After costs, if the gap returns to its 7d average, $10k−$30
spread now−0.082%7d average−0.017%fees + slippage, in and out−$24spread needed0.239%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC COPPER_USDT | 6.8410 | −0.0210 | get 0.0105% / 4h | 3h 29m | $26.3M | $3.4M | 100x |
| Short | tradeXYZ xyz:COPPER | 6.8354 | 0.0050 | get 0.0006% / 1h | 29m 16s | $10.6M | $4.9M | 20x |
MEXC COPPER_USDT
tradeXYZ xyz: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
- −$8.19
- Funding while held
- $7.8
- Slippage, 4 orders
- −$5.92
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$24.31
- Spread needed to break even
- 0.239%
Slippage from MEXC: live order book, 1 min ago; tradeXYZ: live order book, 10 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0260%
- Per $10,000 a day
- +$7.80
- 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 | 0.73 bp | 0.7 bp −$1 | 0.7 bp −$7 | 4.1 bp −$406 | 110.0 bp −$55.0K |
| Sell tradeXYZ live order book, 10 min ago | 1.17 bp | 10.5 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
COPPER price on every exchange
against the cheapest. Click to use as the short leg.Phemex6.8220cheapestGate6.8270+0.073%SoDEX6.8318+0.144%Vest6.8326+0.155%Pacifica6.8329+0.160%Extended6.8332+0.164%Phoenix6.8342+0.179%OKX6.8350+0.191%
Phemex
Gate
SoDEX
Vest
Pacifica
Extended
Phoenix
OKXtradeXYZ6.8354+0.196%
edgeX6.8357+0.201%Kraken Futures6.8362+0.208%gTrade (Gains Network)6.8364+0.211%Variational Omni6.8364+0.212%Aevo6.8373+0.224%Paradex6.8376+0.228%QFEX6.8380+0.235%Ondo Perps6.8389+0.248%BloFin6.8390+0.249%SunX6.8400+0.264%Aster6.8410+0.279%
Kraken Futures
gTrade (Gains Network)
Variational Omni
Aevo
Paradex
QFEX
Ondo Perps
BloFin
SunX
AsterMEXC6.8410+0.279%
Binance6.8420+0.293%KuCoin6.8430+0.308%Bitget6.8430+0.308%HTX6.8430+0.308%Orderly6.8460+0.352%Lighter6.8475+0.374%
Binance
KuCoin
Bitget
HTX
Orderly
LighterCOPPER on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex COPPERUSDT | −0.278% | 0.0000% | 4h | $4.2M | $58K | 100x | as long as short |
| Gate XCU_USDT | −0.205% | 0.0000% | 8h | $1.3M | $471K | 100x | as long as short |
| SoDEX COPPER-USD | −0.134% | +0.0050% | 1h | $905 | $3K | 20x | as long as short |
| Vest HG-PERP | −0.123% | +0.0046% | 1h | — | $46K | 25x | as long as short |
| Pacifica COPPER | −0.118% | +0.0100% | 1h | $26K | $9K | 10x | as long as short |
| Extended XCU-USD | −0.114% | +0.0032% | 1h | $354K | $1.9M | 20x | as long as short |
| Phoenix COPPER | −0.099% | −0.0023% | 1h | $43K | $27K | 20x | as long as short |
| OKX XCU-USDT-SWAP | −0.088% | 0.0000% | 8h | $505K | $821K | 50x | as long as short |
| tradeXYZ xyz:COPPERshort | −0.082% | +0.0050% | 1h | $10.6M | $4.9M | 20x | |
| edgeX COPPERUSDC | −0.077% | −0.0249% | 4h | $93K | $315K | 20x | as long as short |