Spread before costs (cost unknown: a leg has no order-book sample)+0.112%
7d average−0.062%if it closes, per $10,000$11funding while held, a day+$17.41
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COPPER | 6.7569 | −0.0191 | get 0.0024% / 1h | 2m 22s | $10.5M | $5.7M | 20x |
| Short | Kraken Futures PF_XCUUSD | 6.7645 | 0.0390 | get 0.0049% / 1h | 2m 22s | $26K | $54K | 20x |
tradeXYZ xyz:COPPER
Kraken Futures PF_XCUUSDPrice 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
- $11.24
- Funding while held
- $17.41
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $0.65
- Spread needed to break even
- 0.280%
Slippage unknown: tradeXYZ: live order book, 8 min ago; Kraken Futures: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0580%
- Per $10,000 a day
- +$17.41
- 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, 8 min ago | 0.67 bp | 10.8 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: 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.Gate6.7510cheapest
GatetradeXYZ6.7569+0.087%
OKX6.7600+0.133%SoDEX6.7601+0.135%Ondo Perps6.7616+0.157%gTrade (Gains Network)6.7620+0.163%Pacifica6.7620+0.164%Vest6.7621+0.164%Phoenix6.7622+0.166%Extended6.7626+0.172%MEXC6.7630+0.178%KuCoin6.7630+0.178%Bitget6.7630+0.178%Binance6.7630+0.178%Aster6.7636+0.186%QFEX6.7640+0.193%BloFin6.7640+0.193%
OKX
SoDEX
Ondo Perps
gTrade (Gains Network)
Pacifica
Vest
Phoenix
Extended
MEXC
KuCoin
Bitget
Binance
Aster
QFEX
BloFinKraken Futures6.7645+0.200%
Paradex6.7646+0.201%SunX6.7650+0.207%Aevo6.7655+0.214%edgeX6.7666+0.232%Variational Omni6.7681+0.253%HTX6.7690+0.267%Orderly6.7710+0.296%Lighter6.7732+0.329%Phemex6.7770+0.385%
Paradex
SunX
Aevo
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 | −0.087% | 0.0000% | 8h | $1.3M | $525K | 100x | as long as short |
| tradeXYZ xyz:COPPERlong | 0.000% | −0.0191% | 1h | $10.5M | $5.7M | 20x | |
| OKX XCU-USDT-SWAP | +0.046% | 0.0000% | 8h | $539K | $1.1M | 50x | as long as short |
| SoDEX COPPER-USD | +0.047% | +0.0050% | 1h | $895 | $3K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.070% | +0.0050% | 1h | $62K | $21K | 15x | as long as short |
| gTrade (Gains Network) HG/USD | +0.076% | L +0.0002% / S −0.0001% | 1h | $175K | — | 250x | as long as short |
| Pacifica COPPER | +0.076% | +0.0100% | 1h | $25K | $12K | 10x | as long as short |
| Vest HG-PERP | +0.077% | +0.0046% | 1h | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.078% | +0.0106% | 1h | $43K | $28K | 20x | as long as short |
| Extended XCU-USD | +0.085% | +0.0032% | 1h | $257K | $2.7M | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 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 |
| Bitget COPPERUSDT | +0.090% | +0.0086% | 4h | $1.6M | $1.0M | 100x | as long as short |
| Binance COPPERUSDT | +0.091% | 0.0000% | 4h | $9.0M | $34.2M | 100x | as long as short |
| Aster XCUUSDT | +0.099% | 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 |
| BloFin COPPER-USDT | +0.105% | −0.0030% | 4h | $89K | $139K | 100x | as long as short |
| Kraken Futures PF_XCUUSDshort | +0.112% | +0.0390% | 1h | $26K | $54K | 20x | |
| Paradex XCU-USD-PERP | +0.114% | +0.0050% | 8h | $1K | $3K | 5x | as long as short |
| SunX COPPER-USDT | +0.120% | 0.0000% | 4h | — | $7.9M | 20x | as long as short |
| Aevo COPPER-PERP | +0.127% | +0.0104% | 1h | $309 | — | 10x | as long as short |
| edgeX COPPERUSDC | +0.144% | −0.0003% | 4h | $92K | $317K | 20x | as long as short |
| Variational Omni COPPER | +0.165% | 0.0000% | 4h | $748K | $1.5M | — | as long as short |
| HTX COPPER-USDT | +0.179% | 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 | +0.241% | +0.0048% | 1h | $473K | $44K | 20x | as long as short |
| Phemex COPPERUSDT | +0.297% | 0.0000% | 4h | $4.2M | $77K | 100x | as long as short |