COPPER

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After costs, if the gap returns to its 7d average, $10k−$70

spread now−0.163%7d average−0.064%fees + slippage, in and out−$60spread needed0.601%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin COPPER-USDT	6.7610	−0.0024	get 0.0012% / 4h	2h 08m	$89K	$139K	100x
Short	Gate XCU_USDT	6.7500	0	get 0.0000% / 8h	6h 08m	$1.3M	$525K	100x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee BloFinbpFee GatebpOrdersClose when spread is

Slippage from BloFin: live order book, 19 min ago; Gate: live order book, 5 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 19 min ago	0.74 bp	6.7 bp −$7	9.7 bp −$97	38.6 bp −$3,863	126.1 bp −$63.0K
Sell Gate live order book, 5 min ago	3.70 bp	19.1 bp −$19	201.3 bp −$2,013	doesn't fit	doesn't fit

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Gate XCU_USDTshort	−0.163%	0.0000%	8h	$1.3M	$525K	100x
tradeXYZ xyz:COPPER	−0.093%	−0.0185%	1h	$10.5M	$5.7M	20x	as long as short
OKX XCU-USDT-SWAP	−0.065%	0.0000%	8h	$539K	$1.1M	50x	as long as short
SoDEX COPPER-USD	−0.056%	+0.0050%	1h	$895	$3K	20x	as long as short
Phoenix COPPER	−0.043%	+0.0106%	1h	$43K	$28K	20x	as long as short
Ondo Perps COPPER-USD.P	−0.033%	+0.0050%	1h	$62K	$21K	15x	as long as short
Vest HG-PERP	−0.018%	+0.0046%	1h	—	$82K	25x	as long as short
MEXC COPPER_USDT	−0.015%	0.0000%	4h	$25.3M	$4.1M	100x	as long as short
gTrade (Gains Network) HG/USD	−0.014%	L +0.0002% / S −0.0001%	1h	$175K	—	250x	as long as short
Pacifica COPPER	−0.011%	+0.0100%	1h	$25K	$12K	10x	as long as short

Show all 27 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Extended XCU-USD	−0.005%	+0.0032%	1h	$258K	$2.7M	20x	as long as short
KuCoin COPPERUSDTM	0.000%	+0.0100%	4h	$257K	$25K	50x	as long as short
SunX COPPER-USDT	0.000%	0.0000%	4h	—	$7.9M	20x	as long as short
BloFin COPPER-USDTlong	0.000%	−0.0024%	4h	$89K	$139K	100x
Binance COPPERUSDT	+0.005%	0.0000%	4h	$9.0M	$34.2M	100x	as long as short
Aster XCUUSDT	+0.012%	0.0000%	4h	$32K	$52K	50x	as long as short
Aevo COPPER-PERP	+0.012%	+0.0104%	1h	$309	—	10x	as long as short
QFEX COPPER-USD	+0.015%	+0.0043%	1h	$1.5M	$94K	20x	as long as short
Bitget COPPERUSDT	+0.015%	+0.0088%	4h	$1.6M	$1.0M	100x	as long as short
Variational Omni COPPER	+0.016%	0.0000%	4h	$747K	$1.5M	—	as long as short
edgeX COPPERUSDC	+0.019%	−0.0014%	4h	$92K	$316K	20x	as long as short
Paradex XCU-USD-PERP	+0.025%	+0.0051%	8h	$1K	$3K	5x	as long as short
Kraken Futures PF_XCUUSD	+0.030%	+0.0390%	1h	$26K	$55K	20x	as long as short
HTX COPPER-USDT	+0.044%	0.0000%	4h	$60K	$28K	75x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.118%	+0.0100%	8h	$3K	—	10x	as long as short
Lighter XCU	+0.161%	+0.0056%	1h	$473K	$44K	20x	as long as short
Phemex COPPERUSDT	+0.207%	0.0000%	4h	$4.2M	$77K	100x	as long as short