After costs, if the gap returns to its 7d average, $10k−$13
spread now+0.015%7d average−0.033%fees + slippage, in and out−$17spread needed0.174%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC COPPER_USDT | 6.7740 | 0 | get 0.0000% / 4h | 1h 44m | $25.6M | $4.1M | 100x |
| Short | QFEX COPPER-USD | 6.7750 | 0.0007 | get 0.0001% / 1h | 44m 35s | $1.5M | $95K | 20x |
MEXC COPPER_USDT
QFEX COPPER-USDPrice 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
- $1.48
- Funding while held
- $0.21
- Slippage, 4 orders
- −$7.37
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$15.69
- Spread needed to break even
- 0.174%
Slippage from MEXC: live order book, 1 min ago; QFEX: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0007%
- Per $10,000 a day
- +$0.21
- 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, 1 min ago | 0.74 bp | 0.7 bp −$1 | 1.8 bp −$18 | 8.5 bp −$852 | 178.0 bp −$89.0K |
| Sell QFEX live order book, 4 min ago | 2.21 bp | 8.7 bp −$9 | 11.5 bp −$115 | doesn't fit | doesn't fit |
COPPER price on every exchange
against the cheapest. Click to use as the short leg.Gate6.7600cheapestOKX6.7682+0.121%SoDEX6.7694+0.139%tradeXYZ6.7700+0.148%Kraken Futures6.7727+0.188%Phoenix6.7729+0.191%Ondo Perps6.7731+0.194%Vest6.7737+0.203%gTrade (Gains Network)6.7738+0.204%
Gate
OKX
SoDEX
tradeXYZ
Kraken Futures
Phoenix
Ondo Perps
Vest
gTrade (Gains Network)MEXC6.7740+0.207%
KuCoin6.7740+0.207%Extended6.7742+0.211%Pacifica6.7747+0.217%Variational Omni6.7747+0.217%
KuCoin
Extended
Pacifica
Variational OmniQFEX6.7750+0.222%
Bitget6.7750+0.222%SunX6.7750+0.222%edgeX6.7752+0.224%Aevo6.7756+0.231%Aster6.7759+0.235%Binance6.7760+0.237%BloFin6.7760+0.237%Paradex6.7763+0.242%HTX6.7770+0.251%Phemex6.7770+0.251%Orderly6.7820+0.325%Lighter6.7853+0.374%
Bitget
SunX
Aevo
Aster
Binance
BloFin
Paradex
HTX
Phemex
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 | −0.207% | 0.0000% | 8h | $1.3M | $524K | 100x | as long as short |
| OKX XCU-USDT-SWAP | −0.086% | 0.0000% | 8h | $540K | $1.1M | 50x | as long as short |
| SoDEX COPPER-USD | −0.068% | +0.0050% | 1h | $896 | $3K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.059% | −0.0216% | 1h | $10.5M | $5.8M | 20x | as long as short |
| Kraken Futures PF_XCUUSD | −0.019% | +0.0596% | 1h | $26K | $46K | 20x | as long as short |
| Phoenix COPPER | −0.016% | −0.0036% | 1h | $43K | $28K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | −0.013% | +0.0050% | 1h | $62K | $21K | 15x | as long as short |
| Vest HG-PERP | −0.004% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| gTrade (Gains Network) HG/USD | −0.003% | L +0.0002% / S −0.0001% | 1h | $176K | — | 250x | as long as short |
| MEXC COPPER_USDTlong | 0.000% | 0.0000% | 4h | $25.6M | $4.1M | 100x |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin COPPERUSDTM | 0.000% | +0.0100% | 4h | $258K | $25K | 50x | as long as short |
| Extended XCU-USD | +0.004% | +0.0032% | 1h | $238K | $2.7M | 20x | as long as short |
| Pacifica COPPER | +0.010% | +0.0100% | 1h | $25K | $11K | 10x | as long as short |
| Variational Omni COPPER | +0.010% | 0.0000% | 4h | $749K | $1.5M | — | as long as short |
| QFEX COPPER-USDshort | +0.015% | +0.0007% | 1h | $1.5M | $95K | 20x | |
| Bitget COPPERUSDT | +0.015% | +0.0068% | 4h | $1.6M | $1.0M | 100x | as long as short |
| SunX COPPER-USDT | +0.015% | 0.0000% | 4h | — | $7.9M | 20x | as long as short |
| edgeX COPPERUSDC | +0.017% | −0.0003% | 4h | $93K | $318K | 20x | as long as short |
| Aevo COPPER-PERP | +0.024% | +0.0104% | 1h | $310 | — | 10x | as long as short |
| Aster XCUUSDT | +0.027% | 0.0000% | 4h | $32K | $52K | 50x | as long as short |
| Binance COPPERUSDT | +0.029% | 0.0000% | 4h | $9.0M | $34.3M | 100x | as long as short |
| BloFin COPPER-USDT | +0.030% | −0.0030% | 4h | $89K | $140K | 100x | as long as short |
| Paradex XCU-USD-PERP | +0.035% | +0.0050% | 8h | $1K | $3K | 5x | as long as short |
| HTX COPPER-USDT | +0.044% | 0.0000% | 4h | $60K | $28K | 75x | as long as short |
| Phemex COPPERUSDT | +0.044% | 0.0000% | 4h | $4.2M | $78K | 100x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.118% | +0.0100% | 8h | $3K | — | 10x | as long as short |
| Lighter XCU | +0.167% | +0.0032% | 1h | $474K | $44K | 20x | as long as short |