Spread before costs (cost unknown: a leg has no order-book sample)+0.040%
7d average—if it closes, per $10,000$4funding while held, a day+$3.33
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COPPER | 6.7785 | −0.0007 | get 0.0001% / 1h | 3m 25s | $10.5M | $5.8M | 20x |
| Short | Aevo COPPER-PERP | 6.7812 | 0.0104 | get 0.0013% / 1h | 3m 25s | $310 | — | 10x |
tradeXYZ xyz:COPPER
Aevo COPPER-PERPPrice 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
- $3.98
- Funding while held
- $3.33
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$26.7
- Spread needed to break even
- 0.340%
Slippage unknown: tradeXYZ: live order book, 7 min ago; Aevo: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0111%
- Per $10,000 a day
- +$3.33
- 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 tradeXYZ live order book, 7 min ago | 0.74 bp | 10.3 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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.Gate6.7670cheapestOKX6.7741+0.105%SoDEX6.7773+0.152%Vest6.7776+0.157%Ondo Perps6.7777+0.158%gTrade (Gains Network)6.7778+0.159%Extended6.7784+0.169%
Gate
OKX
SoDEX
Vest
Ondo Perps
gTrade (Gains Network)
ExtendedtradeXYZ6.7785+0.170%
Phoenix6.7789+0.176%KuCoin6.7790+0.177%BloFin6.7790+0.177%Kraken Futures6.7799+0.191%QFEX6.7800+0.192%Phemex6.7800+0.192%Aster6.7801+0.193%Pacifica6.7806+0.200%Paradex6.7806+0.201%Variational Omni6.7807+0.203%Binance6.7810+0.207%MEXC6.7810+0.207%Bitget6.7810+0.207%SunX6.7810+0.207%
Phoenix
KuCoin
BloFin
Kraken Futures
QFEX
Phemex
Aster
Pacifica
Paradex
Variational Omni
Binance
MEXC
Bitget
SunXAevo6.7812+0.210%
edgeX6.7816+0.215%Orderly6.7880+0.310%Lighter6.7896+0.334%HTX6.7900+0.340%
Orderly
Lighter
HTXCOPPER on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate XCU_USDT | −0.170% | 0.0000% | 8h | $1.3M | $524K | 100x | as long as short |
| OKX XCU-USDT-SWAP | −0.065% | 0.0000% | 8h | $542K | $1.1M | 50x | as long as short |
| SoDEX COPPER-USD | −0.018% | +0.0050% | 1h | $897 | $3K | 20x | as long as short |
| Vest HG-PERP | −0.013% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| Ondo Perps COPPER-USD.P | −0.012% | +0.0050% | 1h | $62K | $21K | 15x | as long as short |
| gTrade (Gains Network) HG/USD | −0.011% | L +0.0002% / S −0.0001% | 1h | $176K | — | 250x | as long as short |
| Extended XCU-USD | −0.001% | +0.0032% | 1h | $239K | $2.9M | 20x | as long as short |
| tradeXYZ xyz:COPPERlong | 0.000% | −0.0007% | 1h | $10.5M | $5.8M | 20x | |
| Phoenix COPPER | +0.006% | −0.0036% | 1h | $45K | $28K | 20x | as long as short |
| KuCoin COPPERUSDTM | +0.007% | +0.0100% | 4h | $258K | $25K | 50x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin COPPER-USDT | +0.007% | 0.0000% | 4h | $89K | $140K | 100x | as long as short |
| Kraken Futures PF_XCUUSD | +0.021% | +0.0596% | 1h | $26K | $60K | 20x | as long as short |
| QFEX COPPER-USD | +0.022% | +0.0007% | 1h | $1.5M | $89K | 20x | as long as short |
| Phemex COPPERUSDT | +0.022% | 0.0000% | 4h | $4.2M | $79K | 100x | as long as short |
| Aster XCUUSDT | +0.023% | 0.0000% | 4h | $32K | $52K | 50x | as long as short |
| Pacifica COPPER | +0.030% | +0.0100% | 1h | $25K | $11K | 10x | as long as short |
| Paradex XCU-USD-PERP | +0.031% | +0.0050% | 8h | $1K | $3K | 5x | as long as short |
| Variational Omni COPPER | +0.033% | 0.0000% | 4h | $768K | $1.6M | — | as long as short |
| Binance COPPERUSDT | +0.037% | 0.0000% | 4h | $9.0M | $34.5M | 100x | as long as short |
| MEXC COPPER_USDT | +0.037% | 0.0000% | 4h | $25.5M | $4.1M | 100x | as long as short |
| Bitget COPPERUSDT | +0.037% | +0.0060% | 4h | $1.7M | $1.0M | 100x | as long as short |
| SunX COPPER-USDT | +0.037% | 0.0000% | 4h | — | $7.9M | 20x | as long as short |
| Aevo COPPER-PERPshort | +0.040% | +0.0104% | 1h | $310 | — | 10x | |
| edgeX COPPERUSDC | +0.045% | −0.0006% | 4h | $93K | $318K | 20x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.140% | +0.0100% | 8h | $3K | — | 10x | as long as short |
| Lighter XCU | +0.164% | +0.0032% | 1h | $475K | $46K | 20x | as long as short |
| HTX COPPER-USDT | +0.170% | 0.0000% | 4h | $60K | $28K | 75x | as long as short |