After costs, if the gap returns to its 7d average, $10k−$45
spread now−0.015%7d average+0.078%fees + slippage, in and out−$35spread needed0.354%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COPPER-USD | 6.7780 | 0.0016 | pay 0.0002% / 1h | 38m 29s | $1.5M | $48K | 20x |
| Short | Extended XCU-USD | 6.7770 | 0.0032 | get 0.0004% / 1h | 38m 29s | $243K | $2.6M | 20x |
QFEX COPPER-USD
Extended XCU-USDPrice 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
- −$1.5
- Funding while held
- $0.49
- Slippage, 4 orders
- −$20.42
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$36.43
- Spread needed to break even
- 0.354%
Slippage from QFEX: live order book, 5 min ago; Extended: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0016%
- Per $10,000 a day
- +$0.49
- 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 QFEX live order book, 5 min ago | 1.47 bp | 6.5 bp −$6 | 10.5 bp −$105 | doesn't fit | doesn't fit |
| Sell Extended live order book, 2 min ago | 4.35 bp | 7.4 bp −$7 | 63.0 bp −$630 | doesn't fit | doesn't fit |
COPPER price on every exchange
against the cheapest. Click to use as the short leg.Gate6.7730cheapestOKX6.7761+0.046%tradeXYZ6.7769+0.058%
Gate
OKX
tradeXYZExtended6.7770+0.059%
Vest6.7777+0.069%
VestQFEX6.7780+0.074%
Pacifica6.7781+0.075%MEXC6.7790+0.089%Bitget6.7790+0.089%Aster6.7794+0.095%gTrade (Gains Network)6.7796+0.097%SoDEX6.7796+0.097%Paradex6.7796+0.098%Binance6.7799+0.102%SunX6.7810+0.118%Phemex6.7810+0.118%Aevo6.7816+0.127%Variational Omni6.7819+0.131%BloFin6.7820+0.133%Ondo Perps6.7821+0.134%edgeX6.7821+0.134%Kraken Futures6.7827+0.143%Phoenix6.7827+0.143%KuCoin6.7870+0.207%Lighter6.7883+0.226%Orderly6.7890+0.236%HTX6.7910+0.266%
Pacifica
MEXC
Bitget
Aster
gTrade (Gains Network)
SoDEX
Paradex
Binance
SunX
Phemex
Aevo
Variational Omni
BloFin
Ondo Perps
Kraken Futures
Phoenix
KuCoin
Lighter
Orderly
HTXCOPPER on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate XCU_USDT | −0.074% | 0.0000% | 8h | $1.3M | $516K | 100x | as long as short |
| OKX XCU-USDT-SWAP | −0.028% | 0.0000% | 8h | $523K | $1.0M | 50x | as long as short |
| tradeXYZ xyz:COPPER | −0.016% | +0.0038% | 1h | $10.4M | $5.6M | 20x | as long as short |
| Extended XCU-USDshort | −0.015% | +0.0032% | 1h | $243K | $2.6M | 20x | |
| Vest HG-PERP | −0.004% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| QFEX COPPER-USDlong | 0.000% | +0.0016% | 1h | $1.5M | $48K | 20x | |
| Pacifica COPPER | +0.001% | +0.0100% | 1h | $25K | $12K | 10x | as long as short |
| MEXC COPPER_USDT | +0.015% | 0.0000% | 4h | $26.0M | $4.0M | 100x | as long as short |
| Bitget COPPERUSDT | +0.015% | 0.0000% | 4h | $1.7M | $999K | 100x | as long as short |
| Aster XCUUSDT | +0.021% | 0.0000% | 4h | $32K | $52K | 50x | as long as short |