After costs, if the gap returns to its 7d average, $10k−$228
spread now−0.015%7d average+0.059%fees + slippage, in and out−$221spread needed2.209%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex COPPERUSDT | 6.7700 | 0 | get 0.0000% / 4h | 3h 11m | $4.2M | $75K | 100x |
| Short | KuCoin COPPERUSDTM | 6.7690 | 0.0100 | get 0.0050% / 4h | 3h 11m | $257K | $25K | 50x |
Phemex COPPERUSDT
KuCoin COPPERUSDTMPrice 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
- $3
- Slippage, 4 orders
- −$196.92
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$219.4
- Spread needed to break even
- 2.209%
Slippage from Phemex: live order book, 3 min ago; KuCoin: live order book, 36 min ago.
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 Phemex live order book, 3 min ago | 0.74 bp | 52.8 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 36 min ago | 14.01 bp | 75.0 bp −$75 | doesn't fit | doesn't fit | doesn't fit |
COPPER price on every exchange
against the cheapest. Click to use as the short leg.Gate6.7550cheapestOKX6.7603+0.078%Vest6.7614+0.095%SoDEX6.7620+0.104%gTrade (Gains Network)6.7622+0.107%tradeXYZ6.7625+0.111%Phoenix6.7625+0.111%Extended6.7635+0.126%Pacifica6.7636+0.128%Ondo Perps6.7652+0.151%Aster6.7660+0.163%Kraken Futures6.7663+0.167%MEXC6.7670+0.178%Bitget6.7670+0.178%SunX6.7670+0.178%Paradex6.7670+0.178%Aevo6.7674+0.184%QFEX6.7680+0.192%BloFin6.7680+0.192%Binance6.7687+0.203%
Gate
OKX
Vest
SoDEX
gTrade (Gains Network)
tradeXYZ
Phoenix
Extended
Pacifica
Ondo Perps
Aster
Kraken Futures
MEXC
Bitget
SunX
Paradex
Aevo
QFEX
BloFin
BinanceKuCoin6.7690+0.207%
HTX6.7690+0.207%
HTXPhemex6.7700+0.222%
edgeX6.7712+0.240%Variational Omni6.7718+0.249%Orderly6.7750+0.296%Lighter6.7761+0.312%
Variational Omni
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 | −0.222% | 0.0000% | 8h | $1.3M | $517K | 100x | as long as short |
| OKX XCU-USDT-SWAP | −0.143% | 0.0000% | 8h | $538K | $1.1M | 50x | as long as short |
| Vest HG-PERP | −0.127% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| SoDEX COPPER-USD | −0.118% | +0.0050% | 1h | $895 | $3K | 20x | as long as short |
| gTrade (Gains Network) HG/USD | −0.115% | L +0.0002% / S −0.0001% | 1h | $175K | — | 250x | as long as short |
| tradeXYZ xyz:COPPER | −0.111% | +0.0050% | 1h | $10.4M | $5.6M | 20x | as long as short |
| Phoenix COPPER | −0.111% | +0.0059% | 1h | $43K | $28K | 20x | as long as short |
| Extended XCU-USD | −0.095% | +0.0032% | 1h | $258K | $2.7M | 20x | as long as short |
| Pacifica COPPER | −0.094% | +0.0100% | 1h | $25K | $12K | 10x | as long as short |
| Ondo Perps COPPER-USD.P | −0.071% | +0.0050% | 1h | $62K | $16K | 15x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster XCUUSDT | −0.059% | 0.0000% | 4h | $32K | $52K | 50x | as long as short |
| Kraken Futures PF_XCUUSD | −0.055% | +0.0189% | 1h | $26K | $73K | 20x | as long as short |
| MEXC COPPER_USDT | −0.044% | 0.0000% | 4h | $25.7M | $4.0M | 100x | as long as short |
| Bitget COPPERUSDT | −0.044% | +0.0030% | 4h | $1.7M | $1.0M | 100x | as long as short |
| SunX COPPER-USDT | −0.044% | 0.0000% | 4h | — | $7.9M | 20x | as long as short |
| Paradex XCU-USD-PERP | −0.044% | +0.0052% | 8h | $1K | $3K | 5x | as long as short |
| Aevo COPPER-PERP | −0.038% | +0.0104% | 1h | $309 | — | 10x | as long as short |
| QFEX COPPER-USD | −0.030% | +0.0011% | 1h | $1.5M | $51K | 20x | as long as short |
| BloFin COPPER-USDT | −0.030% | +0.0058% | 4h | $89K | $133K | 100x | as long as short |
| Binance COPPERUSDT | −0.019% | 0.0000% | 4h | $9.0M | $34.0M | 100x | as long as short |
| KuCoin COPPERUSDTMshort | −0.015% | +0.0100% | 4h | $257K | $25K | 50x | |
| HTX COPPER-USDT | −0.015% | 0.0000% | 4h | $60K | $29K | 75x | as long as short |
| Phemex COPPERUSDTlong | 0.000% | 0.0000% | 4h | $4.2M | $75K | 100x | |
| edgeX COPPERUSDC | +0.018% | −0.0015% | 4h | $93K | $319K | 20x | as long as short |
| Variational Omni COPPER | +0.027% | 0.0000% | 4h | $748K | $1.5M | — | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.074% | +0.0100% | 8h | $3K | — | 10x | as long as short |
| Lighter XCU | +0.090% | +0.0160% | 1h | $474K | $43K | 20x | as long as short |