Spread before costs (cost unknown: a leg has no order-book sample)+0.012%
7d average—if it closes, per $10,000$1funding while held, a day+$7.18
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COPPER | 6.7593 | −0.0189 | get 0.0024% / 1h | 3m 45s | $10.5M | $5.7M | 20x |
| Short | SoDEX COPPER-USD | 6.7601 | 0.0050 | get 0.0006% / 1h | 3m 45s | $895 | $3K | 20x |
tradeXYZ xyz:COPPER
SoDEX 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
- $1.18
- Funding while held
- $7.18
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$17.63
- Spread needed to break even
- 0.260%
Slippage unknown: tradeXYZ: live order book, 6 min ago; SoDEX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0239%
- Per $10,000 a day
- +$7.18
- 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 SoDEX no order-book sample | — | — | — | — | — |
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.Gate6.7510cheapest
GatetradeXYZ6.7593+0.123%
OKX6.7601+0.135%
OKXSoDEX6.7601+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%gTrade (Gains Network)6.7642+0.196%Extended6.7644+0.199%Binance6.7650+0.207%MEXC6.7650+0.207%KuCoin6.7650+0.207%SunX6.7650+0.207%Aster6.7654+0.214%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%Lighter6.7756+0.364%Phemex6.7770+0.385%
Bitget
Kraken Futures
Ondo Perps
Pacifica
Phoenix
Vest
gTrade (Gains Network)
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 | −0.123% | 0.0000% | 8h | $1.3M | $525K | 100x | as long as short |
| tradeXYZ xyz:COPPERlong | 0.000% | −0.0189% | 1h | $10.5M | $5.7M | 20x | |
| OKX XCU-USDT-SWAP | +0.012% | 0.0000% | 8h | $539K | $1.1M | 50x | as long as short |
| SoDEX COPPER-USDshort | +0.012% | +0.0050% | 1h | $895 | $3K | 20x | |
| Bitget COPPERUSDT | +0.055% | +0.0088% | 4h | $1.6M | $1.0M | 100x | as long as short |
| Kraken Futures PF_XCUUSD | +0.060% | +0.0390% | 1h | $26K | $55K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.065% | +0.0050% | 1h | $62K | $21K | 15x | as long as short |
| Pacifica COPPER | +0.065% | +0.0100% | 1h | $25K | $12K | 10x | as long as short |
| Phoenix COPPER | +0.067% | +0.0106% | 1h | $43K | $28K | 20x | as long as short |
| Vest HG-PERP | +0.071% | +0.0046% | 1h | — | $82K | 25x | as long as short |