Spread before costs (cost unknown: a leg has no order-book sample)−0.060%
7d average—if it closes, per $10,000$6funding while held, a day−$2.01
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix COPPER | 6.8239 | 0.0117 | pay 0.0015% / 1h | 26m 45s | $43K | $28K | 20x |
| Short | tradeXYZ xyz:COPPER | 6.8198 | 0.0050 | get 0.0006% / 1h | 26m 45s | $10.5M | $5.3M | 20x |
Phoenix COPPER
tradeXYZ xyz: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
- −$6.01
- Funding while held
- −$2.01
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$33.02
- Spread needed to break even
- 0.250%
Slippage unknown: Phoenix: no order-book sample; tradeXYZ: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0067%
- Per $10,000 a day
- −$2.01
- 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 tradeXYZ live order book, 2 min ago | 0.88 bp | 10.7 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
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.Variational Omni6.8192cheapestExtended6.8195+0.005%
Variational Omni
ExtendedtradeXYZ6.8198+0.009%
Gate6.8200+0.012%gTrade (Gains Network)6.8203+0.017%SoDEX6.8211+0.028%Vest6.8221+0.043%Aster6.8230+0.056%Aevo6.8233+0.061%
Gate
gTrade (Gains Network)
SoDEX
Vest
Aster
AevoPhoenix6.8239+0.069%
QFEX6.8240+0.071%MEXC6.8240+0.071%edgeX6.8245+0.078%OKX6.8245+0.078%Binance6.8249+0.084%Pacifica6.8250+0.085%Bitget6.8250+0.085%BloFin6.8250+0.085%Paradex6.8258+0.098%SunX6.8260+0.100%Phemex6.8260+0.100%HTX6.8270+0.115%Ondo Perps6.8271+0.116%Orderly6.8300+0.159%Kraken Futures6.8314+0.179%KuCoin6.8330+0.203%Lighter6.8375+0.269%
QFEX
MEXC
OKX
Binance
Pacifica
Bitget
BloFin
Paradex
SunX
Phemex
HTX
Ondo Perps
Orderly
Kraken Futures
KuCoin
LighterCOPPER on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni COPPER | −0.069% | 0.0000% | 4h | $811K | $1.3M | — | as long as short |
| Extended XCU-USD | −0.065% | +0.0376% | 1h | $405K | $2.0M | 20x | as long as short |
| tradeXYZ xyz:COPPERshort | −0.060% | +0.0050% | 1h | $10.5M | $5.3M | 20x | |
| Gate XCU_USDT | −0.057% | 0.0000% | 8h | $1.3M | $488K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | −0.053% | L +0.0002% / S −0.0001% | 1h | $307K | — | 250x | as long as short |
| SoDEX COPPER-USD | −0.041% | +0.0050% | 1h | $903 | $3K | 20x | as long as short |
| Vest HG-PERP | −0.026% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| Aster XCUUSDT | −0.013% | 0.0000% | 4h | $33K | $50K | 50x | as long as short |
| Aevo COPPER-PERP | −0.008% | +0.0104% | 1h | $312 | — | 10x | as long as short |
| Phoenix COPPERlong | 0.000% | +0.0117% | 1h | $43K | $28K | 20x |