AVAX · Convergence Trade
Current Spread (mark)
updated 38s ago+0.014%higher than 35% of spread values(window 1D)
long $8.0129 · short $8.0140
Entry Spread (order book)-1.030%on $10,000
long $8.0940 · short $8.0106(average execution prices, not mark)
market median $8.0155· long -0.0%· short -0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.01%, but entry and exit cost 0.36% 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 0.01% 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 | +$1.37 | -$48.63 | -$98.63 |
| Round-trip fees | −$12.00 | −$12.00 | −$12.00 |
| Slippage(orderbook) | −$24.26 | −$24.26 | −$24.26 |
| Funding drag(est. 1h hold) | +$0.22 | +$0.22 | +$0.22 |
| Net potential | -$34.67 | -$84.67 | -$134.67 |
Breakeven move 0.3604%·Tradeability: 0.0× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.06%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 283 samples
Current
+0.014%
35 pct
Median
+0.046%
Average
+0.043%
P25 → P75
-0.004% … +0.085%
Range
-0.246% … +0.369%
Std dev
±0.081%
tf
LONG
Lighter(dex)
Lighter(dex)- Mark Price
- $8.0129
- Exchange Ticker
- AVAX-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- -33.31%
- OI
- $2.90M
- 24h Vol
- $684.92K
SHORT
Phemex(cex)
Phemex(cex)- Mark Price
- $8.0140
- Exchange Ticker
- AVAXUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(8h)
- -14.09%
- OI
- $23.53M
- 24h Vol
- $3.86M
283 long / 283 short samples · 2 days · auto-refresh every 30s