COPPER

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After costs, if the gap returns to its 7d average, $10k−$146

spread now−0.192%7d average+0.043%fees + slippage, in and out−$122spread needed1.224%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex COPPERUSDT	6.7750	0	get 0.0000% / 4h	3h 08m	$4.2M	$75K	100x
Short	tradeXYZ xyz:COPPER	6.7620	0.0050	get 0.0006% / 1h	8m 20s	$10.4M	$5.6M	20x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

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

Position, each leg$Hold forhoursFee PhemexbpFee tradeXYZbpOrdersClose when spread is

Slippage from Phemex: live order book, 2 min ago; tradeXYZ: live order book, 12 min ago.

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	0.74 bp	52.4 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 12 min ago	1.03 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn't fit

against the cheapest. Click to use as the short leg.

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Gate XCU_USDT	−0.280%	0.0000%	8h	$1.3M	$517K	100x	as long as short
OKX XCU-USDT-SWAP	−0.211%	0.0000%	8h	$538K	$1.1M	50x	as long as short
tradeXYZ xyz:COPPERshort	−0.192%	+0.0050%	1h	$10.4M	$5.6M	20x
Phoenix COPPER	−0.189%	+0.0059%	1h	$43K	$28K	20x	as long as short
gTrade (Gains Network) HG/USD	−0.185%	L +0.0002% / S −0.0001%	1h	$175K	—	250x	as long as short
Vest HG-PERP	−0.185%	+0.0046%	1h	—	$82K	25x	as long as short
Extended XCU-USD	−0.179%	+0.0032%	1h	$258K	$2.7M	20x	as long as short
SoDEX COPPER-USD	−0.176%	+0.0050%	1h	$896	$3K	20x	as long as short
Pacifica COPPER	−0.136%	+0.0100%	1h	$25K	$12K	10x	as long as short
Aster XCUUSDT	−0.126%	0.0000%	4h	$32K	$52K	50x	as long as short

Show all 27 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Paradex XCU-USD-PERP	−0.119%	+0.0052%	8h	$1K	$3K	5x	as long as short
Bitget COPPERUSDT	−0.118%	+0.0044%	4h	$1.7M	$1.0M	100x	as long as short
edgeX COPPERUSDC	−0.107%	−0.0002%	4h	$93K	$316K	20x	as long as short
Binance COPPERUSDT	−0.103%	0.0000%	4h	$9.0M	$34.0M	100x	as long as short
MEXC COPPER_USDT	−0.103%	0.0000%	4h	$25.7M	$4.0M	100x	as long as short
KuCoin COPPERUSDTM	−0.103%	+0.0100%	4h	$257K	$25K	50x	as long as short
BloFin COPPER-USDT	−0.103%	+0.0019%	4h	$89K	$133K	100x	as long as short
Aevo COPPER-PERP	−0.094%	+0.0104%	1h	$309	—	10x	as long as short
QFEX COPPER-USD	−0.089%	+0.0011%	1h	$1.5M	$51K	20x	as long as short
Variational Omni COPPER	−0.086%	0.0000%	4h	$747K	$1.5M	—	as long as short
Kraken Futures PF_XCUUSD	−0.081%	+0.0189%	1h	$26K	$73K	20x	as long as short
SunX COPPER-USDT	−0.074%	0.0000%	4h	—	$7.9M	20x	as long as short
Ondo Perps COPPER-USD.P	−0.063%	+0.0050%	1h	$62K	$16K	15x	as long as short
HTX COPPER-USDT	−0.030%	0.0000%	4h	$60K	$29K	75x	as long as short
Phemex COPPERUSDTlong	0.000%	0.0000%	4h	$4.2M	$75K	100x
Orderly PERP_COPPER_USDC_mythos	+0.015%	+0.0100%	8h	$3K	—	10x	as long as short
Lighter XCU	+0.021%	+0.0168%	1h	$474K	$43K	20x	as long as short