After costs, if the gap returns to its 7d average, $10k−$461
spread now+0.079%7d average+0.045%fees + slippage, in and out−$465spread needed4.648%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COPPER | 6.7589 | −0.0188 | get 0.0024% / 1h | 4m 10s | $10.5M | $5.7M | 20x |
| Short | gTrade (Gains Network) HG/USD | 6.7642 | L +0.0002% / S −0.0001% | get 0.0000% / 1h | 4m 10s | $176K | — | 250x |
tradeXYZ xyz:COPPER
gTrade (Gains Network) HG/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
- $7.87
- Funding while held
- $5.69
- Slippage, 4 orders
- −$436.78
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$451.22
- Spread needed to break even
- 4.648%
Slippage from tradeXYZ: live order book, 6 min ago; gTrade (Gains Network): virtual book (oracle venue), 11 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0190%
- Per $10,000 a day
- +$5.69
- 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, 6 min ago | 0.67 bp | 10.8 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 11 min ago | 130.00 bp | 213.6 bp −$214 | 1617.5 bp −$16.2K | doesn't fit | doesn't fit |
COPPER price on every exchange
against the cheapest. Click to use as the short leg.Gate6.7510cheapest
GatetradeXYZ6.7589+0.117%
OKX6.7601+0.135%SoDEX6.7601+0.135%Bitget6.7630+0.178%Kraken Futures6.7633+0.183%Ondo Perps6.7637+0.188%Pacifica6.7637+0.188%Phoenix6.7638+0.190%Vest6.7641+0.194%
OKX
SoDEX
Bitget
Kraken Futures
Ondo Perps
Pacifica
Phoenix
VestgTrade (Gains Network)6.7642+0.196%
Extended6.7646+0.201%Binance6.7650+0.207%MEXC6.7650+0.207%KuCoin6.7650+0.207%SunX6.7650+0.207%Aster6.7655+0.215%QFEX6.7660+0.222%Paradex6.7660+0.223%Aevo6.7664+0.228%edgeX6.7666+0.232%BloFin6.7670+0.237%Variational Omni6.7681+0.253%HTX6.7690+0.267%Orderly6.7730+0.326%Lighter6.7753+0.360%Phemex6.7770+0.385%
Extended
Binance
MEXC
KuCoin
SunX
Aster
QFEX
Paradex
Aevo
BloFin
Variational Omni
HTX
Orderly
Lighter
PhemexCOPPER on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate XCU_USDT | −0.117% | 0.0000% | 8h | $1.3M | $525K | 100x | as long as short |
| tradeXYZ xyz:COPPERlong | 0.000% | −0.0188% | 1h | $10.5M | $5.7M | 20x | |
| OKX XCU-USDT-SWAP | +0.018% | 0.0000% | 8h | $539K | $1.1M | 50x | as long as short |
| SoDEX COPPER-USD | +0.018% | +0.0050% | 1h | $895 | $3K | 20x | as long as short |
| Bitget COPPERUSDT | +0.061% | +0.0088% | 4h | $1.6M | $1.0M | 100x | as long as short |
| Kraken Futures PF_XCUUSD | +0.066% | +0.0390% | 1h | $26K | $55K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.071% | +0.0050% | 1h | $62K | $21K | 15x | as long as short |
| Pacifica COPPER | +0.071% | +0.0100% | 1h | $25K | $12K | 10x | as long as short |
| Phoenix COPPER | +0.072% | +0.0106% | 1h | $43K | $28K | 20x | as long as short |
| Vest HG-PERP | +0.077% | +0.0046% | 1h | — | $82K | 25x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HG/USDshort | +0.079% | L +0.0002% / S −0.0001% | 1h | $176K | — | 250x | |
| Extended XCU-USD | +0.084% | +0.0032% | 1h | $257K | $2.7M | 20x | as long as short |
| Binance COPPERUSDT | +0.090% | 0.0000% | 4h | $9.0M | $34.3M | 100x | as long as short |
| MEXC COPPER_USDT | +0.090% | 0.0000% | 4h | $25.5M | $4.1M | 100x | as long as short |
| KuCoin COPPERUSDTM | +0.090% | +0.0100% | 4h | $257K | $25K | 50x | as long as short |
| SunX COPPER-USDT | +0.090% | 0.0000% | 4h | — | $7.9M | 20x | as long as short |
| Aster XCUUSDT | +0.098% | 0.0000% | 4h | $32K | $52K | 50x | as long as short |
| QFEX COPPER-USD | +0.105% | +0.0043% | 1h | $1.5M | $94K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.106% | +0.0051% | 8h | $1K | $3K | 5x | as long as short |
| Aevo COPPER-PERP | +0.111% | +0.0104% | 1h | $309 | — | 10x | as long as short |
| edgeX COPPERUSDC | +0.115% | −0.0003% | 4h | $92K | $317K | 20x | as long as short |
| BloFin COPPER-USDT | +0.120% | +0.0049% | 4h | $89K | $139K | 100x | as long as short |
| Variational Omni COPPER | +0.136% | 0.0000% | 4h | $748K | $1.5M | — | as long as short |
| HTX COPPER-USDT | +0.149% | 0.0000% | 4h | $60K | $28K | 75x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.209% | +0.0100% | 8h | $3K | — | 10x | as long as short |
| Lighter XCU | +0.243% | +0.0056% | 1h | $473K | $44K | 20x | as long as short |
| Phemex COPPERUSDT | +0.268% | 0.0000% | 4h | $4.2M | $77K | 100x | as long as short |