After costs, if the gap returns to its 7d average, $10k−$7
spread now+0.100%7d average−0.041%fees + slippage, in and out−$21spread needed0.210%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XCU-USD | 6.7898 | 0.0136 | pay 0.0017% / 1h | 32m 30s | $380K | $2.2M | 20x |
| Short | Binance COPPERUSDT | 6.7966 | 0 | get 0.0000% / 4h | 1h 32m | $9.2M | $31.8M | 100x |
Extended XCU-USD
Binance COPPERUSDTPrice 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
- $10.01
- Funding while held
- −$4.08
- Slippage, 4 orders
- −$5.99
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$15.06
- Spread needed to break even
- 0.210%
Slippage from Extended: live order book, 3 min ago; Binance: live order book, 11 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0136%
- Per $10,000 a day
- −$4.08
- 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 Extended live order book, 3 min ago | 0.66 bp | 3.9 bp −$4 | 67.2 bp −$672 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 0.74 bp | 5.7 bp −$6 | 8.7 bp −$87 | 66.4 bp −$6,641 | doesn't fit |
COPPER price on every exchange
against the cheapest. Click to use as the short leg.Gate6.7850cheapest
GateExtended6.7898+0.070%
Vest6.7899+0.072%gTrade (Gains Network)6.7907+0.083%SoDEX6.7915+0.096%tradeXYZ6.7920+0.103%OKX6.7920+0.103%Paradex6.7923+0.108%Aevo6.7942+0.136%Kraken Futures6.7948+0.144%QFEX6.7950+0.147%MEXC6.7950+0.147%Bitget6.7950+0.147%BloFin6.7950+0.147%Pacifica6.7955+0.155%SunX6.7960+0.162%Aster6.7961+0.164%edgeX6.7962+0.165%
Vest
gTrade (Gains Network)
SoDEX
tradeXYZ
OKX
Paradex
Aevo
Kraken Futures
QFEX
MEXC
Bitget
BloFin
Pacifica
SunX
AsterBinance6.7966+0.170%
Variational Omni6.7968+0.174%Ondo Perps6.7979+0.190%Phoenix6.7979+0.190%HTX6.7980+0.192%Orderly6.8030+0.265%Lighter6.8039+0.279%KuCoin6.8080+0.339%Phemex6.8130+0.413%
Variational Omni
Ondo Perps
Phoenix
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 | −0.070% | 0.0000% | 8h | $1.3M | $508K | 100x | as long as short |
| Extended XCU-USDlong | 0.000% | +0.0136% | 1h | $380K | $2.2M | 20x | |
| Vest HG-PERP | +0.002% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| gTrade (Gains Network) HG/USD | +0.013% | L +0.0002% / S −0.0001% | 1h | $305K | — | 250x | as long as short |
| SoDEX COPPER-USD | +0.026% | +0.0050% | 1h | $899 | $3K | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.033% | +0.0050% | 1h | $10.5M | $5.5M | 20x | as long as short |
| OKX XCU-USDT-SWAP | +0.033% | 0.0000% | 8h | $535K | $990K | 50x | as long as short |
| Paradex XCU-USD-PERP | +0.038% | +0.0053% | 8h | $1K | $3K | 5x | as long as short |
| Aevo COPPER-PERP | +0.066% | +0.0104% | 1h | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.074% | +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 | +0.077% | +0.0019% | 1h | $1.5M | $48K | 20x | as long as short |
| MEXC COPPER_USDT | +0.077% | 0.0000% | 4h | $26.2M | $3.9M | 100x | as long as short |
| Bitget COPPERUSDT | +0.077% | 0.0000% | 4h | $1.7M | $972K | 100x | as long as short |
| BloFin COPPER-USDT | +0.077% | −0.0043% | 4h | $89K | $125K | 100x | as long as short |
| Pacifica COPPER | +0.085% | +0.0100% | 1h | $25K | $9K | 10x | as long as short |
| SunX COPPER-USDT | +0.092% | 0.0000% | 4h | — | $7.1M | 20x | as long as short |
| Aster XCUUSDT | +0.093% | 0.0000% | 4h | $33K | $51K | 50x | as long as short |
| edgeX COPPERUSDC | +0.095% | −0.0009% | 4h | $93K | $317K | 20x | as long as short |
| Binance COPPERUSDTshort | +0.100% | 0.0000% | 4h | $9.2M | $31.8M | 100x | |
| Variational Omni COPPER | +0.104% | 0.0000% | 4h | $807K | $1.4M | — | as long as short |
| Ondo Perps COPPER-USD.P | +0.120% | +0.0050% | 1h | $62K | $13K | 15x | as long as short |
| Phoenix COPPER | +0.120% | +0.0153% | 1h | $43K | $28K | 20x | as long as short |
| HTX COPPER-USDT | +0.121% | 0.0000% | 4h | $60K | $29K | 75x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.195% | +0.0100% | 8h | $3K | — | 10x | as long as short |
| Lighter XCU | +0.208% | +0.0112% | 1h | $476K | $37K | 20x | as long as short |
| KuCoin COPPERUSDTM | +0.269% | +0.0396% | 4h | $261K | $8K | 50x | as long as short |
| Phemex COPPERUSDT | +0.342% | 0.0000% | 4h | $4.2M | $67K | 100x | as long as short |