Spread before costs (cost unknown: a leg has no order-book sample)−0.133%
7d average—if it closes, per $10,000$13funding while held, a day+$0.55
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XCU | 6.7841 | 0.0032 | pay 0.0004% / 1h | 46m 59s | $474K | $44K | 20x |
| Short | Ondo Perps COPPER-USD.P | 6.7751 | 0.0050 | get 0.0006% / 1h | 46m 59s | $62K | $21K | 15x |
Lighter XCU
Ondo Perps COPPER-USD.PPrice 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
- −$13.27
- Funding while held
- $0.55
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$17.71
- Spread needed to break even
- 0.050%
Slippage unknown: Lighter: live order book, 45 min ago; Ondo Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0018%
- Per $10,000 a day
- +$0.55
- 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, 45 min ago | 1.18 bp | 10.7 bp −$11 | 39.6 bp −$396 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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.Gate6.7590cheapestOKX6.7678+0.130%tradeXYZ6.7686+0.142%SoDEX6.7686+0.142%Variational Omni6.7717+0.187%KuCoin6.7720+0.192%Kraken Futures6.7726+0.201%Phoenix6.7729+0.206%Vest6.7730+0.207%gTrade (Gains Network)6.7730+0.207%Extended6.7737+0.218%QFEX6.7740+0.222%Bitget6.7740+0.222%Pacifica6.7742+0.226%Aster6.7746+0.230%edgeX6.7747+0.232%Aevo6.7749+0.235%MEXC6.7750+0.237%SunX6.7750+0.237%BloFin6.7750+0.237%Binance6.7750+0.237%
Gate
OKX
tradeXYZ
SoDEX
Variational Omni
KuCoin
Kraken Futures
Phoenix
Vest
gTrade (Gains Network)
Extended
QFEX
Bitget
Pacifica
Aster
Aevo
MEXC
SunX
BloFin
BinanceOndo Perps6.7751+0.238%
Paradex6.7753+0.241%HTX6.7760+0.252%Phemex6.7770+0.266%Orderly6.7810+0.325%
Paradex
HTX
Phemex
OrderlyLighter6.7841+0.371%
COPPER on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate XCU_USDT | −0.370% | 0.0000% | 8h | $1.3M | $524K | 100x | as long as short |
| OKX XCU-USDT-SWAP | −0.240% | 0.0000% | 8h | $540K | $1.1M | 50x | as long as short |
| tradeXYZ xyz:COPPER | −0.228% | −0.0224% | 1h | $10.5M | $5.8M | 20x | as long as short |
| SoDEX COPPER-USD | −0.228% | +0.0049% | 1h | $896 | $3K | 20x | as long as short |
| Variational Omni COPPER | −0.183% | 0.0000% | 4h | $749K | $1.5M | — | as long as short |
| KuCoin COPPERUSDTM | −0.178% | +0.0100% | 4h | $258K | $25K | 50x | as long as short |
| Kraken Futures PF_XCUUSD | −0.170% | +0.0596% | 1h | $26K | $46K | 20x | as long as short |
| Phoenix COPPER | −0.165% | −0.0036% | 1h | $43K | $28K | 20x | as long as short |
| Vest HG-PERP | −0.164% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| gTrade (Gains Network) HG/USD | −0.164% | 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 | |
|---|---|---|---|---|---|---|---|
| Extended XCU-USD | −0.153% | +0.0032% | 1h | $238K | $2.7M | 20x | as long as short |
| QFEX COPPER-USD | −0.149% | +0.0007% | 1h | $1.5M | $95K | 20x | as long as short |
| Bitget COPPERUSDT | −0.149% | +0.0072% | 4h | $1.6M | $1.0M | 100x | as long as short |
| Pacifica COPPER | −0.145% | +0.0100% | 1h | $25K | $11K | 10x | as long as short |
| Aster XCUUSDT | −0.141% | 0.0000% | 4h | $32K | $52K | 50x | as long as short |
| edgeX COPPERUSDC | −0.139% | −0.0003% | 4h | $93K | $318K | 20x | as long as short |
| Aevo COPPER-PERP | −0.136% | +0.0104% | 1h | $310 | — | 10x | as long as short |
| MEXC COPPER_USDT | −0.134% | 0.0000% | 4h | $25.6M | $4.1M | 100x | as long as short |
| SunX COPPER-USDT | −0.134% | 0.0000% | 4h | — | $7.9M | 20x | as long as short |
| BloFin COPPER-USDT | −0.134% | −0.0029% | 4h | $89K | $139K | 100x | as long as short |
| Binance COPPERUSDT | −0.134% | 0.0000% | 4h | $9.0M | $34.3M | 100x | as long as short |
| Ondo Perps COPPER-USD.Pshort | −0.133% | +0.0050% | 1h | $62K | $21K | 15x | |
| Paradex XCU-USD-PERP | −0.130% | +0.0050% | 8h | $1K | $3K | 5x | as long as short |
| HTX COPPER-USDT | −0.119% | 0.0000% | 4h | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDT | −0.105% | 0.0000% | 4h | $4.2M | $78K | 100x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | −0.046% | +0.0100% | 8h | $3K | — | 10x | as long as short |
| Lighter XCUlong | 0.000% | +0.0032% | 1h | $474K | $44K | 20x |