Spread before costs (cost unknown: a leg has no order-book sample)+0.210%
7d average—if it closes, per $10,000$21funding while held, a day+$0.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter EDGE | 0.6001 | 0.0096 | pay 0.0012% / 1h | 59m 02s | $56K | $9K | 3x |
| Short | Bitget EDGEUSDT | 0.6014 | 0.0100 | get 0.0050% / 4h | 59m 02s | $4.8M | $942K | 20x |
Lighter EDGE
Bitget 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
- $21
- Funding while held
- $0.12
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $9.12
- Spread needed to break even
- 0.120%
Slippage unknown: Lighter: no order-book sample; Bitget: live order book, 6 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0004%
- Per $10,000 a day
- +$0.12
- 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 Lighter no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 6 min ago | 4.16 bp | 33.3 bp −$33 | 254.2 bp −$2,542 | doesn't fit | doesn't fit |
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.Variational Omni0.6001cheapest
Variational OmniLighter0.6001+0.004%
Bybit0.6006+0.081%Backpack0.6008+0.119%KuCoin0.6012+0.181%
Bybit
Backpack
KuCoinBitget0.6014+0.214%
edgeX0.6014+0.214%ApeX Omni0.6015+0.231%Extended0.6016+0.245%Orderly0.6016+0.247%Aster0.6018+0.289%Binance0.6019+0.297%MEXC0.6019+0.297%OKX0.6020+0.314%BloFin0.6023+0.364%SunX0.6284+4.713%
ApeX Omni
Extended
Orderly
Aster
Binance
MEXC
OKX
BloFin
SunXEDGE on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni EDGE | −0.004% | +0.0100% | 4h | $180K | $111K | — | as long as short |
| Lighter EDGElong | 0.000% | +0.0096% | 1h | $56K | $9K | 3x | |
| Bybit EDGEUSDT | +0.077% | +0.0100% | 4h | $7.0M | $3.1M | 25x | as long as short |
| Backpack EDGE_USDC_PERP | +0.115% | −0.0756% | 1h | $57K | $113K | 3.3x | as long as short |
| KuCoin EDGEUSDTM | +0.177% | +0.0100% | 4h | $2.1M | $2.2M | 50x | as long as short |
| Bitget EDGEUSDTshort | +0.210% | +0.0100% | 4h | $4.8M | $942K | 20x | |
| edgeX EDGEUSDC | +0.210% | +0.0224% | 4h | $14.4M | $3.4M | 30x | as long as short |
| ApeX Omni EDGEUSDT | +0.227% | +0.0100% | 1h | $1K | $289K | 50x | as long as short |
| Extended EDGE-USD | +0.241% | +0.0320% | 1h | $27K | $230K | 5x | as long as short |
| Orderly PERP_EDGE_USDC | +0.243% | +0.0565% | 4h | $3K | — | 10x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster EDGEUSDT | +0.285% | +0.0387% | 4h | $69K | $131K | 5x | as long as short |
| Binance EDGEUSDT | +0.293% | +0.0322% | 4h | $10.2M | $9.7M | 50x | as long as short |
| MEXC EDGE_USDT | +0.293% | +0.0320% | 4h | $1.2M | $915K | 50x | as long as short |
| OKX EDGE-USDT-SWAP | +0.310% | +0.0217% | 4h | $3.7M | $5.7M | 20x | as long as short |
| BloFin EDGE-USDT | +0.360% | +0.0322% | 4h | $655K | $128K | 50x | as long as short |
| SunX EDGE-USDT | +4.709% | +0.0100% | 4h | $4K | $575K | 10x | as long as short |