After costs, if the gap returns to its 7d average, $10k−$34
spread now−0.015%7d average−0.036%fees + slippage, in and out−$36spread needed0.359%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget COPPERUSDT | 6.7800 | 0.0062 | pay 0.0031% / 4h | 1h 22m | $1.7M | $1.0M | 100x |
| Short | QFEX COPPER-USD | 6.7790 | 0.0007 | get 0.0001% / 1h | 22m 29s | $1.5M | $91K | 20x |
Bitget COPPERUSDT
QFEX COPPER-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
- −$1.47
- Funding while held
- −$1.65
- Slippage, 4 orders
- −$13.87
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$39
- Spread needed to break even
- 0.359%
Slippage from Bitget: live order book, 1 min ago; QFEX: live order book, 6 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0055%
- Per $10,000 a day
- −$1.65
- 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 | 11.2 bp −$11 | 26.4 bp −$264 | 87.9 bp −$8,787 | doesn't fit |
| Sell QFEX live order book, 6 min ago | 1.47 bp | 7.9 bp −$8 | 10.3 bp −$103 | doesn't fit | doesn't fit |
COPPER price on every exchange
against the cheapest. Click to use as the short leg.Gate6.7660cheapestOKX6.7714+0.080%tradeXYZ6.7760+0.148%Vest6.7760+0.148%Extended6.7761+0.149%Ondo Perps6.7765+0.155%SoDEX6.7767+0.158%KuCoin6.7770+0.163%gTrade (Gains Network)6.7772+0.166%Kraken Futures6.7776+0.171%Aster6.7781+0.178%Paradex6.7781+0.179%Pacifica6.7783+0.181%Binance6.7790+0.192%
Gate
OKX
tradeXYZ
Vest
Extended
Ondo Perps
SoDEX
KuCoin
gTrade (Gains Network)
Kraken Futures
Aster
Paradex
Pacifica
BinanceQFEX6.7790+0.192%
MEXC6.7790+0.192%BloFin6.7790+0.192%Phoenix6.7795+0.200%Variational Omni6.7798+0.204%
MEXC
BloFin
Phoenix
Variational OmniBitget6.7800+0.207%
SunX6.7800+0.207%Phemex6.7800+0.207%Aevo6.7804+0.213%edgeX6.7807+0.217%HTX6.7820+0.236%Orderly6.7870+0.310%Lighter6.7887+0.336%
SunX
Phemex
Aevo
HTX
Orderly
LighterCOPPER on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate XCU_USDT | −0.206% | 0.0000% | 8h | $1.3M | $524K | 100x | as long as short |
| OKX XCU-USDT-SWAP | −0.127% | 0.0000% | 8h | $540K | $1.1M | 50x | as long as short |
| tradeXYZ xyz:COPPER | −0.059% | −0.0088% | 1h | $10.5M | $5.8M | 20x | as long as short |
| Vest HG-PERP | −0.059% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| Extended XCU-USD | −0.058% | +0.0032% | 1h | $241K | $2.9M | 20x | as long as short |
| Ondo Perps COPPER-USD.P | −0.052% | +0.0050% | 1h | $62K | $21K | 15x | as long as short |
| SoDEX COPPER-USD | −0.049% | +0.0050% | 1h | $897 | $3K | 20x | as long as short |
| KuCoin COPPERUSDTM | −0.044% | +0.0100% | 4h | $258K | $25K | 50x | as long as short |
| gTrade (Gains Network) HG/USD | −0.041% | L +0.0002% / S −0.0001% | 1h | $176K | — | 250x | as long as short |
| Kraken Futures PF_XCUUSD | −0.036% | +0.0596% | 1h | $26K | $47K | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster XCUUSDT | −0.029% | 0.0000% | 4h | $32K | $52K | 50x | as long as short |
| Paradex XCU-USD-PERP | −0.028% | +0.0050% | 8h | $1K | $3K | 5x | as long as short |
| Pacifica COPPER | −0.025% | +0.0100% | 1h | $25K | $11K | 10x | as long as short |
| Binance COPPERUSDT | −0.015% | 0.0000% | 4h | $9.0M | $34.4M | 100x | as long as short |
| QFEX COPPER-USDshort | −0.015% | +0.0007% | 1h | $1.5M | $91K | 20x | |
| MEXC COPPER_USDT | −0.015% | 0.0000% | 4h | $25.5M | $4.1M | 100x | as long as short |
| BloFin COPPER-USDT | −0.015% | −0.0046% | 4h | $89K | $140K | 100x | as long as short |
| Phoenix COPPER | −0.007% | −0.0036% | 1h | $43K | $28K | 20x | as long as short |
| Variational Omni COPPER | −0.003% | 0.0000% | 4h | $765K | $1.6M | — | as long as short |
| Bitget COPPERUSDTlong | 0.000% | +0.0062% | 4h | $1.7M | $1.0M | 100x | |
| SunX COPPER-USDT | 0.000% | 0.0000% | 4h | — | $7.9M | 20x | as long as short |
| Phemex COPPERUSDT | 0.000% | 0.0000% | 4h | $4.2M | $79K | 100x | as long as short |
| Aevo COPPER-PERP | +0.006% | +0.0104% | 1h | $310 | — | 10x | as long as short |
| edgeX COPPERUSDC | +0.010% | −0.0020% | 4h | $93K | $317K | 20x | as long as short |
| HTX COPPER-USDT | +0.029% | 0.0000% | 4h | $60K | $28K | 75x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.103% | +0.0100% | 8h | $3K | — | 10x | as long as short |
| Lighter XCU | +0.128% | +0.0032% | 1h | $474K | $44K | 20x | as long as short |