After costs, if the gap returns to its 7d average, $10k−$519
spread now+0.044%7d average−0.120%fees + slippage, in and out−$536spread needed5.357%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) HG/USD | 6.7770 | L +0.0002% / S −0.0001% | pay 0.0000% / 1h | 36m 39s | $176K | — | 250x |
| Short | Phemex COPPERUSDT | 6.7800 | 0 | get 0.0000% / 4h | 3h 36m | $4.2M | $73K | 100x |
gTrade (Gains Network) HG/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
- $4.4
- Funding while held
- −$0.06
- Slippage, 4 orders
- −$513.72
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$531.38
- Spread needed to break even
- 5.357%
Slippage from gTrade (Gains Network): virtual book (oracle venue), 49 min ago; Phemex: live order book, 4 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), 49 min ago | 130.01 bp | 229.7 bp −$230 | 1613.3 bp −$16.1K | 13153.2 bp −$1.32M | doesn't fit |
| Sell Phemex live order book, 4 min ago | 1.47 bp | 46.5 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
COPPER price on every exchange
against the cheapest. Click to use as the short leg.Gate6.7700cheapestOKX6.7755+0.081%Vest6.7766+0.097%
Gate
OKX
VestgTrade (Gains Network)6.7770+0.104%
SoDEX6.7775+0.111%Kraken Futures6.7778+0.115%Ondo Perps6.7781+0.120%tradeXYZ6.7785+0.126%Extended6.7786+0.127%Phoenix6.7788+0.130%Pacifica6.7788+0.130%Aster6.7794+0.139%
SoDEX
Kraken Futures
Ondo Perps
tradeXYZ
Extended
Phoenix
Pacifica
AsterPhemex6.7800+0.148%
QFEX6.7810+0.162%KuCoin6.7810+0.162%SunX6.7810+0.162%Paradex6.7811+0.164%Variational Omni6.7814+0.168%Aevo6.7814+0.169%edgeX6.7815+0.170%Binance6.7820+0.177%MEXC6.7820+0.177%Bitget6.7820+0.177%BloFin6.7830+0.192%HTX6.7840+0.207%Lighter6.7889+0.279%Orderly6.7900+0.295%
QFEX
KuCoin
SunX
Paradex
Variational Omni
Aevo
Binance
MEXC
Bitget
BloFin
HTX
Lighter
OrderlyCOPPER on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate XCU_USDT | −0.104% | 0.0000% | 8h | $1.3M | $517K | 100x | as long as short |
| OKX XCU-USDT-SWAP | −0.022% | 0.0000% | 8h | $541K | $1.1M | 50x | as long as short |
| Vest HG-PERP | −0.006% | +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 | |
| SoDEX COPPER-USD | +0.007% | +0.0050% | 1h | $897 | $3K | 20x | as long as short |
| Kraken Futures PF_XCUUSD | +0.012% | +0.0189% | 1h | $26K | $124K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.016% | +0.0050% | 1h | $63K | $14K | 15x | as long as short |
| tradeXYZ xyz:COPPER | +0.022% | +0.0050% | 1h | $10.4M | $5.6M | 20x | as long as short |
| Extended XCU-USD | +0.024% | +0.0032% | 1h | $258K | $2.8M | 20x | as long as short |
| Phoenix COPPER | +0.026% | +0.0059% | 1h | $43K | $28K | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica COPPER | +0.027% | +0.0100% | 1h | $25K | $12K | 10x | as long as short |
| Aster XCUUSDT | +0.035% | 0.0000% | 4h | $32K | $52K | 50x | as long as short |
| Phemex COPPERUSDTshort | +0.044% | 0.0000% | 4h | $4.2M | $73K | 100x | |
| QFEX COPPER-USD | +0.059% | +0.0011% | 1h | $1.5M | $51K | 20x | as long as short |
| KuCoin COPPERUSDTM | +0.059% | +0.0240% | 4h | $258K | $25K | 50x | as long as short |
| SunX COPPER-USDT | +0.059% | 0.0000% | 4h | — | $7.9M | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.060% | +0.0050% | 8h | $1K | $3K | 5x | as long as short |
| Variational Omni COPPER | +0.065% | 0.0000% | 4h | $763K | $1.5M | — | as long as short |
| Aevo COPPER-PERP | +0.065% | +0.0104% | 1h | $310 | — | 10x | as long as short |
| edgeX COPPERUSDC | +0.066% | −0.0011% | 4h | $93K | $317K | 20x | as long as short |
| Binance COPPERUSDT | +0.073% | 0.0000% | 4h | $9.0M | $33.7M | 100x | as long as short |
| MEXC COPPER_USDT | +0.073% | 0.0000% | 4h | $25.9M | $4.0M | 100x | as long as short |
| Bitget COPPERUSDT | +0.073% | 0.0000% | 4h | $1.7M | $1.0M | 100x | as long as short |
| BloFin COPPER-USDT | +0.088% | +0.0058% | 4h | $89K | $132K | 100x | as long as short |
| HTX COPPER-USDT | +0.103% | 0.0000% | 4h | $60K | $29K | 75x | as long as short |
| Lighter XCU | +0.175% | +0.0064% | 1h | $475K | $42K | 20x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.192% | +0.0100% | 8h | $3K | — | 10x | as long as short |