For any T >= 1, there are constants R=R(T) >= 1 and ζ=ζ(T)>0 and a randomized algorithm that takes as input an integer n and two strings x,y of length at most n, and runs in time O(n1+1/T) and outputs an upper bound U on the edit distance of edit(x,y) that with high probability, satisfies U = n1-ζ the algorithm outputs a constant factor approximation with high probability. A similar result has been proven independently by Brakensiek and Rubinstein (this proceedings).