AVAX · Convergence Trade
Current Spread (mark)
updated 53s ago+0.069%higher than 89% of spread values(window 1D)
long $7.9972 · short $8.0027
Entry Spread (order book)-0.024%on $10,000
long $8.0046 · short $8.0027(average execution prices, not mark)
market median $7.9971· long +0.0%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.07%, but entry and exit cost 0.24% 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 0.07% 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 | +$6.90 | -$43.10 | -$93.10 |
| Round-trip fees | −$19.00 | −$19.00 | −$19.00 |
| Slippage(orderbook) | −$5.24 | −$5.24 | −$5.24 |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$17.34 | -$67.34 | -$117.34 |
Breakeven move 0.2424%·Tradeability: 0.3× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~6mintypical time to exit(usually ~6min–~18min)
Exit target: spread compresses to the median 0.03% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 42 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 · 285 samples
Current
+0.069%
89 pct
Median
+0.001%
Average
+0.002%
P25 → P75
-0.027% … +0.028%
Range
-0.810% … +0.267%
Std dev
±0.082%
tf
LONG
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $7.9972
- Exchange Ticker
- AVAX
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- -7.58%
- OI
- $25.17M
- 24h Vol
- $13.64M
SHORT
Pionex(cex)
Pionex(cex)- Mark Price
- $8.0027
- Exchange Ticker
- AVAX_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- -7.59%
- OI
- $815.04K
- 24h Vol
- $2.00M
285 long / 284 short samples · 2 days · auto-refresh every 30s