Spread before costs (cost unknown: a leg has no order-book sample)−0.318%
7d average—if it closes, per $10,000$32funding while held, a day−$15.46
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance EDGEUSDT | 0.5917 | 0.0611 | pay 0.0306% / 4h | 3h 20m | $10.1M | $9.3M | 50x |
| Short | Lighter EDGE | 0.5898 | 0.0096 | get 0.0012% / 1h | 20m 49s | $55K | $9K | 3x |
Binance EDGEUSDT
Lighter EDGEPrice 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
- −$31.81
- Funding while held
- −$15.46
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$57.28
- Spread needed to break even
- 0.100%
Slippage unknown: Binance: live order book, 6 min ago; Lighter: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0515%
- Per $10,000 a day
- −$15.46
- 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 Binance live order book, 6 min ago | 0.84 bp | 29.1 bp −$29 | 216.0 bp −$2,160 | doesn't fit | doesn't fit |
| Sell Lighter no order-book sample | — | — | — | — | — |
Lighter: 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.SunX0.5863cheapest
SunXLighter0.5898+0.600%
Bybit0.5907+0.750%KuCoin0.5907+0.750%Orderly0.5910+0.802%Aster0.5913+0.848%OKX0.5913+0.853%Extended0.5914+0.869%MEXC0.5914+0.870%Backpack0.5914+0.870%Bitget0.5917+0.921%
Bybit
KuCoin
Orderly
Aster
OKX
Extended
MEXC
Backpack
BitgetBinance0.5917+0.921%
BloFin0.5919+0.955%edgeX0.5936+1.248%Variational Omni0.5937+1.264%ApeX Omni0.5948+1.450%
BloFin
Variational Omni
ApeX OmniEDGE on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX EDGE-USDT | −0.913% | +0.0100% | 4h | $3K | $552K | 10x | as long as short |
| Lighter EDGEshort | −0.318% | +0.0096% | 1h | $55K | $9K | 3x | |
| Bybit EDGEUSDT | −0.169% | +0.0100% | 4h | $6.9M | $3.1M | 25x | as long as short |
| KuCoin EDGEUSDTM | −0.169% | +0.0100% | 4h | $2.1M | $2.2M | 50x | as long as short |
| Orderly PERP_EDGE_USDC | −0.119% | +0.0763% | 4h | $3K | $11 | 10x | as long as short |
| Aster EDGEUSDT | −0.073% | +0.0662% | 4h | $77K | $128K | 5x | as long as short |
| OKX EDGE-USDT-SWAP | −0.068% | +0.0284% | 4h | $3.6M | $5.4M | 20x | as long as short |
| Extended EDGE-USD | −0.052% | +0.0608% | 1h | $27K | $230K | 5x | as long as short |
| MEXC EDGE_USDT | −0.051% | +0.0622% | 4h | $1.4M | $890K | 50x | as long as short |
| Backpack EDGE_USDC_PERP | −0.051% | −0.0352% | 1h | $60K | $105K | 3.3x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget EDGEUSDT | 0.000% | +0.0100% | 4h | $4.7M | $889K | 20x | as long as short |
| Binance EDGEUSDTlong | 0.000% | +0.0611% | 4h | $10.1M | $9.3M | 50x | |
| BloFin EDGE-USDT | +0.033% | +0.0656% | 4h | $649K | $122K | 50x | as long as short |
| edgeX EDGEUSDC | +0.324% | +0.0309% | 4h | $14.2M | $3.4M | 30x | as long as short |
| Variational Omni EDGE | +0.339% | +0.0100% | 4h | $198K | $86K | — | as long as short |
| ApeX Omni EDGEUSDT | +0.524% | +0.0100% | 1h | $1K | $293K | 50x | as long as short |