Spread before costs (cost unknown: a leg has no order-book sample)+0.084%
7d average—if it closes, per $10,000$8funding while held, a day+$3.91
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC COPPER_USDT | 6.7770 | 0 | get 0.0000% / 4h | 36m 05s | $25.9M | $4.0M | 100x |
| Short | Phoenix COPPER | 6.7827 | 0.0130 | get 0.0016% / 1h | 36m 05s | $43K | $28K | 20x |
MEXC COPPER_USDT
Phoenix COPPERPrice 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
- $8.41
- Funding while held
- $3.91
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $5.32
- Spread needed to break even
- 0.070%
Slippage unknown: MEXC: live order book, 4 min ago; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0130%
- Per $10,000 a day
- +$3.91
- 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 | 2.6 bp −$26 | 7.4 bp −$737 | 187.2 bp −$93.6K |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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.Gate6.7700cheapestOKX6.7726+0.038%SoDEX6.7747+0.069%tradeXYZ6.7749+0.072%Extended6.7755+0.082%gTrade (Gains Network)6.7759+0.086%QFEX6.7760+0.089%SunX6.7760+0.089%Kraken Futures6.7761+0.089%Vest6.7761+0.090%Aevo6.7765+0.096%Pacifica6.7769+0.103%
Gate
OKX
SoDEX
tradeXYZ
Extended
gTrade (Gains Network)
QFEX
SunX
Kraken Futures
Vest
Aevo
PacificaMEXC6.7770+0.103%
Bitget6.7770+0.103%Phemex6.7770+0.103%Binance6.7771+0.104%Aster6.7772+0.106%Paradex6.7785+0.126%BloFin6.7800+0.148%Variational Omni6.7819+0.175%Ondo Perps6.7821+0.179%edgeX6.7821+0.179%
Bitget
Phemex
Binance
Aster
Paradex
BloFin
Variational Omni
Ondo PerpsPhoenix6.7827+0.188%
HTX6.7830+0.192%KuCoin6.7850+0.222%Orderly6.7850+0.222%Lighter6.7864+0.242%
HTX
KuCoin
Orderly
LighterCOPPER on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate XCU_USDT | −0.103% | 0.0000% | 8h | $1.3M | $516K | 100x | as long as short |
| OKX XCU-USDT-SWAP | −0.065% | 0.0000% | 8h | $523K | $1.0M | 50x | as long as short |
| SoDEX COPPER-USD | −0.034% | +0.0050% | 1h | $897 | $3K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.031% | +0.0038% | 1h | $10.4M | $5.6M | 20x | as long as short |
| Extended XCU-USD | −0.022% | +0.0032% | 1h | $243K | $2.7M | 20x | as long as short |
| gTrade (Gains Network) HG/USD | −0.017% | L +0.0002% / S −0.0001% | 1h | $176K | — | 250x | as long as short |
| QFEX COPPER-USD | −0.015% | +0.0016% | 1h | $1.5M | $48K | 20x | as long as short |
| SunX COPPER-USDT | −0.015% | 0.0000% | 4h | — | $7.8M | 20x | as long as short |
| Kraken Futures PF_XCUUSD | −0.014% | +0.0432% | 1h | $26K | $195K | 20x | as long as short |
| Vest HG-PERP | −0.013% | +0.0046% | 1h | — | $82K | 25x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo COPPER-PERP | −0.007% | +0.0104% | 1h | $310 | — | 10x | as long as short |
| Pacifica COPPER | −0.001% | +0.0100% | 1h | $25K | $12K | 10x | as long as short |
| MEXC COPPER_USDTlong | 0.000% | 0.0000% | 4h | $25.9M | $4.0M | 100x | |
| Bitget COPPERUSDT | 0.000% | 0.0000% | 4h | $1.7M | $999K | 100x | as long as short |
| Phemex COPPERUSDT | 0.000% | 0.0000% | 4h | $4.2M | $71K | 100x | as long as short |
| Binance COPPERUSDT | +0.001% | 0.0000% | 4h | $9.0M | $33.3M | 100x | as long as short |
| Aster XCUUSDT | +0.003% | 0.0000% | 4h | $32K | $52K | 50x | as long as short |
| Paradex XCU-USD-PERP | +0.022% | +0.0051% | 8h | $1K | $3K | 5x | as long as short |
| BloFin COPPER-USDT | +0.044% | 0.0000% | 4h | $90K | $130K | 100x | as long as short |
| Variational Omni COPPER | +0.072% | 0.0000% | 4h | $770K | $1.5M | — | as long as short |
| Ondo Perps COPPER-USD.P | +0.075% | +0.0050% | 1h | $63K | $14K | 15x | as long as short |
| edgeX COPPERUSDC | +0.075% | −0.0014% | 4h | $93K | $316K | 20x | as long as short |
| Phoenix COPPERshort | +0.084% | +0.0130% | 1h | $43K | $28K | 20x | |
| HTX COPPER-USDT | +0.089% | 0.0000% | 4h | $60K | $29K | 75x | as long as short |
| KuCoin COPPERUSDTM | +0.118% | +0.0584% | 4h | $258K | $8K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.118% | +0.0100% | 8h | $3K | — | 10x | as long as short |
| Lighter XCU | +0.139% | +0.0032% | 1h | $475K | $42K | 20x | as long as short |