After costs, if the gap returns to its 7d average, $10k−$435
spread now+0.045%7d average−0.049%fees + slippage, in and out−$445spread needed4.448%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) HG/USD | 6.7750 | L +0.0002% / S −0.0001% | pay 0.0000% / 1h | 17m 27s | $176K | — | 250x |
| Short | MEXC COPPER_USDT | 6.7780 | 0 | get 0.0000% / 4h | 1h 17m | $25.5M | $4.1M | 100x |
gTrade (Gains Network) HG/USD
MEXC COPPER_USDTPrice 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
- $4.47
- Funding while held
- −$0.06
- Slippage, 4 orders
- −$434.85
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$440.43
- Spread needed to break even
- 4.448%
Slippage from gTrade (Gains Network): virtual book (oracle venue), 58 min ago; MEXC: live order book, 3 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), 58 min ago | 130.00 bp | 229.7 bp −$230 | 1613.4 bp −$16.1K | 13153.2 bp −$1.32M | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.74 bp | 0.7 bp −$1 | 1.5 bp −$15 | 10.1 bp −$1,011 | doesn't fit |
COPPER price on every exchange
against the cheapest. Click to use as the short leg.Gate6.7650cheapestOKX6.7693+0.064%tradeXYZ6.7746+0.142%Vest6.7747+0.143%
Gate
OKX
tradeXYZ
VestgTrade (Gains Network)6.7750+0.147%
KuCoin6.7750+0.148%SoDEX6.7751+0.149%Ondo Perps6.7752+0.151%Extended6.7753+0.153%Phoenix6.7757+0.158%Aster6.7769+0.176%QFEX6.7770+0.177%SunX6.7770+0.177%BloFin6.7770+0.177%Kraken Futures6.7772+0.181%Aevo6.7778+0.189%Binance6.7780+0.192%
KuCoin
SoDEX
Ondo Perps
Extended
Phoenix
Aster
QFEX
SunX
BloFin
Kraken Futures
Aevo
BinanceMEXC6.7780+0.192%
Bitget6.7780+0.192%Paradex6.7781+0.193%Pacifica6.7781+0.194%Phemex6.7790+0.207%edgeX6.7792+0.211%Variational Omni6.7797+0.218%HTX6.7800+0.222%Orderly6.7850+0.296%Lighter6.7885+0.347%
Bitget
Paradex
Pacifica
Phemex
Variational Omni
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 | −0.147% | 0.0000% | 8h | $1.3M | $524K | 100x | as long as short |
| OKX XCU-USDT-SWAP | −0.084% | 0.0000% | 8h | $541K | $1.1M | 50x | as long as short |
| tradeXYZ xyz:COPPER | −0.005% | −0.0064% | 1h | $10.5M | $5.8M | 20x | as long as short |
| Vest HG-PERP | −0.004% | +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 | |
| KuCoin COPPERUSDTM | 0.000% | +0.0100% | 4h | $258K | $25K | 50x | as long as short |
| SoDEX COPPER-USD | +0.002% | +0.0050% | 1h | $897 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.003% | +0.0050% | 1h | $62K | $21K | 15x | as long as short |
| Extended XCU-USD | +0.006% | +0.0032% | 1h | $265K | $2.9M | 20x | as long as short |
| Phoenix COPPER | +0.011% | −0.0036% | 1h | $43K | $28K | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster XCUUSDT | +0.028% | 0.0000% | 4h | $32K | $52K | 50x | as long as short |
| QFEX COPPER-USD | +0.030% | +0.0007% | 1h | $1.5M | $91K | 20x | as long as short |
| SunX COPPER-USDT | +0.030% | 0.0000% | 4h | — | $7.9M | 20x | as long as short |
| BloFin COPPER-USDT | +0.030% | −0.0004% | 4h | $89K | $140K | 100x | as long as short |
| Kraken Futures PF_XCUUSD | +0.033% | +0.0596% | 1h | $26K | $47K | 20x | as long as short |
| Aevo COPPER-PERP | +0.041% | +0.0104% | 1h | $310 | — | 10x | as long as short |
| Binance COPPERUSDT | +0.045% | 0.0000% | 4h | $9.0M | $34.5M | 100x | as long as short |
| MEXC COPPER_USDTshort | +0.045% | 0.0000% | 4h | $25.5M | $4.1M | 100x | |
| Bitget COPPERUSDT | +0.045% | +0.0060% | 4h | $1.7M | $1.0M | 100x | as long as short |
| Paradex XCU-USD-PERP | +0.046% | +0.0050% | 8h | $1K | $3K | 5x | as long as short |
| Pacifica COPPER | +0.047% | +0.0100% | 1h | $25K | $11K | 10x | as long as short |
| Phemex COPPERUSDT | +0.059% | 0.0000% | 4h | $4.2M | $79K | 100x | as long as short |
| edgeX COPPERUSDC | +0.063% | −0.0008% | 4h | $93K | $318K | 20x | as long as short |
| Variational Omni COPPER | +0.070% | 0.0000% | 4h | $768K | $1.6M | — | as long as short |
| HTX COPPER-USDT | +0.074% | 0.0000% | 4h | $60K | $28K | 75x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.148% | +0.0100% | 8h | $3K | — | 10x | as long as short |
| Lighter XCU | +0.200% | +0.0032% | 1h | $475K | $45K | 20x | as long as short |