Spread before costs (cost unknown: a leg has no order-book sample)+0.045%
7d average—if it closes, per $10,000$4funding while held, a day−$1.65
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix COPPER | 6.7632 | 0.0106 | pay 0.0013% / 1h | 47m 24s | $43K | $28K | 20x |
| Short | Paradex XCU-USD-PERP | 6.7662 | 0.0051 | get 0.0051% / 8h | 6h 47m | $1K | $3K | 5x |
Phoenix COPPER
Paradex XCU-USD-PERPPrice 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
- $4.46
- Funding while held
- −$1.65
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$8.2
- Spread needed to break even
- 0.110%
Slippage unknown: Phoenix: no order-book sample; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0055%
- Per $10,000 a day
- −$1.65
- 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 Paradex no order-book sample | — | — | — | — | — |
Phoenix and Paradex: 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.Gate6.7540cheapesttradeXYZ6.7590+0.074%OKX6.7622+0.121%SoDEX6.7628+0.130%
Gate
tradeXYZ
OKX
SoDEXPhoenix6.7632+0.136%
Extended6.7635+0.141%Vest6.7636+0.142%gTrade (Gains Network)6.7637+0.143%Pacifica6.7639+0.147%KuCoin6.7660+0.178%Kraken Futures6.7661+0.179%
Extended
Vest
gTrade (Gains Network)
Pacifica
KuCoin
Kraken FuturesParadex6.7662+0.181%
Aster6.7670+0.192%MEXC6.7670+0.192%Ondo Perps6.7672+0.195%Binance6.7680+0.207%QFEX6.7680+0.207%Bitget6.7680+0.207%Aevo6.7684+0.213%SunX6.7690+0.222%Variational Omni6.7698+0.234%edgeX6.7703+0.241%HTX6.7720+0.267%BloFin6.7720+0.267%Lighter6.7740+0.296%Orderly6.7740+0.296%Phemex6.7770+0.341%
Aster
MEXC
Ondo Perps
Binance
QFEX
Bitget
Aevo
SunX
Variational Omni
HTX
BloFin
Lighter
Orderly
PhemexCOPPER on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate XCU_USDT | −0.136% | 0.0000% | 8h | $1.3M | $518K | 100x | as long as short |
| tradeXYZ xyz:COPPER | −0.062% | −0.0187% | 1h | $10.5M | $5.7M | 20x | as long as short |
| OKX XCU-USDT-SWAP | −0.015% | 0.0000% | 8h | $539K | $1.1M | 50x | as long as short |
| SoDEX COPPER-USD | −0.006% | +0.0050% | 1h | $896 | $3K | 20x | as long as short |
| Phoenix COPPERlong | 0.000% | +0.0106% | 1h | $43K | $28K | 20x | |
| Extended XCU-USD | +0.005% | +0.0032% | 1h | $258K | $2.7M | 20x | as long as short |
| Vest HG-PERP | +0.006% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| gTrade (Gains Network) HG/USD | +0.007% | L +0.0002% / S −0.0001% | 1h | $176K | — | 250x | as long as short |
| Pacifica COPPER | +0.011% | +0.0100% | 1h | $25K | $12K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.041% | +0.0100% | 4h | $257K | $25K | 50x | as long as short |