After costs, if the gap returns to its 7d average, $10k−$466
spread now−0.035%7d average+0.051%fees + slippage, in and out−$458spread needed4.578%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COPPER-USD | 6.7640 | 0.0043 | pay 0.0005% / 1h | 43m 17s | $1.5M | $94K | 20x |
| Short | gTrade (Gains Network) HG/USD | 6.7617 | L +0.0002% / S −0.0001% | get 0.0000% / 1h | 43m 17s | $175K | — | 250x |
QFEX COPPER-USD
gTrade (Gains Network) HG/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
- −$3.47
- Funding while held
- −$1.25
- Slippage, 4 orders
- −$437.78
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$462.5
- Spread needed to break even
- 4.578%
Slippage from QFEX: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), 37 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0042%
- Per $10,000 a day
- −$1.25
- 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 | 2.21 bp | 7.2 bp −$7 | 9.8 bp −$98 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 37 min ago | 130.00 bp | 213.6 bp −$214 | 1617.5 bp −$16.2K | doesn't fit | doesn't fit |
COPPER price on every exchange
against the cheapest. Click to use as the short leg.Gate6.7540cheapesttradeXYZ6.7572+0.047%SoDEX6.7594+0.080%OKX6.7597+0.084%Phoenix6.7606+0.098%Vest6.7614+0.110%
Gate
tradeXYZ
SoDEX
OKX
Phoenix
VestgTrade (Gains Network)6.7617+0.113%
Pacifica6.7618+0.115%Extended6.7619+0.117%Binance6.7640+0.148%
Pacifica
Extended
BinanceQFEX6.7640+0.148%
MEXC6.7640+0.148%KuCoin6.7640+0.148%Bitget6.7640+0.148%SunX6.7640+0.148%Paradex6.7642+0.151%Aevo6.7646+0.157%Aster6.7656+0.171%Kraken Futures6.7658+0.175%BloFin6.7660+0.178%edgeX6.7664+0.183%Variational Omni6.7667+0.189%Ondo Perps6.7672+0.195%HTX6.7700+0.237%Lighter6.7726+0.275%Orderly6.7730+0.281%Phemex6.7730+0.281%
MEXC
KuCoin
Bitget
SunX
Paradex
Aevo
Aster
Kraken Futures
BloFin
Variational Omni
Ondo Perps
HTX
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 | −0.148% | 0.0000% | 8h | $1.3M | $518K | 100x | as long as short |
| tradeXYZ xyz:COPPER | −0.101% | −0.0198% | 1h | $10.5M | $5.7M | 20x | as long as short |
| SoDEX COPPER-USD | −0.068% | +0.0050% | 1h | $895 | $3K | 20x | as long as short |
| OKX XCU-USDT-SWAP | −0.064% | 0.0000% | 8h | $539K | $1.1M | 50x | as long as short |
| Phoenix COPPER | −0.050% | +0.0106% | 1h | $43K | $28K | 20x | as long as short |
| Vest HG-PERP | −0.038% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| gTrade (Gains Network) HG/USDshort | −0.035% | L +0.0002% / S −0.0001% | 1h | $175K | — | 250x | |
| Pacifica COPPER | −0.033% | +0.0100% | 1h | $25K | $12K | 10x | as long as short |
| Extended XCU-USD | −0.031% | +0.0032% | 1h | $258K | $2.7M | 20x | as long as short |
| Binance COPPERUSDT | 0.000% | 0.0000% | 4h | $9.0M | $34.1M | 100x | as long as short |