After costs, if the gap returns to its 7d average, $10k−$43
spread now−0.059%7d average+0.018%fees + slippage, in and out−$36spread needed0.357%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COPPER-USD | 6.7830 | 0.0019 | pay 0.0002% / 1h | 19m 44s | $1.5M | $48K | 20x |
| Short | tradeXYZ xyz:COPPER | 6.7790 | 0.0050 | get 0.0006% / 1h | 19m 44s | $10.5M | $5.5M | 20x |
QFEX COPPER-USD
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
- −$5.9
- Funding while held
- $0.92
- Slippage, 4 orders
- −$7.72
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$40.7
- Spread needed to break even
- 0.357%
Slippage from QFEX: live order book, 4 min ago; tradeXYZ: live order book, 10 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0031%
- Per $10,000 a day
- +$0.92
- 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 | 9.9 bp −$99 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 10 min ago | 0.59 bp | 11.2 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
COPPER price on every exchange
against the cheapest. Click to use as the short leg.Gate6.7730cheapest
GatetradeXYZ6.7790+0.089%
gTrade (Gains Network)6.7790+0.089%SoDEX6.7795+0.096%OKX6.7797+0.099%Ondo Perps6.7800+0.103%Vest6.7800+0.103%Aevo6.7820+0.132%Paradex6.7821+0.134%Extended6.7822+0.135%Kraken Futures6.7827+0.144%Variational Omni6.7830+0.147%
gTrade (Gains Network)
SoDEX
OKX
Ondo Perps
Vest
Aevo
Paradex
Extended
Kraken Futures
Variational OmniQFEX6.7830+0.148%
SunX6.7830+0.148%Pacifica6.7832+0.151%MEXC6.7840+0.162%Bitget6.7840+0.162%Phoenix6.7845+0.170%Binance6.7850+0.177%Aster6.7862+0.196%HTX6.7870+0.207%Orderly6.7890+0.236%edgeX6.7918+0.278%Lighter6.7931+0.297%BloFin6.7950+0.325%KuCoin6.8010+0.413%Phemex6.8040+0.458%
SunX
Pacifica
MEXC
Bitget
Phoenix
Binance
Aster
HTX
Orderly
Lighter
BloFin
KuCoin
PhemexCOPPER on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate XCU_USDT | −0.147% | 0.0000% | 8h | $1.3M | $509K | 100x | as long as short |
| tradeXYZ xyz:COPPERshort | −0.059% | +0.0050% | 1h | $10.5M | $5.5M | 20x | |
| gTrade (Gains Network) HG/USD | −0.059% | L +0.0002% / S −0.0001% | 1h | $305K | — | 250x | as long as short |
| SoDEX COPPER-USD | −0.052% | +0.0050% | 1h | $898 | $3K | 20x | as long as short |
| OKX XCU-USDT-SWAP | −0.049% | 0.0000% | 8h | $533K | $990K | 50x | as long as short |
| Ondo Perps COPPER-USD.P | −0.044% | +0.0050% | 1h | $62K | $14K | 15x | as long as short |
| Vest HG-PERP | −0.044% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| Aevo COPPER-PERP | −0.015% | +0.0104% | 1h | $310 | — | 10x | as long as short |
| Paradex XCU-USD-PERP | −0.014% | +0.0052% | 8h | $1K | $3K | 5x | as long as short |
| Extended XCU-USD | −0.013% | +0.0032% | 1h | $334K | $2.3M | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCUUSD | −0.004% | +0.1450% | 1h | $26K | $206K | 20x | as long as short |
| Variational Omni COPPER | 0.000% | 0.0000% | 4h | $805K | $1.4M | — | as long as short |
| QFEX COPPER-USDlong | 0.000% | +0.0019% | 1h | $1.5M | $48K | 20x | |
| SunX COPPER-USDT | 0.000% | 0.0000% | 4h | — | $7.3M | 20x | as long as short |
| Pacifica COPPER | +0.003% | +0.0100% | 1h | $25K | $9K | 10x | as long as short |
| MEXC COPPER_USDT | +0.015% | 0.0000% | 4h | $26.1M | $3.9M | 100x | as long as short |
| Bitget COPPERUSDT | +0.015% | 0.0000% | 4h | $1.7M | $977K | 100x | as long as short |
| Phoenix COPPER | +0.022% | +0.0153% | 1h | $43K | $28K | 20x | as long as short |
| Binance COPPERUSDT | +0.029% | 0.0000% | 4h | $9.2M | $32.2M | 100x | as long as short |
| Aster XCUUSDT | +0.048% | 0.0000% | 4h | $33K | $51K | 50x | as long as short |
| HTX COPPER-USDT | +0.059% | 0.0000% | 4h | $60K | $29K | 75x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.088% | +0.0100% | 8h | $3K | — | 10x | as long as short |
| edgeX COPPERUSDC | +0.130% | −0.0017% | 4h | $93K | $316K | 20x | as long as short |
| Lighter XCU | +0.149% | +0.0096% | 1h | $475K | $39K | 20x | as long as short |
| BloFin COPPER-USDT | +0.177% | +0.0011% | 4h | $89K | $126K | 100x | as long as short |
| KuCoin COPPERUSDTM | +0.265% | +0.0562% | 4h | $259K | $8K | 50x | as long as short |
| Phemex COPPERUSDT | +0.310% | 0.0000% | 4h | $4.2M | $67K | 100x | as long as short |