Spread before costs (cost unknown: a leg has no order-book sample)+0.139%
7d average—if it closes, per $10,000$14funding while held, a day+$3.19
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XCU_USDT | 6.7490 | 0 | get 0.0000% / 8h | 6h 18m | $1.3M | $519K | 100x |
| Short | Phoenix COPPER | 6.7584 | 0.0106 | get 0.0013% / 1h | 18m 38s | $43K | $28K | 20x |
Gate XCU_USDT
Phoenix COPPERPrice 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
- $13.93
- Funding while held
- $3.19
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$4.88
- Spread needed to break even
- 0.220%
Slippage unknown: Gate: live order book, 5 min ago; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0106%
- Per $10,000 a day
- +$3.19
- 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, 5 min ago | 3.70 bp | 24.7 bp −$25 | 101.5 bp −$1,015 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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.Gate6.7490cheapest
tradeXYZ6.7548+0.086%OKX6.7559+0.102%SoDEX6.7560+0.104%
tradeXYZ
OKX
SoDEXPhoenix6.7584+0.139%
Vest6.7588+0.145%gTrade (Gains Network)6.7588+0.146%Pacifica6.7597+0.158%Extended6.7598+0.160%MEXC6.7600+0.163%KuCoin6.7600+0.163%Bitget6.7600+0.163%Ondo Perps6.7604+0.169%Binance6.7610+0.178%SunX6.7610+0.178%Aevo6.7615+0.185%Aster6.7617+0.188%Paradex6.7617+0.188%QFEX6.7620+0.193%Variational Omni6.7621+0.194%Kraken Futures6.7625+0.200%edgeX6.7627+0.203%Orderly6.7670+0.267%HTX6.7670+0.267%BloFin6.7670+0.267%Lighter6.7705+0.319%Phemex6.7740+0.370%
Vest
gTrade (Gains Network)
Pacifica
Extended
MEXC
KuCoin
Bitget
Ondo Perps
Binance
SunX
Aevo
Aster
Paradex
QFEX
Variational Omni
Kraken Futures
Orderly
HTX
BloFin
Lighter
PhemexCOPPER 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 | $519K | 100x | |
| tradeXYZ xyz:COPPER | +0.086% | −0.0171% | 1h | $10.5M | $5.7M | 20x | as long as short |
| OKX XCU-USDT-SWAP | +0.102% | 0.0000% | 8h | $539K | $1.1M | 50x | as long as short |
| SoDEX COPPER-USD | +0.104% | +0.0050% | 1h | $895 | $3K | 20x | as long as short |
| Phoenix COPPERshort | +0.139% | +0.0106% | 1h | $43K | $28K | 20x | |
| Vest HG-PERP | +0.145% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| gTrade (Gains Network) HG/USD | +0.146% | L +0.0002% / S −0.0001% | 1h | $175K | — | 250x | as long as short |
| Pacifica COPPER | +0.158% | +0.0100% | 1h | $25K | $12K | 10x | as long as short |
| Extended XCU-USD | +0.160% | +0.0032% | 1h | $258K | $2.7M | 20x | as long as short |
| MEXC COPPER_USDT | +0.163% | 0.0000% | 4h | $25.3M | $4.1M | 100x | as long as short |