COPPER

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.019%

7d average—if it closes, per $10,000$2funding while held, a day−$3.00

Long on Pacifica Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica COPPER	6.7636	0.0100	pay 0.0013% / 1h	23m 21s	$25K	$12K	10x
Short	Variational Omni COPPER	6.7649	0	get 0.0000% / 4h	2h 23m	$750K	$1.5M	—

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee PacificabpFee Variational OmnibpOrdersClose when spread is

Spread captured: $1.9
Funding while held: −$3
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$9.1
Spread needed to break even: 0.080%

Slippage unknown: Pacifica: no order-book sample; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0100%
Per $10,000 a day: −$3.00
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 Pacifica no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 2 min ago	2.99 bp	doesn't fit	7.6 bp −$76	doesn't fit	doesn't fit

Pacifica: 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.

COPPER on 27 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Gate XCU_USDT	−0.171%	0.0000%	8h	$1.3M	$519K	100x	as long as short
tradeXYZ xyz:COPPER	−0.080%	−0.0171%	1h	$10.5M	$5.7M	20x	as long as short
SoDEX COPPER-USD	−0.078%	+0.0050%	1h	$895	$3K	20x	as long as short
OKX XCU-USDT-SWAP	−0.060%	0.0000%	8h	$539K	$1.1M	50x	as long as short
Phoenix COPPER	−0.038%	+0.0106%	1h	$43K	$28K	20x	as long as short
Vest HG-PERP	−0.037%	+0.0046%	1h	—	$82K	25x	as long as short
gTrade (Gains Network) HG/USD	−0.037%	L +0.0002% / S −0.0001%	1h	$175K	—	250x	as long as short
Ondo Perps COPPER-USD.P	−0.034%	+0.0050%	1h	$62K	$21K	15x	as long as short
Extended XCU-USD	−0.034%	+0.0032%	1h	$258K	$2.7M	20x	as long as short
KuCoin COPPERUSDTM	−0.009%	+0.0100%	4h	$257K	$25K	50x	as long as short

Show all 27 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica COPPERlong	0.000%	+0.0100%	1h	$25K	$12K	10x
QFEX COPPER-USD	+0.006%	+0.0043%	1h	$1.5M	$94K	20x	as long as short
MEXC COPPER_USDT	+0.006%	0.0000%	4h	$25.3M	$4.1M	100x	as long as short
Bitget COPPERUSDT	+0.006%	+0.0092%	4h	$1.6M	$1.0M	100x	as long as short
edgeX COPPERUSDC	+0.014%	−0.0014%	4h	$92K	$317K	20x	as long as short
Aevo COPPER-PERP	+0.017%	+0.0104%	1h	$309	—	10x	as long as short
Kraken Futures PF_XCUUSD	+0.017%	+0.0390%	1h	$26K	$55K	20x	as long as short
Binance COPPERUSDT	+0.017%	0.0000%	4h	$9.0M	$34.1M	100x	as long as short
Variational Omni COPPERshort	+0.019%	0.0000%	4h	$750K	$1.5M	—
Aster XCUUSDT	+0.021%	0.0000%	4h	$32K	$52K	50x	as long as short
SunX COPPER-USDT	+0.021%	0.0000%	4h	—	$7.9M	20x	as long as short
Paradex XCU-USD-PERP	+0.022%	+0.0051%	8h	$1K	$3K	5x	as long as short
HTX COPPER-USDT	+0.036%	0.0000%	4h	$60K	$28K	75x	as long as short
BloFin COPPER-USDT	+0.050%	+0.0037%	4h	$89K	$134K	100x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.110%	+0.0100%	8h	$3K	—	10x	as long as short
Lighter XCU	+0.151%	+0.0080%	1h	$473K	$44K	20x	as long as short
Phemex COPPERUSDT	+0.184%	0.0000%	4h	$4.2M	$76K	100x	as long as short