After costs, if the gap returns to its 7d average, $10k−$174
spread now−0.310%7d average−0.033%fees + slippage, in and out−$147spread needed1.466%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex COPPERUSDT | 6.7760 | 0 | get 0.0000% / 4h | 2h 57m | $4.2M | $75K | 100x |
| Short | Gate XCU_USDT | 6.7550 | 0 | get 0.0000% / 8h | 6h 57m | $1.3M | $517K | 100x |
Phemex COPPERUSDT
Gate XCU_USDTPrice 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
- −$30.99
- Funding while held
- $0
- Slippage, 4 orders
- −$119.57
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$177.56
- Spread needed to break even
- 1.466%
Slippage from Phemex: live order book, 2 min ago; Gate: live order book, 1 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, 2 min ago | 1.48 bp | 51.7 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 3.70 bp | 24.3 bp −$24 | 201.6 bp −$2,016 | doesn't fit | doesn't fit |
COPPER price on every exchange
against the cheapest. Click to use as the short leg.Gate6.7550cheapest
tradeXYZ6.7617+0.099%Pacifica6.7618+0.101%OKX6.7618+0.101%Vest6.7619+0.102%SoDEX6.7620+0.104%gTrade (Gains Network)6.7626+0.113%Extended6.7629+0.117%Phoenix6.7630+0.118%Paradex6.7641+0.135%Bitget6.7650+0.148%Kraken Futures6.7658+0.160%KuCoin6.7660+0.163%Aster6.7662+0.166%Ondo Perps6.7664+0.169%Aevo6.7665+0.170%edgeX6.7666+0.172%Binance6.7670+0.178%QFEX6.7670+0.178%MEXC6.7670+0.178%SunX6.7670+0.178%BloFin6.7670+0.178%Variational Omni6.7673+0.183%HTX6.7690+0.207%Orderly6.7730+0.266%Lighter6.7739+0.280%
tradeXYZ
Pacifica
OKX
Vest
SoDEX
gTrade (Gains Network)
Extended
Phoenix
Paradex
Bitget
Kraken Futures
KuCoin
Aster
Ondo Perps
Aevo
Binance
QFEX
MEXC
SunX
BloFin
Variational Omni
HTX
Orderly
LighterPhemex6.7760+0.311%
COPPER on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate XCU_USDTshort | −0.310% | 0.0000% | 8h | $1.3M | $517K | 100x | |
| tradeXYZ xyz:COPPER | −0.211% | +0.0050% | 1h | $10.4M | $5.6M | 20x | as long as short |
| Pacifica COPPER | −0.210% | +0.0100% | 1h | $25K | $12K | 10x | as long as short |
| OKX XCU-USDT-SWAP | −0.210% | 0.0000% | 8h | $538K | $1.1M | 50x | as long as short |
| Vest HG-PERP | −0.208% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| SoDEX COPPER-USD | −0.207% | +0.0050% | 1h | $895 | $3K | 20x | as long as short |
| gTrade (Gains Network) HG/USD | −0.197% | L +0.0002% / S −0.0001% | 1h | $175K | — | 250x | as long as short |
| Extended XCU-USD | −0.193% | +0.0032% | 1h | $258K | $2.7M | 20x | as long as short |
| Phoenix COPPER | −0.192% | +0.0059% | 1h | $43K | $27K | 20x | as long as short |
| Paradex XCU-USD-PERP | −0.175% | +0.0052% | 8h | $1K | $3K | 5x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget COPPERUSDT | −0.162% | +0.0066% | 4h | $1.6M | $1.0M | 100x | as long as short |
| Kraken Futures PF_XCUUSD | −0.150% | +0.0390% | 1h | $26K | $73K | 20x | as long as short |
| KuCoin COPPERUSDTM | −0.148% | +0.0100% | 4h | $257K | $25K | 50x | as long as short |
| Aster XCUUSDT | −0.145% | 0.0000% | 4h | $32K | $52K | 50x | as long as short |
| Ondo Perps COPPER-USD.P | −0.142% | +0.0050% | 1h | $62K | $16K | 15x | as long as short |
| Aevo COPPER-PERP | −0.140% | +0.0104% | 1h | $309 | — | 10x | as long as short |
| edgeX COPPERUSDC | −0.138% | −0.0015% | 4h | $93K | $319K | 20x | as long as short |
| Binance COPPERUSDT | −0.133% | 0.0000% | 4h | $9.0M | $34.0M | 100x | as long as short |
| QFEX COPPER-USD | −0.133% | +0.0043% | 1h | $1.5M | $51K | 20x | as long as short |
| MEXC COPPER_USDT | −0.133% | 0.0000% | 4h | $25.6M | $4.0M | 100x | as long as short |
| SunX COPPER-USDT | −0.133% | 0.0000% | 4h | — | $7.9M | 20x | as long as short |
| BloFin COPPER-USDT | −0.133% | −0.0035% | 4h | $88K | $133K | 100x | as long as short |
| Variational Omni COPPER | −0.128% | 0.0000% | 4h | $747K | $1.5M | — | as long as short |
| HTX COPPER-USDT | −0.103% | 0.0000% | 4h | $60K | $29K | 75x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | −0.044% | +0.0100% | 8h | $3K | — | 10x | as long as short |
| Lighter XCU | −0.031% | +0.0136% | 1h | $474K | $43K | 20x | as long as short |
| Phemex COPPERUSDTlong | 0.000% | 0.0000% | 4h | $4.2M | $75K | 100x |