After costs, if the gap returns to its 7d average, $10k−$449
spread now+0.020%7d average−0.055%fees + slippage, in and out−$457spread needed4.567%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) HG/USD | 6.7756 | L +0.0002% / S −0.0001% | pay 0.0000% / 1h | 35m 27s | $176K | — | 250x |
| Short | Binance COPPERUSDT | 6.7770 | 0 | get 0.0000% / 4h | 35m 27s | $9.0M | $33.3M | 100x |
gTrade (Gains Network) HG/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
- $2.04
- Funding while held
- −$0.06
- Slippage, 4 orders
- −$436.73
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$454.75
- Spread needed to break even
- 4.567%
Slippage from gTrade (Gains Network): virtual book (oracle venue), 55 min ago; Binance: live order book, 8 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0002%
- Per $10,000 a day
- −$0.06
- 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 gTrade (Gains Network) virtual book (oracle venue), 55 min ago | 130.01 bp | 229.7 bp −$230 | 1613.4 bp −$16.1K | 13153.2 bp −$1.32M | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.74 bp | 7.2 bp −$7 | 12.7 bp −$127 | 76.7 bp −$7,674 | doesn't fit |
COPPER price on every exchange
against the cheapest. Click to use as the short leg.Gate6.7700cheapestOKX6.7740+0.059%SoDEX6.7740+0.059%tradeXYZ6.7743+0.064%MEXC6.7750+0.074%Extended6.7753+0.078%Vest6.7754+0.080%
Gate
OKX
SoDEX
tradeXYZ
MEXC
Extended
VestgTrade (Gains Network)6.7756+0.083%
Pacifica6.7758+0.086%QFEX6.7760+0.089%SunX6.7760+0.089%Kraken Futures6.7761+0.089%Aster6.7767+0.099%Aevo6.7768+0.101%Paradex6.7769+0.102%
Pacifica
QFEX
SunX
Kraken Futures
Aster
Aevo
ParadexBinance6.7770+0.103%
Bitget6.7770+0.103%Phoenix6.7770+0.103%Phemex6.7770+0.103%Ondo Perps6.7778+0.115%edgeX6.7785+0.126%Variational Omni6.7789+0.131%BloFin6.7800+0.148%HTX6.7830+0.192%KuCoin6.7850+0.222%Orderly6.7850+0.222%Lighter6.7857+0.232%
Bitget
Phoenix
Phemex
Ondo Perps
Variational Omni
BloFin
HTX
KuCoin
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 | −0.083% | 0.0000% | 8h | $1.3M | $516K | 100x | as long as short |
| OKX XCU-USDT-SWAP | −0.024% | 0.0000% | 8h | $523K | $1.0M | 50x | as long as short |
| SoDEX COPPER-USD | −0.024% | +0.0050% | 1h | $897 | $3K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.019% | +0.0038% | 1h | $10.4M | $5.6M | 20x | as long as short |
| MEXC COPPER_USDT | −0.009% | 0.0000% | 4h | $25.9M | $4.0M | 100x | as long as short |
| Extended XCU-USD | −0.005% | +0.0032% | 1h | $243K | $2.7M | 20x | as long as short |
| Vest HG-PERP | −0.003% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| gTrade (Gains Network) HG/USDlong | 0.000% | L +0.0002% / S −0.0001% | 1h | $176K | — | 250x | |
| Pacifica COPPER | +0.003% | +0.0100% | 1h | $25K | $12K | 10x | as long as short |
| QFEX COPPER-USD | +0.006% | +0.0016% | 1h | $1.5M | $48K | 20x | as long as short |