Spread before costs (cost unknown: a leg has no order-book sample)+0.210%
7d average—if it closes, per $10,000$21funding while held, a day+$0.90
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX COPPER-USD | 6.7577 | 0.0050 | pay 0.0006% / 1h | 27m 59s | $895 | $3K | 20x |
| Short | Lighter XCU | 6.7719 | 0.0080 | get 0.0010% / 1h | 27m 59s | $473K | $44K | 20x |
SoDEX COPPER-USD
Lighter XCUPrice 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
- $21.01
- Funding while held
- $0.9
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $13.91
- Spread needed to break even
- 0.080%
Slippage unknown: SoDEX: no order-book sample; Lighter: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0030%
- Per $10,000 a day
- +$0.90
- 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 4 min ago | 1.18 bp | 10.3 bp −$10 | 12.8 bp −$128 | doesn't fit | doesn't fit |
SoDEX: 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.Gate6.7520cheapesttradeXYZ6.7570+0.074%
Gate
tradeXYZSoDEX6.7577+0.084%
OKX6.7606+0.127%gTrade (Gains Network)6.7610+0.133%Vest6.7614+0.139%Extended6.7614+0.139%MEXC6.7620+0.148%KuCoin6.7620+0.148%Bitget6.7620+0.148%Binance6.7630+0.163%SunX6.7630+0.163%Aster6.7634+0.168%Phoenix6.7635+0.170%edgeX6.7635+0.171%Aevo6.7636+0.171%Variational Omni6.7639+0.176%Pacifica6.7644+0.184%Kraken Futures6.7647+0.188%QFEX6.7650+0.193%Paradex6.7660+0.208%Ondo Perps6.7662+0.210%BloFin6.7670+0.222%HTX6.7680+0.237%Orderly6.7690+0.252%
OKX
gTrade (Gains Network)
Vest
Extended
MEXC
KuCoin
Bitget
Binance
SunX
Aster
Phoenix
Aevo
Variational Omni
Pacifica
Kraken Futures
QFEX
Paradex
Ondo Perps
BloFin
HTX
OrderlyLighter6.7719+0.295%
Phemex6.7750+0.341%
PhemexCOPPER on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate XCU_USDT | −0.084% | 0.0000% | 8h | $1.3M | $519K | 100x | as long as short |
| tradeXYZ xyz:COPPER | −0.010% | −0.0183% | 1h | $10.5M | $5.7M | 20x | as long as short |
| SoDEX COPPER-USDlong | 0.000% | +0.0050% | 1h | $895 | $3K | 20x | |
| OKX XCU-USDT-SWAP | +0.043% | 0.0000% | 8h | $539K | $1.1M | 50x | as long as short |
| gTrade (Gains Network) HG/USD | +0.048% | L +0.0002% / S −0.0001% | 1h | $175K | — | 250x | as long as short |
| Vest HG-PERP | +0.055% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| Extended XCU-USD | +0.055% | +0.0032% | 1h | $258K | $2.7M | 20x | as long as short |
| MEXC COPPER_USDT | +0.064% | 0.0000% | 4h | $25.3M | $4.1M | 100x | as long as short |
| KuCoin COPPERUSDTM | +0.064% | +0.0100% | 4h | $257K | $25K | 50x | as long as short |
| Bitget COPPERUSDT | +0.064% | +0.0092% | 4h | $1.6M | $1.0M | 100x | as long as short |