COPPER

Alert

After costs, if the gap returns to its 7d average, $10k−$85

spread now−0.033%7d average+0.105%fees + slippage, in and out−$71spread needed0.714%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XCUUSD	6.7767	0.0431	pay 0.0054% / 1h	34m 09s	$26K	$195K	20x
Short	Extended XCU-USD	6.7745	0.0032	get 0.0004% / 1h	34m 09s	$243K	$2.7M	20x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee Kraken FuturesbpFee ExtendedbpOrdersClose when spread is

Slippage from Kraken Futures: live order book, 15 min ago; Extended: live order book, 1 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures live order book, 15 min ago	12.02 bp	31.0 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	1.11 bp	5.0 bp −$5	52.4 bp −$524	doesn't fit	doesn't fit

against the cheapest. Click to use as the short leg.

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Gate XCU_USDT	−0.114%	0.0000%	8h	$1.3M	$516K	100x	as long as short
tradeXYZ xyz:COPPER	−0.040%	+0.0038%	1h	$10.4M	$5.6M	20x	as long as short
OKX XCU-USDT-SWAP	−0.040%	0.0000%	8h	$523K	$1.0M	50x	as long as short
Extended XCU-USDshort	−0.033%	+0.0032%	1h	$243K	$2.7M	20x
SoDEX COPPER-USD	−0.028%	+0.0050%	1h	$897	$3K	20x	as long as short
Pacifica COPPER	−0.010%	+0.0100%	1h	$25K	$12K	10x	as long as short
Aevo COPPER-PERP	−0.007%	+0.0104%	1h	$310	—	10x	as long as short
Vest HG-PERP	−0.002%	+0.0046%	1h	—	$82K	25x	as long as short
Kraken Futures PF_XCUUSDlong	0.000%	+0.0431%	1h	$26K	$195K	20x
gTrade (Gains Network) HG/USD	0.000%	L +0.0002% / S −0.0001%	1h	$176K	—	250x	as long as short

Show all 27 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Binance COPPERUSDT	+0.004%	0.0000%	4h	$9.0M	$33.3M	100x	as long as short
MEXC COPPER_USDT	+0.004%	0.0000%	4h	$25.9M	$4.0M	100x	as long as short
Bitget COPPERUSDT	+0.004%	0.0000%	4h	$1.7M	$1.0M	100x	as long as short
Phoenix COPPER	+0.004%	+0.0130%	1h	$43K	$28K	20x	as long as short
SunX COPPER-USDT	+0.004%	0.0000%	4h	—	$7.8M	20x	as long as short
BloFin COPPER-USDT	+0.004%	−0.0024%	4h	$90K	$130K	100x	as long as short
Aster XCUUSDT	+0.006%	0.0000%	4h	$32K	$52K	50x	as long as short
Ondo Perps COPPER-USD.P	+0.016%	+0.0050%	1h	$63K	$14K	15x	as long as short
QFEX COPPER-USD	+0.019%	+0.0016%	1h	$1.5M	$48K	20x	as long as short
Phemex COPPERUSDT	+0.019%	0.0000%	4h	$4.2M	$71K	100x	as long as short
Paradex XCU-USD-PERP	+0.022%	+0.0051%	8h	$1K	$3K	5x	as long as short
edgeX COPPERUSDC	+0.027%	−0.0009%	4h	$93K	$317K	20x	as long as short
Variational Omni COPPER	+0.032%	0.0000%	4h	$765K	$1.5M	—	as long as short
HTX COPPER-USDT	+0.078%	0.0000%	4h	$60K	$29K	75x	as long as short
KuCoin COPPERUSDTM	+0.122%	+0.0584%	4h	$258K	$8K	50x	as long as short
Lighter XCU	+0.134%	+0.0032%	1h	$475K	$42K	20x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.137%	+0.0100%	8h	$3K	—	10x	as long as short