After costs, if the gap returns to its 7d average, $10k−$34
spread now−0.150%7d average−0.151%fees + slippage, in and out−$34spread needed0.340%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XCU | 6.7747 | 0.0048 | pay 0.0006% / 1h | 3m 00s | $473K | $44K | 20x |
| Short | Binance COPPERUSDT | 6.7645 | 0 | get 0.0000% / 4h | 2h 03m | $9.0M | $34.2M | 100x |
Lighter XCU
Binance 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
- −$15.03
- Funding while held
- −$1.44
- Slippage, 4 orders
- −$23.99
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$50.46
- Spread needed to break even
- 0.340%
Slippage from Lighter: live order book, 29 min ago; Binance: live order book, 10 min ago.
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 Lighter live order book, 29 min ago | 1.18 bp | 10.7 bp −$11 | 39.6 bp −$396 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.74 bp | 7.2 bp −$7 | 9.5 bp −$95 | 88.0 bp −$8,799 | doesn't fit |
COPPER price on every exchange
against the cheapest. Click to use as the short leg.Gate6.7510cheapesttradeXYZ6.7578+0.101%SoDEX6.7601+0.135%OKX6.7603+0.138%Phoenix6.7622+0.166%KuCoin6.7630+0.178%Bitget6.7630+0.178%gTrade (Gains Network)6.7632+0.181%Vest6.7634+0.184%Extended6.7636+0.187%Ondo Perps6.7637+0.188%MEXC6.7640+0.193%BloFin6.7640+0.193%Aster6.7644+0.199%Pacifica6.7644+0.199%Kraken Futures6.7645+0.200%
Gate
tradeXYZ
SoDEX
OKX
Phoenix
KuCoin
Bitget
gTrade (Gains Network)
Vest
Extended
Ondo Perps
MEXC
BloFin
Aster
Pacifica
Kraken FuturesBinance6.7645+0.200%
SunX6.7650+0.207%Aevo6.7655+0.214%QFEX6.7660+0.222%Paradex6.7660+0.223%edgeX6.7666+0.232%Variational Omni6.7681+0.253%HTX6.7690+0.267%Orderly6.7710+0.296%
SunX
Aevo
QFEX
Paradex
Variational Omni
HTX
OrderlyLighter6.7747+0.351%
Phemex6.7770+0.385%
PhemexCOPPER on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate XCU_USDT | −0.350% | 0.0000% | 8h | $1.3M | $525K | 100x | as long as short |
| tradeXYZ xyz:COPPER | −0.249% | −0.0190% | 1h | $10.5M | $5.7M | 20x | as long as short |
| SoDEX COPPER-USD | −0.216% | +0.0050% | 1h | $895 | $3K | 20x | as long as short |
| OKX XCU-USDT-SWAP | −0.213% | 0.0000% | 8h | $539K | $1.1M | 50x | as long as short |
| Phoenix COPPER | −0.185% | +0.0106% | 1h | $43K | $28K | 20x | as long as short |
| KuCoin COPPERUSDTM | −0.173% | +0.0100% | 4h | $257K | $25K | 50x | as long as short |
| Bitget COPPERUSDT | −0.173% | +0.0086% | 4h | $1.6M | $1.0M | 100x | as long as short |
| gTrade (Gains Network) HG/USD | −0.170% | L +0.0002% / S −0.0001% | 1h | $176K | — | 250x | as long as short |
| Vest HG-PERP | −0.167% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| Extended XCU-USD | −0.163% | +0.0032% | 1h | $257K | $2.7M | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps COPPER-USD.P | −0.162% | +0.0050% | 1h | $62K | $21K | 15x | as long as short |
| MEXC COPPER_USDT | −0.158% | 0.0000% | 4h | $25.5M | $4.1M | 100x | as long as short |
| BloFin COPPER-USDT | −0.158% | −0.0030% | 4h | $89K | $139K | 100x | as long as short |
| Aster XCUUSDT | −0.152% | 0.0000% | 4h | $32K | $52K | 50x | as long as short |
| Pacifica COPPER | −0.152% | +0.0100% | 1h | $25K | $12K | 10x | as long as short |
| Kraken Futures PF_XCUUSD | −0.151% | +0.0390% | 1h | $26K | $54K | 20x | as long as short |
| Binance COPPERUSDTshort | −0.150% | 0.0000% | 4h | $9.0M | $34.2M | 100x | |
| SunX COPPER-USDT | −0.143% | 0.0000% | 4h | — | $7.9M | 20x | as long as short |
| Aevo COPPER-PERP | −0.136% | +0.0104% | 1h | $309 | — | 10x | as long as short |
| QFEX COPPER-USD | −0.128% | +0.0043% | 1h | $1.5M | $94K | 20x | as long as short |
| Paradex XCU-USD-PERP | −0.128% | +0.0051% | 8h | $1K | $3K | 5x | as long as short |
| edgeX COPPERUSDC | −0.119% | −0.0003% | 4h | $92K | $317K | 20x | as long as short |
| Variational Omni COPPER | −0.098% | 0.0000% | 4h | $748K | $1.5M | — | as long as short |
| HTX COPPER-USDT | −0.084% | 0.0000% | 4h | $60K | $28K | 75x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | −0.055% | +0.0100% | 8h | $3K | — | 10x | as long as short |
| Lighter XCUlong | 0.000% | +0.0048% | 1h | $473K | $44K | 20x | |
| Phemex COPPERUSDT | +0.034% | 0.0000% | 4h | $4.2M | $77K | 100x | as long as short |