After costs, if the gap returns to its 7d average, $10k−$111
spread now+0.009%7d average−0.162%fees + slippage, in and out−$128spread needed1.279%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX EDGEUSDC | 0.5895 | 0.0277 | pay 0.0138% / 4h | 1h 59m | $14.1M | $3.4M | 30x |
| Short | Backpack EDGE_USDC_PERP | 0.5895 | −0.0781 | pay 0.0098% / 1h | 59m 16s | $61K | $111K | 3.3x |
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
- $0.87
- Funding while held
- −$31.71
- Slippage, 4 orders
- −$108.94
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$158.78
- Spread needed to break even
- 1.279%
Slippage from edgeX: live order book, 1 min ago; Backpack: live order book, 56 min ago.
Cost of waiting
funding view- Funding /8h
- −0.1057%
- Per $10,000 a day
- −$31.71
- 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 edgeX live order book, 1 min ago | 6.80 bp | 43.3 bp −$43 | 143.9 bp −$1,439 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 56 min ago | 4.91 bp | 42.5 bp −$43 | doesn't fit | 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 | −0.505% | +0.0100% | 4h | $3K | $573K | 10x | as long as short |
| Lighter EDGE | −0.096% | +0.0096% | 1h | $55K | $9K | 3x | as long as short |
| Variational Omni EDGE | −0.089% | +0.0100% | 4h | $175K | $108K | — | as long as short |
| edgeX EDGEUSDClong | 0.000% | +0.0277% | 4h | $14.1M | $3.4M | 30x | |
| Backpack EDGE_USDC_PERPshort | +0.009% | −0.0781% | 1h | $61K | $111K | 3.3x | |
| Bitget EDGEUSDT | +0.071% | +0.0100% | 4h | $4.7M | $938K | 20x | as long as short |
| Bybit EDGEUSDT | +0.088% | +0.0100% | 4h | $6.9M | $3.1M | 25x | as long as short |
| KuCoin EDGEUSDTM | +0.105% | +0.0100% | 4h | $2.1M | $2.2M | 50x | as long as short |
| ApeX Omni EDGEUSDT | +0.122% | +0.0100% | 1h | $1K | $290K | 50x | as long as short |
| Aster EDGEUSDT | +0.178% | +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 | +0.207% | +0.0460% | 4h | $1.2M | $919K | 50x | as long as short |
| Orderly PERP_EDGE_USDC | +0.207% | +0.0682% | 4h | $3K | — | 10x | as long as short |
| Extended EDGE-USD | +0.225% | +0.0456% | 1h | $27K | $230K | 5x | as long as short |
| Binance EDGEUSDT | +0.262% | +0.0460% | 4h | $10.0M | $9.6M | 50x | as long as short |
| OKX EDGE-USDT-SWAP | +0.292% | +0.0256% | 4h | $3.6M | $5.6M | 20x | as long as short |
| BloFin EDGE-USDT | +0.377% | +0.0485% | 4h | $655K | $123K | 50x | as long as short |
Backpack EDGE_USDC_PERP
SunX
Lighter
Variational Omni
Bitget
Bybit
KuCoin
ApeX Omni
Aster
MEXC
Extended
Binance
OKX
BloFin