After costs, if the gap returns to its 7d average, $10k−$113
spread now0.000%7d average−0.010%fees + slippage, in and out−$114spread needed1.138%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COPPER-USD | 6.7810 | 0.0011 | pay 0.0001% / 1h | 39m 21s | $1.5M | $51K | 20x |
| Short | Phemex COPPERUSDT | 6.7810 | 0 | get 0.0000% / 4h | 3h 39m | $4.2M | $73K | 100x |
QFEX COPPER-USD
Phemex COPPERUSDTPrice 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
- $0
- Funding while held
- −$0.33
- Slippage, 4 orders
- −$91.76
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$114.09
- Spread needed to break even
- 1.138%
Slippage from QFEX: live order book, 4 min ago; Phemex: live order book, 6 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0011%
- Per $10,000 a day
- −$0.33
- 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, 4 min ago | 2.21 bp | 7.2 bp −$7 | 10.0 bp −$100 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 0.74 bp | 48.8 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
COPPER price on every exchange
against the cheapest. Click to use as the short leg.Gate6.7680cheapestOKX6.7747+0.099%Vest6.7766+0.127%Pacifica6.7767+0.129%tradeXYZ6.7771+0.134%gTrade (Gains Network)6.7773+0.137%KuCoin6.7780+0.148%Phoenix6.7780+0.148%Ondo Perps6.7782+0.151%SoDEX6.7785+0.155%Extended6.7785+0.156%Paradex6.7786+0.156%Aster6.7790+0.163%Kraken Futures6.7794+0.168%
Gate
OKX
Vest
Pacifica
tradeXYZ
gTrade (Gains Network)
KuCoin
Phoenix
Ondo Perps
SoDEX
Extended
Paradex
Aster
Kraken FuturesQFEX6.7810+0.192%
MEXC6.7810+0.192%
MEXCPhemex6.7810+0.192%
Variational Omni6.7814+0.198%edgeX6.7820+0.206%Binance6.7820+0.207%Bitget6.7820+0.207%SunX6.7820+0.207%BloFin6.7820+0.207%Aevo6.7822+0.210%HTX6.7850+0.251%Lighter6.7873+0.285%Orderly6.7890+0.310%
Variational Omni
Binance
Bitget
SunX
BloFin
Aevo
HTX
Lighter
OrderlyCOPPER on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate XCU_USDT | −0.192% | 0.0000% | 8h | $1.3M | $516K | 100x | as long as short |
| OKX XCU-USDT-SWAP | −0.093% | 0.0000% | 8h | $541K | $1.1M | 50x | as long as short |
| Vest HG-PERP | −0.065% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| Pacifica COPPER | −0.063% | +0.0100% | 1h | $25K | $12K | 10x | as long as short |
| tradeXYZ xyz:COPPER | −0.058% | +0.0050% | 1h | $10.4M | $5.6M | 20x | as long as short |
| gTrade (Gains Network) HG/USD | −0.055% | L +0.0002% / S −0.0001% | 1h | $176K | — | 250x | as long as short |
| KuCoin COPPERUSDTM | −0.044% | +0.0264% | 4h | $258K | $25K | 50x | as long as short |
| Phoenix COPPER | −0.044% | +0.0059% | 1h | $43K | $28K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | −0.041% | +0.0050% | 1h | $63K | $14K | 15x | as long as short |
| SoDEX COPPER-USD | −0.037% | +0.0050% | 1h | $898 | $3K | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended XCU-USD | −0.036% | +0.0032% | 1h | $258K | $2.8M | 20x | as long as short |
| Paradex XCU-USD-PERP | −0.036% | +0.0050% | 8h | $1K | $3K | 5x | as long as short |
| Aster XCUUSDT | −0.029% | 0.0000% | 4h | $32K | $52K | 50x | as long as short |
| Kraken Futures PF_XCUUSD | −0.024% | +0.0189% | 1h | $26K | $128K | 20x | as long as short |
| QFEX COPPER-USDlong | 0.000% | +0.0011% | 1h | $1.5M | $51K | 20x | |
| MEXC COPPER_USDT | 0.000% | 0.0000% | 4h | $25.9M | $4.0M | 100x | as long as short |
| Phemex COPPERUSDTshort | 0.000% | 0.0000% | 4h | $4.2M | $73K | 100x | |
| Variational Omni COPPER | +0.006% | 0.0000% | 4h | $763K | $1.5M | — | as long as short |
| edgeX COPPERUSDC | +0.014% | −0.0008% | 4h | $93K | $316K | 20x | as long as short |
| Binance COPPERUSDT | +0.015% | 0.0000% | 4h | $9.0M | $33.7M | 100x | as long as short |
| Bitget COPPERUSDT | +0.015% | 0.0000% | 4h | $1.7M | $1.0M | 100x | as long as short |
| SunX COPPER-USDT | +0.015% | 0.0000% | 4h | — | $7.9M | 20x | as long as short |
| BloFin COPPER-USDT | +0.015% | +0.0026% | 4h | $89K | $132K | 100x | as long as short |
| Aevo COPPER-PERP | +0.018% | +0.0104% | 1h | $310 | — | 10x | as long as short |
| HTX COPPER-USDT | +0.059% | 0.0000% | 4h | $60K | $29K | 75x | as long as short |
| Lighter XCU | +0.093% | +0.0048% | 1h | $475K | $42K | 20x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.118% | +0.0100% | 8h | $3K | — | 10x | as long as short |