AVAX · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 1m old+0.089%higher than 75% of spread values(window 1D)
long $9.7660 · short $9.7747(long 1m / short 18s old)
Entry Spread (order book)-0.203%on $10,000
long $9.7947 · short $9.7748(average execution prices, not mark)
market median $9.7750· long -0.1%· short -0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.09%, but entry and exit cost 0.76% of the position. The trade is a loss at entry regardless of how the spread moves afterwards. Reduce the size, or pick another pair.
Three scenarios: the current spread 0.09% compresses to the target (0% = full convergence). Sized at $10,000 per leg.
| If spread converges to↓ target spread | 0% | 0.50% | 1.00% |
|---|---|---|---|
| Gross profit | +$8.91 | -$41.09 | -$91.09 |
| Round-trip fees | −$19.00 | −$19.00 | −$19.00 |
| Slippage(orderbook) | −$57.87 | −$57.87 | −$57.87 |
| Funding drag(est. 1h hold) | +$0.47 | +$0.47 | +$0.47 |
| Net potential | -$67.49 | -$117.49 | -$167.49 |
Breakeven move 0.7640%·Tradeability: 0.1× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~6min–~18min)
Exit target: spread compresses to the median 0.06% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 55 comparable episodes over 1D. Check the position roughly every ~1h.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 284 samples
Current
+0.089%
75 pct
Median
+0.053%
Average
+0.057%
P25 → P75
+0.024% … +0.088%
Range
-0.169% … +0.313%
Std dev
±0.065%
tf
LONG
Crypto.com(cex)
Crypto.com(cex)- Mark Price
- $9.7660
- Exchange Ticker
- AVAXUSD-PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- -29.90%
- OI
- $123.60K
- 24h Vol
- $22.93K
SHORT
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $9.7747
- Exchange Ticker
- AVAX
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $20.78M
- 24h Vol
- $4.51M
284 long / 284 short samples · 2 days · auto-refresh every 30s