After costs, if the gap returns to its 7d average, $10k−$151
spread now−0.148%7d average+0.031%fees + slippage, in and out−$133spread needed1.330%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex COPPERUSDT | 6.7790 | 0 | get 0.0000% / 4h | 1h 55m | $4.2M | $77K | 100x |
| Short | Binance COPPERUSDT | 6.7690 | 0 | get 0.0000% / 4h | 1h 55m | $9.0M | $34.3M | 100x |
Phemex COPPERUSDT
Binance COPPERUSDTPrice 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
- −$14.75
- Funding while held
- $0
- Slippage, 4 orders
- −$111
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$147.75
- Spread needed to break even
- 1.330%
Slippage from Phemex: live order book, 5 min ago; Binance: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 Phemex live order book, 5 min ago | 1.48 bp | 51.8 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 0.74 bp | 5.7 bp −$6 | 5.8 bp −$58 | 76.9 bp −$7,692 | doesn't fit |
COPPER price on every exchange
against the cheapest. Click to use as the short leg.Gate6.7540cheapestOKX6.7600+0.089%Phoenix6.7616+0.113%SoDEX6.7619+0.117%tradeXYZ6.7622+0.121%BloFin6.7650+0.163%Kraken Futures6.7660+0.178%Ondo Perps6.7663+0.182%Vest6.7666+0.187%Pacifica6.7670+0.192%Bitget6.7670+0.192%gTrade (Gains Network)6.7670+0.193%Extended6.7671+0.193%edgeX6.7678+0.204%QFEX6.7680+0.207%MEXC6.7680+0.207%KuCoin6.7680+0.207%SunX6.7680+0.207%HTX6.7680+0.207%Aster6.7681+0.208%Aevo6.7684+0.213%Variational Omni6.7689+0.221%
Gate
OKX
Phoenix
SoDEX
tradeXYZ
BloFin
Kraken Futures
Ondo Perps
Vest
Pacifica
Bitget
gTrade (Gains Network)
Extended
QFEX
MEXC
KuCoin
SunX
HTX
Aster
Aevo
Variational OmniBinance6.7690+0.222%
Paradex6.7691+0.224%Orderly6.7750+0.311%Lighter6.7777+0.351%
Paradex
Orderly
LighterPhemex6.7790+0.370%
COPPER on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate XCU_USDT | −0.369% | 0.0000% | 8h | $1.3M | $524K | 100x | as long as short |
| OKX XCU-USDT-SWAP | −0.280% | 0.0000% | 8h | $539K | $1.1M | 50x | as long as short |
| Phoenix COPPER | −0.257% | −0.0036% | 1h | $43K | $28K | 20x | as long as short |
| SoDEX COPPER-USD | −0.252% | +0.0050% | 1h | $895 | $3K | 20x | as long as short |
| tradeXYZ xyz:COPPER | −0.248% | −0.0230% | 1h | $10.5M | $5.8M | 20x | as long as short |
| BloFin COPPER-USDT | −0.207% | −0.0016% | 4h | $89K | $139K | 100x | as long as short |
| Kraken Futures PF_XCUUSD | −0.191% | +0.0597% | 1h | $26K | $46K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | −0.187% | +0.0050% | 1h | $62K | $21K | 15x | as long as short |
| Vest HG-PERP | −0.183% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| Pacifica COPPER | −0.177% | +0.0100% | 1h | $25K | $12K | 10x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget COPPERUSDT | −0.177% | +0.0078% | 4h | $1.6M | $1.0M | 100x | as long as short |
| gTrade (Gains Network) HG/USD | −0.177% | L +0.0002% / S −0.0001% | 1h | $176K | — | 250x | as long as short |
| Extended XCU-USD | −0.176% | +0.0032% | 1h | $257K | $2.7M | 20x | as long as short |
| edgeX COPPERUSDC | −0.166% | −0.0006% | 4h | $92K | $316K | 20x | as long as short |
| QFEX COPPER-USD | −0.162% | +0.0007% | 1h | $1.5M | $95K | 20x | as long as short |
| MEXC COPPER_USDT | −0.162% | 0.0000% | 4h | $25.6M | $4.1M | 100x | as long as short |
| KuCoin COPPERUSDTM | −0.162% | +0.0100% | 4h | $257K | $25K | 50x | as long as short |
| SunX COPPER-USDT | −0.162% | 0.0000% | 4h | — | $7.9M | 20x | as long as short |
| HTX COPPER-USDT | −0.162% | 0.0000% | 4h | $60K | $28K | 75x | as long as short |
| Aster XCUUSDT | −0.161% | 0.0000% | 4h | $32K | $52K | 50x | as long as short |
| Aevo COPPER-PERP | −0.156% | +0.0104% | 1h | $309 | — | 10x | as long as short |
| Variational Omni COPPER | −0.148% | 0.0000% | 4h | $748K | $1.5M | — | as long as short |
| Binance COPPERUSDTshort | −0.148% | 0.0000% | 4h | $9.0M | $34.3M | 100x | |
| Paradex XCU-USD-PERP | −0.146% | +0.0050% | 8h | $1K | $3K | 5x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | −0.059% | +0.0100% | 8h | $3K | — | 10x | as long as short |
| Lighter XCU | −0.019% | +0.0032% | 1h | $474K | $44K | 20x | as long as short |
| Phemex COPPERUSDTlong | 0.000% | 0.0000% | 4h | $4.2M | $77K | 100x |