After costs, if the gap returns to its 7d average, $10k−$117
spread now+0.326%7d average+0.033%fees + slippage, in and out−$147spread needed1.466%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XCU_USDT | 6.7550 | 0 | get 0.0000% / 8h | 6h 56m | $1.3M | $517K | 100x |
| Short | Phemex COPPERUSDT | 6.7770 | 0 | get 0.0000% / 4h | 2h 56m | $4.2M | $75K | 100x |
Gate XCU_USDT
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
- $32.57
- Funding while held
- $0
- Slippage, 4 orders
- −$119.57
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$114
- Spread needed to break even
- 1.466%
Slippage from Gate: live order book, 2 min ago; Phemex: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 Gate live order book, 2 min ago | 3.70 bp | 20.0 bp −$20 | 98.4 bp −$984 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 1.48 bp | 50.5 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
COPPER price on every exchange
against the cheapest. Click to use as the short leg.Gate6.7550cheapest
SoDEX6.7607+0.084%tradeXYZ6.7610+0.089%Phoenix6.7615+0.096%OKX6.7618+0.101%Vest6.7622+0.107%Extended6.7624+0.109%gTrade (Gains Network)6.7628+0.115%Pacifica6.7639+0.132%Kraken Futures6.7654+0.154%Binance6.7660+0.163%QFEX6.7660+0.163%MEXC6.7660+0.163%KuCoin6.7660+0.163%SunX6.7660+0.163%Aevo6.7660+0.163%Paradex6.7660+0.164%Ondo Perps6.7664+0.169%Aster6.7665+0.170%edgeX6.7666+0.172%Variational Omni6.7673+0.183%Bitget6.7680+0.192%BloFin6.7680+0.192%HTX6.7690+0.207%Orderly6.7730+0.266%Lighter6.7735+0.274%
SoDEX
tradeXYZ
Phoenix
OKX
Vest
Extended
gTrade (Gains Network)
Pacifica
Kraken Futures
Binance
QFEX
MEXC
KuCoin
SunX
Aevo
Paradex
Ondo Perps
Aster
Variational Omni
Bitget
BloFin
HTX
Orderly
LighterPhemex6.7770+0.326%
COPPER on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate XCU_USDTlong | 0.000% | 0.0000% | 8h | $1.3M | $517K | 100x | |
| SoDEX COPPER-USD | +0.084% | +0.0050% | 1h | $895 | $3K | 20x | as long as short |
| tradeXYZ xyz:COPPER | +0.089% | +0.0045% | 1h | $10.5M | $5.7M | 20x | as long as short |
| Phoenix COPPER | +0.096% | +0.0106% | 1h | $43K | $28K | 20x | as long as short |
| OKX XCU-USDT-SWAP | +0.101% | 0.0000% | 8h | $538K | $1.1M | 50x | as long as short |
| Vest HG-PERP | +0.107% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| Extended XCU-USD | +0.109% | +0.0032% | 1h | $258K | $2.7M | 20x | as long as short |
| gTrade (Gains Network) HG/USD | +0.115% | L +0.0002% / S −0.0001% | 1h | $175K | — | 250x | as long as short |
| Pacifica COPPER | +0.132% | +0.0100% | 1h | $25K | $12K | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.154% | +0.0390% | 1h | $26K | $73K | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance COPPERUSDT | +0.163% | 0.0000% | 4h | $9.0M | $34.0M | 100x | as long as short |
| QFEX COPPER-USD | +0.163% | +0.0043% | 1h | $1.5M | $61K | 20x | as long as short |
| MEXC COPPER_USDT | +0.163% | 0.0000% | 4h | $25.6M | $4.0M | 100x | as long as short |
| KuCoin COPPERUSDTM | +0.163% | +0.0100% | 4h | $257K | $25K | 50x | as long as short |
| SunX COPPER-USDT | +0.163% | 0.0000% | 4h | — | $7.9M | 20x | as long as short |
| Aevo COPPER-PERP | +0.163% | +0.0104% | 1h | $309 | — | 10x | as long as short |
| Paradex XCU-USD-PERP | +0.164% | +0.0052% | 8h | $1K | $3K | 5x | as long as short |
| Ondo Perps COPPER-USD.P | +0.169% | +0.0050% | 1h | $62K | $16K | 15x | as long as short |
| Aster XCUUSDT | +0.170% | 0.0000% | 4h | $32K | $52K | 50x | as long as short |
| edgeX COPPERUSDC | +0.172% | −0.0015% | 4h | $93K | $319K | 20x | as long as short |
| Variational Omni COPPER | +0.183% | 0.0000% | 4h | $747K | $1.5M | — | as long as short |
| Bitget COPPERUSDT | +0.192% | +0.0068% | 4h | $1.6M | $1.0M | 100x | as long as short |
| BloFin COPPER-USDT | +0.192% | −0.0057% | 4h | $88K | $133K | 100x | as long as short |
| HTX COPPER-USDT | +0.207% | 0.0000% | 4h | $60K | $29K | 75x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.266% | +0.0100% | 8h | $3K | — | 10x | as long as short |
| Lighter XCU | +0.274% | +0.0168% | 1h | $474K | $43K | 20x | as long as short |
| Phemex COPPERUSDTshort | +0.326% | 0.0000% | 4h | $4.2M | $75K | 100x |