After costs, if the gap returns to its 7d average, $10k−$100
spread now+0.478%7d average+0.168%fees + slippage, in and out−$131spread needed1.311%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack EDGE_USDC_PERP | 0.5931 | −0.0089 | get 0.0011% / 1h | 31m 01s | $60K | $103K | 3.3x |
| Short | edgeX EDGEUSDC | 0.5960 | 0.0366 | get 0.0183% / 4h | 3h 31m | $14.2M | $3.4M | 30x |
Price 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
- $47.79
- Funding while held
- $13.63
- Slippage, 4 orders
- −$112.05
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$69.63
- Spread needed to break even
- 1.311%
Slippage from Backpack: live order book, 29 min ago; edgeX: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0454%
- Per $10,000 a day
- +$13.63
- 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, 29 min ago | 3.57 bp | 28.9 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 4 min ago | 4.22 bp | 12.9 bp −$13 | 134.2 bp −$1,342 | doesn't fit | doesn't fit |
EDGE price on every exchange
against the cheapest. Click to use as the short leg.EDGE on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX EDGE-USDT | −0.664% | +0.0100% | 4h | $3K | $554K | 10x | as long as short |
| Lighter EDGE | −0.170% | +0.0096% | 1h | $55K | $9K | 3x | as long as short |
| Bybit EDGEUSDT | −0.057% | +0.0100% | 4h | $7.0M | $3.1M | 25x | as long as short |
| KuCoin EDGEUSDTM | −0.007% | +0.0100% | 4h | $2.1M | $2.2M | 50x | as long as short |
| Backpack EDGE_USDC_PERPlong | 0.000% | −0.0089% | 1h | $60K | $103K | 3.3x | |
| OKX EDGE-USDT-SWAP | +0.044% | +0.0337% | 4h | $3.6M | $5.4M | 20x | as long as short |
| Binance EDGEUSDT | +0.061% | +0.0662% | 4h | $10.1M | $9.3M | 50x | as long as short |
| Bitget EDGEUSDT | +0.061% | +0.0100% | 4h | $4.7M | $882K | 20x | as long as short |
| ApeX Omni EDGEUSDT | +0.061% | +0.0100% | 1h | $1K | $295K | 50x | as long as short |
| Orderly PERP_EDGE_USDC | +0.061% | +0.0765% | 4h | $3K | $11 | 10x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin EDGE-USDT | +0.061% | +0.0712% | 4h | $651K | $123K | 50x | as long as short |
| Aster EDGEUSDT | +0.071% | +0.0701% | 4h | $77K | $128K | 5x | as long as short |
| MEXC EDGE_USDT | +0.094% | +0.0672% | 4h | $1.4M | $889K | 50x | as long as short |
| Extended EDGE-USD | +0.106% | +0.0664% | 1h | $27K | $230K | 5x | as long as short |
| Variational Omni EDGE | +0.386% | +0.0100% | 4h | $199K | $85K | — | as long as short |
| edgeX EDGEUSDCshort | +0.478% | +0.0366% | 4h | $14.2M | $3.4M | 30x |
Backpack EDGE_USDC_PERP
SunX
Lighter
Bybit
KuCoin
OKX
Binance
Bitget
ApeX Omni
BloFin
Aster
MEXC
Extended
Variational Omni