Spread before costs (cost unknown: a leg has no order-book sample)−0.016%
7d average—if it closes, per $10,000$2funding while held, a day+$1.44
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) HG/USD | 6.7718 | L +0.0002% / S −0.0001% | pay 0.0000% / 1h | 22m 54s | $176K | — | 250x |
| Short | SoDEX COPPER-USD | 6.7708 | 0.0050 | get 0.0006% / 1h | 22m 54s | $897 | $3K | 20x |
gTrade (Gains Network) HG/USD
SoDEX COPPER-USDPrice 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
- −$1.55
- Funding while held
- $1.44
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$18.11
- Spread needed to break even
- 0.180%
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 3 min ago; SoDEX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0048%
- Per $10,000 a day
- +$1.44
- 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), 3 min ago | 130.01 bp | 229.7 bp −$230 | 1613.3 bp −$16.1K | 13153.2 bp −$1.32M | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
COPPER price on every exchange
against the cheapest. Click to use as the short leg.Gate6.7640cheapestOKX6.7689+0.072%Vest6.7699+0.087%Pacifica6.7701+0.091%tradeXYZ6.7705+0.096%
Gate
OKX
Vest
Pacifica
tradeXYZSoDEX6.7708+0.101%
Ondo Perps6.7717+0.114%
Ondo PerpsgTrade (Gains Network)6.7718+0.116%
QFEX6.7720+0.118%Paradex6.7722+0.121%Extended6.7723+0.122%Phoenix6.7726+0.127%SunX6.7730+0.133%BloFin6.7730+0.133%Aevo6.7735+0.140%Kraken Futures6.7738+0.145%Aster6.7738+0.145%Phemex6.7740+0.148%Variational Omni6.7749+0.162%MEXC6.7750+0.163%Bitget6.7750+0.163%Binance6.7752+0.166%KuCoin6.7760+0.177%edgeX6.7762+0.181%HTX6.7780+0.207%Orderly6.7810+0.251%Lighter6.7830+0.281%
QFEX
Paradex
Extended
Phoenix
SunX
BloFin
Aevo
Kraken Futures
Aster
Phemex
Variational Omni
MEXC
Bitget
Binance
KuCoin
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 | −0.116% | 0.0000% | 8h | $1.3M | $517K | 100x | as long as short |
| OKX XCU-USDT-SWAP | −0.044% | 0.0000% | 8h | $541K | $1.1M | 50x | as long as short |
| Vest HG-PERP | −0.029% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| Pacifica COPPER | −0.025% | +0.0100% | 1h | $25K | $12K | 10x | as long as short |
| tradeXYZ xyz:COPPER | −0.020% | +0.0050% | 1h | $10.4M | $5.6M | 20x | as long as short |
| SoDEX COPPER-USDshort | −0.016% | +0.0050% | 1h | $897 | $3K | 20x | |
| Ondo Perps COPPER-USD.P | −0.002% | +0.0050% | 1h | $63K | $14K | 15x | as long as short |
| gTrade (Gains Network) HG/USDlong | 0.000% | L +0.0002% / S −0.0001% | 1h | $176K | — | 250x | |
| QFEX COPPER-USD | +0.002% | +0.0016% | 1h | $1.5M | $48K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.004% | +0.0051% | 8h | $1K | $3K | 5x | as long as short |