Spread before costs (cost unknown: a leg has no order-book sample)+0.052%
7d average—if it closes, per $10,000$5funding while held, a day−$1.17
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX COPPER-USD | 6.7775 | 0.0050 | pay 0.0006% / 1h | 36m 53s | $897 | $3K | 20x |
| Short | QFEX COPPER-USD | 6.7810 | 0.0011 | get 0.0001% / 1h | 36m 53s | $1.5M | $51K | 20x |
SoDEX COPPER-USD
QFEX COPPER-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
- $5.16
- Funding while held
- −$1.17
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$14
- Spread needed to break even
- 0.180%
Slippage unknown: SoDEX: no order-book sample; QFEX: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0039%
- Per $10,000 a day
- −$1.17
- 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 QFEX live order book, 1 min ago | 1.47 bp | 6.5 bp −$6 | 9.3 bp −$93 | 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.Gate6.7700cheapestOKX6.7755+0.081%Vest6.7766+0.097%gTrade (Gains Network)6.7770+0.104%tradeXYZ6.7775+0.111%
Gate
OKX
Vest
gTrade (Gains Network)
tradeXYZSoDEX6.7775+0.111%
Pacifica6.7776+0.113%Kraken Futures6.7778+0.115%Ondo Perps6.7782+0.121%Extended6.7786+0.127%Phoenix6.7788+0.130%Aster6.7790+0.133%Paradex6.7798+0.145%KuCoin6.7800+0.148%Phemex6.7800+0.148%
Pacifica
Kraken Futures
Ondo Perps
Extended
Phoenix
Aster
Paradex
KuCoin
PhemexQFEX6.7810+0.162%
SunX6.7810+0.162%Variational Omni6.7814+0.168%Aevo6.7814+0.169%edgeX6.7815+0.170%Binance6.7820+0.177%MEXC6.7820+0.177%Bitget6.7820+0.177%BloFin6.7830+0.192%HTX6.7840+0.207%Lighter6.7884+0.272%Orderly6.7900+0.295%
SunX
Variational Omni
Aevo
Binance
MEXC
Bitget
BloFin
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 | −0.111% | 0.0000% | 8h | $1.3M | $517K | 100x | as long as short |
| OKX XCU-USDT-SWAP | −0.030% | 0.0000% | 8h | $541K | $1.1M | 50x | as long as short |
| Vest HG-PERP | −0.013% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| gTrade (Gains Network) HG/USD | −0.007% | L +0.0002% / S −0.0001% | 1h | $176K | — | 250x | as long as short |
| tradeXYZ xyz:COPPER | 0.000% | +0.0050% | 1h | $10.4M | $5.6M | 20x | as long as short |
| SoDEX COPPER-USDlong | 0.000% | +0.0050% | 1h | $897 | $3K | 20x | |
| Pacifica COPPER | +0.002% | +0.0100% | 1h | $25K | $12K | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.005% | +0.0189% | 1h | $26K | $124K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.010% | +0.0050% | 1h | $63K | $14K | 15x | as long as short |
| Extended XCU-USD | +0.017% | +0.0032% | 1h | $258K | $2.8M | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix COPPER | +0.019% | +0.0059% | 1h | $43K | $28K | 20x | as long as short |
| Aster XCUUSDT | +0.022% | 0.0000% | 4h | $32K | $52K | 50x | as long as short |
| Paradex XCU-USD-PERP | +0.034% | +0.0050% | 8h | $1K | $3K | 5x | as long as short |
| KuCoin COPPERUSDTM | +0.037% | +0.0248% | 4h | $258K | $25K | 50x | as long as short |
| Phemex COPPERUSDT | +0.037% | 0.0000% | 4h | $4.2M | $73K | 100x | as long as short |
| QFEX COPPER-USDshort | +0.052% | +0.0011% | 1h | $1.5M | $51K | 20x | |
| SunX COPPER-USDT | +0.052% | 0.0000% | 4h | — | $7.9M | 20x | as long as short |
| Variational Omni COPPER | +0.058% | 0.0000% | 4h | $763K | $1.5M | — | as long as short |
| Aevo COPPER-PERP | +0.058% | +0.0104% | 1h | $310 | — | 10x | as long as short |
| edgeX COPPERUSDC | +0.059% | −0.0011% | 4h | $93K | $317K | 20x | as long as short |
| Binance COPPERUSDT | +0.066% | 0.0000% | 4h | $9.0M | $33.7M | 100x | as long as short |
| MEXC COPPER_USDT | +0.066% | 0.0000% | 4h | $25.9M | $4.0M | 100x | as long as short |
| Bitget COPPERUSDT | +0.066% | 0.0000% | 4h | $1.7M | $1.0M | 100x | as long as short |
| BloFin COPPER-USDT | +0.081% | +0.0058% | 4h | $89K | $132K | 100x | as long as short |
| HTX COPPER-USDT | +0.096% | 0.0000% | 4h | $60K | $29K | 75x | as long as short |
| Lighter XCU | +0.161% | +0.0056% | 1h | $475K | $42K | 20x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.184% | +0.0100% | 8h | $3K | — | 10x | as long as short |