After costs, if the gap returns to its 7d average, $10k−$101
spread now+0.335%7d average−0.092%fees + slippage, in and out−$143spread needed1.435%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XCU-USD | 6.7952 | 0.0128 | pay 0.0016% / 1h | 29m 30s | $337K | $2.3M | 20x |
| Short | Phemex COPPERUSDT | 6.8180 | 0 | get 0.0000% / 4h | 1h 29m | $4.2M | $67K | 100x |
Extended XCU-USD
Phemex 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
- $33.5
- Funding while held
- −$3.84
- Slippage, 4 orders
- −$126.47
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$113.81
- Spread needed to break even
- 1.435%
Slippage from Extended: live order book, 6 min ago; Phemex: live order book, 6 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0128%
- Per $10,000 a day
- −$3.84
- 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, 6 min ago | 0.66 bp | 3.9 bp −$4 | 67.2 bp −$672 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 1.47 bp | 66.8 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
COPPER price on every exchange
against the cheapest. Click to use as the short leg.Gate6.7870cheapestOndo Perps6.7920+0.074%tradeXYZ6.7935+0.096%OKX6.7938+0.100%Vest6.7938+0.100%Variational Omni6.7949+0.116%Bitget6.7950+0.118%
Gate
Ondo Perps
tradeXYZ
OKX
Vest
Variational Omni
BitgetExtended6.7952+0.121%
edgeX6.7953+0.122%SoDEX6.7967+0.143%Paradex6.7968+0.144%QFEX6.7970+0.147%MEXC6.7970+0.147%BloFin6.7970+0.147%Binance6.7972+0.150%gTrade (Gains Network)6.7977+0.158%Phoenix6.7983+0.166%Pacifica6.7984+0.169%Kraken Futures6.7987+0.173%Aevo6.7988+0.174%Aster6.8010+0.206%SunX6.8010+0.206%HTX6.8030+0.236%Orderly6.8060+0.280%Lighter6.8090+0.324%KuCoin6.8110+0.354%
SoDEX
Paradex
QFEX
MEXC
BloFin
Binance
gTrade (Gains Network)
Phoenix
Pacifica
Kraken Futures
Aevo
Aster
SunX
HTX
Orderly
Lighter
KuCoinPhemex6.8180+0.457%
COPPER on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate XCU_USDT | −0.121% | 0.0000% | 8h | $1.3M | $508K | 100x | as long as short |
| Ondo Perps COPPER-USD.P | −0.048% | +0.0050% | 1h | $62K | $13K | 15x | as long as short |
| tradeXYZ xyz:COPPER | −0.026% | +0.0050% | 1h | $10.5M | $5.5M | 20x | as long as short |
| OKX XCU-USDT-SWAP | −0.021% | 0.0000% | 8h | $535K | $991K | 50x | as long as short |
| Vest HG-PERP | −0.021% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| Variational Omni COPPER | −0.005% | 0.0000% | 4h | $806K | $1.4M | — | as long as short |
| Bitget COPPERUSDT | −0.003% | 0.0000% | 4h | $1.7M | $972K | 100x | as long as short |
| Extended XCU-USDlong | 0.000% | +0.0128% | 1h | $337K | $2.3M | 20x | |
| edgeX COPPERUSDC | +0.001% | −0.0017% | 4h | $93K | $317K | 20x | as long as short |
| SoDEX COPPER-USD | +0.022% | +0.0050% | 1h | $900 | $3K | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex XCU-USD-PERP | +0.023% | +0.0053% | 8h | $1K | $3K | 5x | as long as short |
| QFEX COPPER-USD | +0.026% | +0.0019% | 1h | $1.5M | $48K | 20x | as long as short |
| MEXC COPPER_USDT | +0.026% | 0.0000% | 4h | $26.2M | $3.9M | 100x | as long as short |
| BloFin COPPER-USDT | +0.026% | +0.0047% | 4h | $89K | $125K | 100x | as long as short |
| Binance COPPERUSDT | +0.029% | 0.0000% | 4h | $9.2M | $31.9M | 100x | as long as short |
| gTrade (Gains Network) HG/USD | +0.037% | L +0.0002% / S −0.0001% | 1h | $306K | — | 250x | as long as short |
| Phoenix COPPER | +0.045% | +0.0153% | 1h | $43K | $28K | 20x | as long as short |
| Pacifica COPPER | +0.047% | +0.0100% | 1h | $25K | $9K | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.051% | +0.1447% | 1h | $26K | $206K | 20x | as long as short |
| Aevo COPPER-PERP | +0.052% | +0.0104% | 1h | $311 | — | 10x | as long as short |
| Aster XCUUSDT | +0.085% | 0.0000% | 4h | $33K | $51K | 50x | as long as short |
| SunX COPPER-USDT | +0.085% | 0.0000% | 4h | — | $7.2M | 20x | as long as short |
| HTX COPPER-USDT | +0.114% | 0.0000% | 4h | $60K | $29K | 75x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.158% | +0.0100% | 8h | $3K | — | 10x | as long as short |
| Lighter XCU | +0.203% | +0.0112% | 1h | $476K | $38K | 20x | as long as short |
| KuCoin COPPERUSDTM | +0.232% | +0.0446% | 4h | $261K | $8K | 50x | as long as short |
| Phemex COPPERUSDTshort | +0.335% | 0.0000% | 4h | $4.2M | $67K | 100x |