Spread before costs (cost unknown: a leg has no order-book sample)+0.112%
7d average—if it closes, per $10,000$11funding while held, a day−$0.91
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix COPPER | 6.7824 | 0.0130 | pay 0.0016% / 1h | 40m 04s | $43K | $28K | 20x |
| Short | Orderly PERP_COPPER_USDC_mythos | 6.7900 | 0.0100 | get 0.0100% / 8h | 40m 04s | $3K | — | 10x |
Phoenix COPPER
Orderly PERP_COPPER_USDC_mythosPrice 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
- $11.21
- Funding while held
- −$0.91
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$2.7
- Spread needed to break even
- 0.130%
Slippage unknown: Phoenix: no order-book sample; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0030%
- Per $10,000 a day
- −$0.91
- 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Orderly no order-book sample | — | — | — | — | — |
Phoenix and Orderly: 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.Gate6.7750cheapestOKX6.7791+0.061%SoDEX6.7800+0.074%Vest6.7804+0.080%tradeXYZ6.7806+0.083%QFEX6.7810+0.089%SunX6.7810+0.089%Extended6.7811+0.090%gTrade (Gains Network)6.7814+0.095%Variational Omni6.7819+0.101%Binance6.7820+0.103%MEXC6.7820+0.103%Bitget6.7820+0.103%Phemex6.7820+0.103%Pacifica6.7821+0.105%Aevo6.7823+0.108%
Gate
OKX
SoDEX
Vest
tradeXYZ
QFEX
SunX
Extended
gTrade (Gains Network)
Variational Omni
Binance
MEXC
Bitget
Phemex
Pacifica
AevoPhoenix6.7824+0.109%
Kraken Futures6.7828+0.115%Aster6.7829+0.117%Paradex6.7830+0.118%edgeX6.7835+0.125%BloFin6.7840+0.133%Ondo Perps6.7874+0.183%KuCoin6.7900+0.221%
Kraken Futures
Aster
Paradex
BloFin
Ondo Perps
KuCoinOrderly6.7900+0.221%
HTX6.7910+0.236%Lighter6.7918+0.248%
HTX
LighterCOPPER on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate XCU_USDT | −0.109% | 0.0000% | 8h | $1.3M | $516K | 100x | as long as short |
| OKX XCU-USDT-SWAP | −0.049% | 0.0000% | 8h | $524K | $1.0M | 50x | as long as short |
| SoDEX COPPER-USD | −0.035% | +0.0050% | 1h | $898 | $3K | 20x | as long as short |
| Vest HG-PERP | −0.029% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| tradeXYZ xyz:COPPER | −0.027% | +0.0033% | 1h | $10.4M | $5.6M | 20x | as long as short |
| QFEX COPPER-USD | −0.021% | +0.0016% | 1h | $1.5M | $48K | 20x | as long as short |
| SunX COPPER-USDT | −0.021% | 0.0000% | 4h | — | $7.7M | 20x | as long as short |
| Extended XCU-USD | −0.019% | +0.0032% | 1h | $243K | $2.7M | 20x | as long as short |
| gTrade (Gains Network) HG/USD | −0.014% | L +0.0002% / S −0.0001% | 1h | $244K | — | 250x | as long as short |
| Variational Omni COPPER | −0.008% | 0.0000% | 4h | $770K | $1.5M | — | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance COPPERUSDT | −0.006% | 0.0000% | 4h | $9.0M | $33.2M | 100x | as long as short |
| MEXC COPPER_USDT | −0.006% | 0.0000% | 4h | $26.0M | $4.0M | 100x | as long as short |
| Bitget COPPERUSDT | −0.006% | 0.0000% | 4h | $1.7M | $999K | 100x | as long as short |
| Phemex COPPERUSDT | −0.006% | 0.0000% | 4h | $4.2M | $70K | 100x | as long as short |
| Pacifica COPPER | −0.005% | +0.0100% | 1h | $25K | $12K | 10x | as long as short |
| Aevo COPPER-PERP | −0.001% | +0.0104% | 1h | $310 | — | 10x | as long as short |
| Phoenix COPPERlong | 0.000% | +0.0130% | 1h | $43K | $28K | 20x | |
| Kraken Futures PF_XCUUSD | +0.006% | +0.0431% | 1h | $26K | $195K | 20x | as long as short |
| Aster XCUUSDT | +0.008% | 0.0000% | 4h | $32K | $52K | 50x | as long as short |
| Paradex XCU-USD-PERP | +0.008% | +0.0051% | 8h | $1K | $3K | 5x | as long as short |
| edgeX COPPERUSDC | +0.016% | −0.0019% | 4h | $93K | $316K | 20x | as long as short |
| BloFin COPPER-USDT | +0.024% | +0.0058% | 4h | $89K | $130K | 100x | as long as short |
| Ondo Perps COPPER-USD.P | +0.074% | +0.0050% | 1h | $63K | $14K | 15x | as long as short |
| KuCoin COPPERUSDTM | +0.112% | +0.0582% | 4h | $258K | $8K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythosshort | +0.112% | +0.0100% | 8h | $3K | — | 10x | |
| HTX COPPER-USDT | +0.127% | 0.0000% | 4h | $60K | $29K | 75x | as long as short |
| Lighter XCU | +0.139% | +0.0032% | 1h | $476K | $42K | 20x | as long as short |