Spread before costs (cost unknown: a leg has no order-book sample)−0.058%
7d average—if it closes, per $10,000$6funding while held, a day+$1.51
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC COPPER_USDT | 6.7820 | 0 | get 0.0000% / 4h | 3h 35m | $25.9M | $4.0M | 100x |
| Short | Ondo Perps COPPER-USD.P | 6.7781 | 0.0050 | get 0.0006% / 1h | 35m 53s | $63K | $14K | 15x |
MEXC COPPER_USDT
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
- −$5.75
- Funding while held
- $1.51
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$9.24
- Spread needed to break even
- 0.050%
Slippage unknown: MEXC: live order book, 4 min ago; Ondo Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0050%
- Per $10,000 a day
- +$1.51
- 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 MEXC live order book, 4 min ago | 0.74 bp | 0.7 bp −$1 | 2.2 bp −$22 | 9.3 bp −$930 | 201.4 bp −$100.7K |
| 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.Gate6.7700cheapestOKX6.7755+0.081%SoDEX6.7775+0.111%tradeXYZ6.7776+0.112%Vest6.7777+0.114%Extended6.7781+0.119%
Gate
OKX
SoDEX
tradeXYZ
Vest
ExtendedOndo Perps6.7781+0.120%
gTrade (Gains Network)6.7784+0.124%Phoenix6.7788+0.130%Pacifica6.7788+0.130%Kraken Futures6.7790+0.133%Aster6.7790+0.133%KuCoin6.7800+0.148%QFEX6.7810+0.162%Phemex6.7810+0.162%Paradex6.7811+0.164%Variational Omni6.7814+0.168%edgeX6.7815+0.170%Binance6.7820+0.177%
gTrade (Gains Network)
Phoenix
Pacifica
Kraken Futures
Aster
KuCoin
QFEX
Phemex
Paradex
Variational Omni
BinanceMEXC6.7820+0.177%
Bitget6.7820+0.177%SunX6.7820+0.177%Aevo6.7822+0.180%BloFin6.7830+0.192%HTX6.7840+0.207%Lighter6.7888+0.278%Orderly6.7900+0.295%
Bitget
SunX
Aevo
BloFin
HTX
Lighter
OrderlyCOPPER on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate XCU_USDT | −0.177% | 0.0000% | 8h | $1.3M | $517K | 100x | as long as short |
| OKX XCU-USDT-SWAP | −0.096% | 0.0000% | 8h | $541K | $1.1M | 50x | as long as short |
| SoDEX COPPER-USD | −0.066% | +0.0050% | 1h | $897 | $3K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.065% | +0.0050% | 1h | $10.4M | $5.6M | 20x | as long as short |
| Vest HG-PERP | −0.063% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| Extended XCU-USD | −0.058% | +0.0032% | 1h | $258K | $2.8M | 20x | as long as short |
| Ondo Perps COPPER-USD.Pshort | −0.058% | +0.0050% | 1h | $63K | $14K | 15x | |
| gTrade (Gains Network) HG/USD | −0.054% | L +0.0002% / S −0.0001% | 1h | $176K | — | 250x | as long as short |
| Phoenix COPPER | −0.047% | +0.0059% | 1h | $43K | $28K | 20x | as long as short |
| Pacifica COPPER | −0.047% | +0.0100% | 1h | $25K | $12K | 10x | as long as short |