After costs, if the gap returns to its 7d average, $10k−$145
spread now+0.081%7d average+0.166%fees + slippage, in and out−$136spread needed1.362%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack EDGE_USDC_PERP | 0.5891 | −0.0774 | get 0.0097% / 1h | 0m 58s | $60K | $111K | 3.3x |
| Short | Binance EDGEUSDT | 0.5896 | 0.0470 | get 0.0235% / 4h | 2h 00m | $10.0M | $9.6M | 50x |
Backpack EDGE_USDC_PERP
Binance EDGEUSDTPrice 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
- $8.15
- Funding while held
- $37.33
- Slippage, 4 orders
- −$116.17
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$90.7
- Spread needed to break even
- 1.362%
Slippage from Backpack: live order book, 54 min ago; Binance: live order book, 10 min ago.
Cost of waiting
funding view- Funding /8h
- +0.1244%
- Per $10,000 a day
- +$37.33
- 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 Backpack live order book, 54 min ago | 4.91 bp | 21.2 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 1.69 bp | 35.4 bp −$35 | 177.5 bp −$1,775 | doesn't fit | doesn't fit |
EDGE price on every exchange
against the cheapest. Click to use as the short leg.SunX0.5863cheapestLighter0.5877+0.239%Bybit0.5890+0.461%BloFin0.5890+0.461%Aster0.5890+0.468%
SunX
Lighter
Bybit
BloFin
AsterBackpack0.5891+0.481%
OKX0.5894+0.529%Bitget0.5894+0.529%edgeX0.5895+0.542%
OKX
BitgetBinance0.5896+0.563%
Orderly0.5896+0.563%Extended0.5897+0.572%ApeX Omni0.5897+0.580%KuCoin0.5898+0.597%MEXC0.5899+0.614%Variational Omni0.5920+0.964%
Orderly
Extended
ApeX Omni
KuCoin
MEXC
Variational OmniEDGE on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX EDGE-USDT | −0.479% | +0.0100% | 4h | $3K | $573K | 10x | as long as short |
| Lighter EDGE | −0.241% | +0.0096% | 1h | $55K | $9K | 3x | as long as short |
| Bybit EDGEUSDT | −0.020% | +0.0100% | 4h | $6.9M | $3.1M | 25x | as long as short |
| BloFin EDGE-USDT | −0.020% | +0.0418% | 4h | $653K | $123K | 50x | as long as short |
| Aster EDGEUSDT | −0.013% | +0.0540% | 4h | $71K | $136K | 5x | as long as short |
| Backpack EDGE_USDC_PERPlong | 0.000% | −0.0774% | 1h | $60K | $111K | 3.3x | |
| OKX EDGE-USDT-SWAP | +0.048% | +0.0259% | 4h | $3.6M | $5.6M | 20x | as long as short |
| Bitget EDGEUSDT | +0.048% | +0.0100% | 4h | $4.7M | $938K | 20x | as long as short |
| edgeX EDGEUSDC | +0.061% | +0.0277% | 4h | $14.1M | $3.4M | 30x | as long as short |
| Binance EDGEUSDTshort | +0.081% | +0.0470% | 4h | $10.0M | $9.6M | 50x |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_EDGE_USDC | +0.081% | +0.0683% | 4h | $3K | — | 10x | as long as short |
| Extended EDGE-USD | +0.091% | +0.0472% | 1h | $27K | $230K | 5x | as long as short |
| ApeX Omni EDGEUSDT | +0.098% | +0.0100% | 1h | $1K | $290K | 50x | as long as short |
| KuCoin EDGEUSDTM | +0.115% | +0.0100% | 4h | $2.1M | $2.2M | 50x | as long as short |
| MEXC EDGE_USDT | +0.132% | +0.0470% | 4h | $1.2M | $921K | 50x | as long as short |
| Variational Omni EDGE | +0.480% | +0.0100% | 4h | $176K | $108K | — | as long as short |