COPPER

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After costs, if the gap returns to its 7d average, $10k−$108

spread now−0.174%7d average−0.055%fees + slippage, in and out−$96spread needed0.960%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:COPPER	6.7778	−0.0019	get 0.0002% / 1h	6m 17s	$10.5M	$5.8M	20x
Short	Gate XCU_USDT	6.7660	0	get 0.0000% / 8h	5h 06m	$1.3M	$524K	100x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee tradeXYZbpFee GatebpOrdersClose when spread is

Slippage from tradeXYZ: live order book, 4 min ago; Gate: live order book, 2 min ago.

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, 4 min ago	0.74 bp	10.3 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	3.69 bp	34.1 bp −$34	287.2 bp −$2,872	doesn't fit	doesn't fit

against the cheapest. Click to use as the short leg.

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Gate XCU_USDTshort	−0.174%	0.0000%	8h	$1.3M	$524K	100x
OKX XCU-USDT-SWAP	−0.084%	0.0000%	8h	$542K	$1.1M	50x	as long as short
Vest HG-PERP	−0.004%	+0.0046%	1h	—	$82K	25x	as long as short
Kraken Futures PF_XCUUSD	−0.004%	+0.0596%	1h	$26K	$46K	20x	as long as short
SoDEX COPPER-USD	−0.001%	+0.0050%	1h	$898	$3K	20x	as long as short
tradeXYZ xyz:COPPERlong	0.000%	−0.0019%	1h	$10.5M	$5.8M	20x
gTrade (Gains Network) HG/USD	+0.002%	L +0.0002% / S −0.0001%	1h	$176K	—	250x	as long as short
BloFin COPPER-USDT	+0.003%	+0.0016%	4h	$89K	$140K	100x	as long as short
Extended XCU-USD	+0.007%	+0.0032%	1h	$239K	$2.9M	20x	as long as short
Phoenix COPPER	+0.016%	−0.0036%	1h	$43K	$28K	20x	as long as short

Show all 27 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
QFEX COPPER-USD	+0.018%	+0.0007%	1h	$1.5M	$89K	20x	as long as short
KuCoin COPPERUSDTM	+0.018%	+0.0100%	4h	$258K	$25K	50x	as long as short
Phemex COPPERUSDT	+0.018%	0.0000%	4h	$4.2M	$79K	100x	as long as short
Aster XCUUSDT	+0.025%	0.0000%	4h	$32K	$52K	50x	as long as short
Binance COPPERUSDT	+0.032%	0.0000%	4h	$9.0M	$34.5M	100x	as long as short
MEXC COPPER_USDT	+0.032%	0.0000%	4h	$25.5M	$4.1M	100x	as long as short
SunX COPPER-USDT	+0.032%	0.0000%	4h	—	$7.9M	20x	as long as short
Pacifica COPPER	+0.036%	+0.0100%	1h	$25K	$11K	10x	as long as short
Aevo COPPER-PERP	+0.040%	+0.0104%	1h	$310	—	10x	as long as short
Paradex XCU-USD-PERP	+0.041%	+0.0050%	8h	$1K	$3K	5x	as long as short
edgeX COPPERUSDC	+0.043%	−0.0006%	4h	$93K	$317K	20x	as long as short
Variational Omni COPPER	+0.044%	0.0000%	4h	$768K	$1.6M	—	as long as short
Ondo Perps COPPER-USD.P	+0.047%	+0.0050%	1h	$62K	$21K	15x	as long as short
Bitget COPPERUSDT	+0.047%	+0.0058%	4h	$1.7M	$1.0M	100x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.106%	+0.0100%	8h	$3K	—	10x	as long as short
Lighter XCU	+0.180%	+0.0032%	1h	$475K	$46K	20x	as long as short
HTX COPPER-USDT	+0.180%	0.0000%	4h	$60K	$28K	75x	as long as short