AVAX · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 7m old+0.286%higher than 96% of spread values(window 1D)
long $8.8158 · short $8.8410(long 49s / short 7m old)
Entry Spread (order book)-1.606%on $10,000
long $8.9590 · short $8.8151(average execution prices, not mark)
market median $8.8250· long -0.1%· short +0.2%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.29%, but entry and exit cost 1.99% 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 0.29% 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 | +$28.62 | -$21.38 | -$71.38 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(orderbook) | −$180.13 | −$180.13 | −$180.13 |
| Funding drag(est. 1h hold) | +$0.82 | +$0.82 | +$0.82 |
| Net potential | -$170.69 | -$220.69 | -$270.69 |
Breakeven move 1.9931%·Tradeability: 0.1× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~6min–~12min)
Exit target: spread compresses to the median 0.04% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 11 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 · 282 samples
Current
+0.286%
96 pct
Median
+0.009%
Average
+0.017%
P25 → P75
-0.031% … +0.052%
Range
-0.447% … +0.743%
Std dev
±0.125%
tf
LONG
dYdX(dex)
dYdX(dex)- Mark Price
- $8.8158
- Exchange Ticker
- AVAX-USD
- Taker / Maker
- 0.05% / 0.01%
- Funding APR(1h)
- +0.00%
- OI
- $28.08K
- 24h Vol
- $5.73K
SHORT
Crypto.com(cex)
Crypto.com(cex)- Mark Price
- $8.8410
- Exchange Ticker
- AVAXUSD-PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- +71.68%
- OI
- $394.51K
- 24h Vol
- $31.45K
282 long / 253 short samples · 2 days · auto-refresh every 30s