Spread before costs (cost unknown: a leg has no order-book sample)−0.018%
7d average—if it closes, per $10,000$2funding while held, a day+$1.71
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COPPER-USD | 6.7630 | 0.0043 | pay 0.0005% / 1h | 13m 25s | $1.5M | $94K | 20x |
| Short | Pacifica COPPER | 6.7618 | 0.0100 | get 0.0013% / 1h | 13m 25s | $25K | $12K | 10x |
QFEX COPPER-USD
Pacifica 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
- −$1.82
- Funding while held
- $1.71
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$18.1
- Spread needed to break even
- 0.180%
Slippage unknown: QFEX: live order book, 5 min ago; Pacifica: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0057%
- Per $10,000 a day
- +$1.71
- 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 | 2.22 bp | 10.2 bp −$10 | 12.8 bp −$128 | doesn't fit | doesn't fit |
| Sell Pacifica no order-book sample | — | — | — | — | — |
Pacifica: 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.Gate6.7510cheapesttradeXYZ6.7564+0.080%SoDEX6.7584+0.110%OKX6.7588+0.116%Phoenix6.7592+0.121%Vest6.7613+0.153%gTrade (Gains Network)6.7616+0.157%
Gate
tradeXYZ
SoDEX
OKX
Phoenix
Vest
gTrade (Gains Network)Pacifica6.7618+0.160%
MEXC6.7620+0.163%KuCoin6.7620+0.163%SunX6.7620+0.163%Extended6.7621+0.165%Kraken Futures6.7629+0.176%Binance6.7630+0.178%
MEXC
KuCoin
SunX
Extended
Kraken Futures
BinanceQFEX6.7630+0.178%
Bitget6.7630+0.178%Ondo Perps6.7632+0.181%Paradex6.7636+0.186%Aevo6.7636+0.187%Aster6.7638+0.190%edgeX6.7641+0.194%Variational Omni6.7641+0.194%HTX6.7650+0.207%BloFin6.7670+0.237%Orderly6.7700+0.281%Lighter6.7728+0.323%Phemex6.7750+0.356%
Bitget
Ondo Perps
Paradex
Aevo
Aster
Variational Omni
HTX
BloFin
Orderly
Lighter
PhemexCOPPER on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate XCU_USDT | −0.177% | 0.0000% | 8h | $1.3M | $520K | 100x | as long as short |
| tradeXYZ xyz:COPPER | −0.098% | −0.0178% | 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 | −0.062% | 0.0000% | 8h | $539K | $1.1M | 50x | as long as short |
| Phoenix COPPER | −0.056% | +0.0106% | 1h | $43K | $28K | 20x | as long as short |
| Vest HG-PERP | −0.025% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| gTrade (Gains Network) HG/USD | −0.021% | L +0.0002% / S −0.0001% | 1h | $175K | — | 250x | as long as short |
| Pacifica COPPERshort | −0.018% | +0.0100% | 1h | $25K | $12K | 10x | |
| MEXC COPPER_USDT | −0.015% | 0.0000% | 4h | $25.3M | $4.1M | 100x | as long as short |
| KuCoin COPPERUSDTM | −0.015% | +0.0100% | 4h | $257K | $25K | 50x | as long as short |