT | +0.044% | 0.0000% | 4h | $25.5M | $4.1M | 100x | as long as short |
| SunX COPPER-USDT | +0.044% | 0.0000% | 4h | — | $7.9M | 20x | as long as short |
| Binance COPPERUSDT | +0.059% | 0.0000% | 4h | $9.0M | $34.3M | 100x | as long as short |
| BloFin COPPER-USDT | +0.059% | +0.0052% | 4h | $89K | $139K | 100x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.133% | +0.0100% | 8h | $3K | — | 10x | as long as short |
| Lighter XCU | +0.183% | +0.0056% | 1h | $474K | $44K | 20x | as long as short |
| Phemex COPPERUSDT | +0.192% | 0.0000% | 4h | $4.2M | $77K | 100x | as long as short |