Spread before costs (cost unknown: a leg has no order-book sample)−0.066%
7d average—if it closes, per $10,000$7funding while held, a day−$52.27
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_EDGE_USDC | 0.5907 | 0.0682 | pay 0.0341% / 4h | 1h 58m | $3K | — | 10x |
| Short | Backpack EDGE_USDC_PERP | 0.5903 | −0.1060 | pay 0.0132% / 1h | 58m 30s | $61K | $111K | 3.3x |
Orderly PERP_EDGE_USDC
Backpack EDGE_USDC_PERPPrice 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
- −$6.6
- Funding while held
- −$52.27
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$74.87
- Spread needed to break even
- 0.160%
Slippage unknown: Orderly: no order-book sample; Backpack: live order book, 57 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.1742%
- Per $10,000 a day
- −$52.27
- 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 57 min ago | 4.91 bp | 42.5 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
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.SunX0.5865cheapestLighter0.5886+0.360%Variational Omni0.5890+0.419%edgeX0.5895+0.508%Bitget0.5897+0.546%Bybit0.5898+0.563%Extended0.5899+0.588%OKX0.5900+0.597%Binance0.5902+0.631%KuCoin0.5902+0.631%ApeX Omni0.5902+0.631%
SunX
Lighter
Variational Omni
Bitget
Bybit
Extended
OKX
Binance
KuCoin
ApeX OmniBackpack0.5903+0.650%
MEXC0.5904+0.665%Aster0.5907+0.716%
MEXC
AsterOrderly0.5907+0.716%
BloFin0.5917+0.887%
BloFinEDGE on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX EDGE-USDT | −0.711% | +0.0100% | 4h | $3K | $573K | 10x | as long as short |
| Lighter EDGE | −0.354% | +0.0096% | 1h | $55K | $9K | 3x | as long as short |
| Variational Omni EDGE | −0.295% | +0.0100% | 4h | $175K | $108K | — | as long as short |
| edgeX EDGEUSDC | −0.207% | +0.0277% | 4h | $14.1M | $3.4M | 30x | as long as short |
| Bitget EDGEUSDT | −0.169% | +0.0100% | 4h | $4.7M | $938K | 20x | as long as short |
| Bybit EDGEUSDT | −0.152% | +0.0100% | 4h | $6.9M | $3.1M | 25x | as long as short |
| Extended EDGE-USD | −0.127% | +0.0456% | 1h | $27K | $230K | 5x | as long as short |
| OKX EDGE-USDT-SWAP | −0.119% | +0.0256% | 4h | $3.6M | $5.6M | 20x | as long as short |
| Binance EDGEUSDT | −0.085% | +0.0468% | 4h | $10.0M | $9.6M | 50x | as long as short |
| KuCoin EDGEUSDTM | −0.085% | +0.0100% | 4h | $2.1M | $2.2M | 50x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni EDGEUSDT | −0.085% | +0.0100% | 1h | $1K | $290K | 50x | as long as short |
| Backpack EDGE_USDC_PERPshort | −0.066% | −0.1060% | 1h | $61K | $111K | 3.3x | |
| MEXC EDGE_USDT | −0.051% | +0.0458% | 4h | $1.2M | $923K | 50x | as long as short |
| Aster EDGEUSDT | 0.000% | +0.0537% | 4h | $67K | $136K | 5x | as long as short |
| Orderly PERP_EDGE_USDClong | 0.000% | +0.0682% | 4h | $3K | — | 10x | |
| BloFin EDGE-USDT | +0.169% | +0.0485% | 4h | $655K | $123K | 50x | as long as short |