After costs, if the gap returns to its 7d average, $10k−$59
spread now−0.147%7d average−0.231%fees + slippage, in and out−$68spread needed0.677%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XCU | 6.7889 | 0.0064 | pay 0.0008% / 1h | 34m 47s | $475K | $42K | 20x |
| Short | Kraken Futures PF_XCUUSD | 6.7789 | 0.0189 | get 0.0024% / 1h | 34m 47s | $26K | $124K | 20x |
Lighter XCU
Kraken Futures PF_XCUUSDPrice 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
- −$14.73
- Funding while held
- $3.74
- Slippage, 4 orders
- −$57.65
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$78.64
- Spread needed to break even
- 0.677%
Slippage from Lighter: live order book, 2 min ago; Kraken Futures: live order book, 9 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0125%
- Per $10,000 a day
- +$3.74
- 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, 2 min ago | 0.88 bp | 11.3 bp −$11 | 41.0 bp −$410 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 9 min ago | 11.07 bp | 23.2 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
COPPER price on every exchange
against the cheapest. Click to use as the short leg.Gate6.7690cheapestOKX6.7755+0.096%tradeXYZ6.7771+0.120%Extended6.7776+0.128%Vest6.7779+0.131%SoDEX6.7779+0.131%Ondo Perps6.7781+0.134%gTrade (Gains Network)6.7783+0.137%Phoenix6.7784+0.139%
Gate
OKX
tradeXYZ
Extended
Vest
SoDEX
Ondo Perps
gTrade (Gains Network)
PhoenixKraken Futures6.7789+0.146%
Pacifica6.7791+0.149%KuCoin6.7800+0.163%Aster6.7804+0.169%QFEX6.7810+0.177%MEXC6.7810+0.177%Phemex6.7810+0.177%Paradex6.7811+0.178%Binance6.7814+0.183%edgeX6.7815+0.185%Bitget6.7820+0.192%SunX6.7820+0.192%Variational Omni6.7822+0.195%Aevo6.7822+0.196%BloFin6.7830+0.207%HTX6.7840+0.222%
Pacifica
KuCoin
Aster
QFEX
MEXC
Phemex
Paradex
Binance
Bitget
SunX
Variational Omni
Aevo
BloFin
HTXLighter6.7889+0.294%
Orderly6.7900+0.310%
OrderlyCOPPER on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate XCU_USDT | −0.293% | 0.0000% | 8h | $1.3M | $517K | 100x | as long as short |
| OKX XCU-USDT-SWAP | −0.197% | 0.0000% | 8h | $541K | $1.1M | 50x | as long as short |
| tradeXYZ xyz:COPPER | −0.174% | +0.0050% | 1h | $10.4M | $5.6M | 20x | as long as short |
| Extended XCU-USD | −0.166% | +0.0032% | 1h | $258K | $2.8M | 20x | as long as short |
| Vest HG-PERP | −0.162% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| SoDEX COPPER-USD | −0.162% | +0.0050% | 1h | $898 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | −0.159% | +0.0050% | 1h | $63K | $14K | 15x | as long as short |
| gTrade (Gains Network) HG/USD | −0.156% | L +0.0002% / S −0.0001% | 1h | $176K | — | 250x | as long as short |
| Phoenix COPPER | −0.155% | +0.0059% | 1h | $43K | $28K | 20x | as long as short |
| Kraken Futures PF_XCUUSDshort | −0.147% | +0.0189% | 1h | $26K | $124K | 20x |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica COPPER | −0.144% | +0.0100% | 1h | $25K | $12K | 10x | as long as short |
| KuCoin COPPERUSDTM | −0.131% | +0.0232% | 4h | $258K | $25K | 50x | as long as short |
| Aster XCUUSDT | −0.125% | 0.0000% | 4h | $32K | $52K | 50x | as long as short |
| QFEX COPPER-USD | −0.116% | +0.0011% | 1h | $1.5M | $51K | 20x | as long as short |
| MEXC COPPER_USDT | −0.116% | 0.0000% | 4h | $25.9M | $4.0M | 100x | as long as short |
| Phemex COPPERUSDT | −0.116% | 0.0000% | 4h | $4.2M | $73K | 100x | as long as short |
| Paradex XCU-USD-PERP | −0.116% | +0.0050% | 8h | $1K | $3K | 5x | as long as short |
| Binance COPPERUSDT | −0.111% | 0.0000% | 4h | $9.0M | $33.7M | 100x | as long as short |
| edgeX COPPERUSDC | −0.109% | −0.0011% | 4h | $93K | $317K | 20x | as long as short |
| Bitget COPPERUSDT | −0.102% | 0.0000% | 4h | $1.7M | $1.0M | 100x | as long as short |
| SunX COPPER-USDT | −0.102% | 0.0000% | 4h | — | $7.9M | 20x | as long as short |
| Variational Omni COPPER | −0.099% | 0.0000% | 4h | $763K | $1.5M | — | as long as short |
| Aevo COPPER-PERP | −0.098% | +0.0104% | 1h | $310 | — | 10x | as long as short |
| BloFin COPPER-USDT | −0.087% | +0.0004% | 4h | $88K | $132K | 100x | as long as short |
| HTX COPPER-USDT | −0.072% | 0.0000% | 4h | $60K | $29K | 75x | as long as short |
| Lighter XCUlong | 0.000% | +0.0064% | 1h | $475K | $42K | 20x | |
| Orderly PERP_COPPER_USDC_mythos | +0.016% | +0.0100% | 8h | $3K | — | 10x | as long as short |