Spread before costs (cost unknown: a leg has no order-book sample)−0.232%
7d average—if it closes, per $10,000$23funding while held, a day+$3.19
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex COPPERUSDT | 6.7770 | 0 | get 0.0000% / 4h | 2h 51m | $4.2M | $75K | 100x |
| Short | Phoenix COPPER | 6.7613 | 0.0106 | get 0.0013% / 1h | 51m 30s | $43K | $28K | 20x |
Phemex COPPERUSDT
Phoenix 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
- −$23.17
- Funding while held
- $3.19
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$38.97
- Spread needed to break even
- 0.190%
Slippage unknown: Phemex: live order book, 4 min ago; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0106%
- Per $10,000 a day
- +$3.19
- 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, 4 min ago | 1.48 bp | 51.6 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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.Gate6.7540cheapesttradeXYZ6.7601+0.090%
Gate
tradeXYZPhoenix6.7613+0.108%
SoDEX6.7614+0.110%OKX6.7627+0.129%Ondo Perps6.7638+0.145%Vest6.7640+0.148%gTrade (Gains Network)6.7642+0.151%Pacifica6.7647+0.158%Extended6.7648+0.160%Kraken Futures6.7656+0.172%BloFin6.7660+0.178%Variational Omni6.7668+0.190%Aster6.7670+0.192%HTX6.7670+0.192%edgeX6.7671+0.193%Paradex6.7671+0.193%Aevo6.7676+0.201%QFEX6.7680+0.207%MEXC6.7680+0.207%KuCoin6.7680+0.207%Bitget6.7680+0.207%SunX6.7680+0.207%Binance6.7690+0.222%Orderly6.7740+0.296%Lighter6.7749+0.309%
SoDEX
OKX
Ondo Perps
Vest
gTrade (Gains Network)
Pacifica
Extended
Kraken Futures
BloFin
Variational Omni
Aster
HTX
Paradex
Aevo
QFEX
MEXC
KuCoin
Bitget
SunX
Binance
Orderly
LighterPhemex6.7770+0.341%
COPPER on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate XCU_USDT | −0.339% | 0.0000% | 8h | $1.3M | $517K | 100x | as long as short |
| tradeXYZ xyz:COPPER | −0.249% | −0.0146% | 1h | $10.5M | $5.7M | 20x | as long as short |
| Phoenix COPPERshort | −0.232% | +0.0106% | 1h | $43K | $28K | 20x | |
| SoDEX COPPER-USD | −0.230% | +0.0050% | 1h | $895 | $3K | 20x | as long as short |
| OKX XCU-USDT-SWAP | −0.211% | 0.0000% | 8h | $539K | $1.1M | 50x | as long as short |
| Ondo Perps COPPER-USD.P | −0.195% | +0.0050% | 1h | $62K | $21K | 15x | as long as short |
| Vest HG-PERP | −0.192% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| gTrade (Gains Network) HG/USD | −0.189% | L +0.0002% / S −0.0001% | 1h | $176K | — | 250x | as long as short |
| Pacifica COPPER | −0.182% | +0.0100% | 1h | $25K | $12K | 10x | as long as short |
| Extended XCU-USD | −0.180% | +0.0032% | 1h | $258K | $2.7M | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCUUSD | −0.168% | +0.0390% | 1h | $26K | $69K | 20x | as long as short |
| BloFin COPPER-USDT | −0.162% | −0.0015% | 4h | $89K | $133K | 100x | as long as short |
| Variational Omni COPPER | −0.150% | 0.0000% | 4h | $747K | $1.5M | — | as long as short |
| Aster XCUUSDT | −0.148% | 0.0000% | 4h | $32K | $52K | 50x | as long as short |
| HTX COPPER-USDT | −0.148% | 0.0000% | 4h | $60K | $28K | 75x | as long as short |
| edgeX COPPERUSDC | −0.147% | −0.0007% | 4h | $93K | $317K | 20x | as long as short |
| Paradex XCU-USD-PERP | −0.147% | +0.0052% | 8h | $1K | $3K | 5x | as long as short |
| Aevo COPPER-PERP | −0.139% | +0.0104% | 1h | $309 | — | 10x | as long as short |
| QFEX COPPER-USD | −0.133% | +0.0043% | 1h | $1.5M | $94K | 20x | as long as short |
| MEXC COPPER_USDT | −0.133% | 0.0000% | 4h | $25.6M | $4.0M | 100x | as long as short |
| KuCoin COPPERUSDTM | −0.133% | +0.0100% | 4h | $257K | $25K | 50x | as long as short |
| Bitget COPPERUSDT | −0.133% | +0.0080% | 4h | $1.6M | $1.0M | 100x | as long as short |
| SunX COPPER-USDT | −0.133% | 0.0000% | 4h | — | $7.9M | 20x | as long as short |
| Binance COPPERUSDT | −0.118% | 0.0000% | 4h | $9.0M | $34.0M | 100x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | −0.044% | +0.0100% | 8h | $3K | — | 10x | as long as short |
| Lighter XCU | −0.031% | +0.0144% | 1h | $473K | $43K | 20x | as long as short |
| Phemex COPPERUSDTlong | 0.000% | 0.0000% | 4h | $4.2M | $75K | 100x |