Spread before costs (cost unknown: a leg has no order-book sample)+0.198%
7d average—if it closes, per $10,000$20funding while held, a day+$43.89
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack EDGE_USDC_PERP | 0.5895 | −0.0781 | get 0.0098% / 1h | 59m 11s | $61K | $111K | 3.3x |
| Short | Orderly PERP_EDGE_USDC | 0.5907 | 0.0682 | get 0.0341% / 4h | 1h 59m | $3K | — | 10x |
Backpack EDGE_USDC_PERP
Orderly PERP_EDGE_USDCPrice 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
- $19.85
- Funding while held
- $43.89
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $47.73
- Spread needed to break even
- 0.160%
Slippage unknown: Backpack: live order book, 56 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1463%
- Per $10,000 a day
- +$43.89
- 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, 56 min ago | 4.91 bp | 21.2 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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.
EDGE price on every exchange
against the cheapest. Click to use as the short leg.SunX0.5865cheapestLighter0.5889+0.411%Variational Omni0.5890+0.419%edgeX0.5895+0.508%
SunX
Lighter
Variational OmniBackpack0.5895+0.517%
Bitget0.5899+0.580%Bybit0.5900+0.597%KuCoin0.5901+0.614%ApeX Omni0.5902+0.631%Aster0.5905+0.687%MEXC0.5907+0.716%
Bitget
Bybit
KuCoin
ApeX Omni
Aster
MEXCOrderly0.5907+0.716%
Extended0.5908+0.734%Binance0.5910+0.771%OKX0.5912+0.801%BloFin0.5917+0.887%
Extended
Binance
OKX
BloFinEDGE on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX EDGE-USDT | −0.514% | +0.0100% | 4h | $3K | $573K | 10x | as long as short |
| Lighter EDGE | −0.105% | +0.0096% | 1h | $55K | $9K | 3x | as long as short |
| Variational Omni EDGE | −0.097% | +0.0100% | 4h | $175K | $108K | — | as long as short |
| edgeX EDGEUSDC | −0.009% | +0.0277% | 4h | $14.1M | $3.4M | 30x | as long as short |
| Backpack EDGE_USDC_PERPlong | 0.000% | −0.0781% | 1h | $61K | $111K | 3.3x | |
| Bitget EDGEUSDT | +0.063% | +0.0100% | 4h | $4.7M | $938K | 20x | as long as short |
| Bybit EDGEUSDT | +0.080% | +0.0100% | 4h | $6.9M | $3.1M | 25x | as long as short |
| KuCoin EDGEUSDTM | +0.097% | +0.0100% | 4h | $2.1M | $2.2M | 50x | as long as short |
| ApeX Omni EDGEUSDT | +0.114% | +0.0100% | 1h | $1K | $290K | 50x | as long as short |
| Aster EDGEUSDT | +0.169% | +0.0531% | 4h | $67K | $136K | 5x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC EDGE_USDT | +0.198% | +0.0460% | 4h | $1.2M | $919K | 50x | as long as short |
| Orderly PERP_EDGE_USDCshort | +0.198% | +0.0682% | 4h | $3K | — | 10x | |
| Extended EDGE-USD | +0.216% | +0.0456% | 1h | $27K | $230K | 5x | as long as short |
| Binance EDGEUSDT | +0.253% | +0.0460% | 4h | $10.0M | $9.6M | 50x | as long as short |
| OKX EDGE-USDT-SWAP | +0.283% | +0.0256% | 4h | $3.6M | $5.6M | 20x | as long as short |
| BloFin EDGE-USDT | +0.368% | +0.0485% | 4h | $655K | $123K | 50x | as long as short |