AVAX · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 1m old+0.014%higher than 64% of spread values(window 1D)
long $8.0140 · short $8.0151(long 31s / short 1m old)
Entry Spread (order book)-0.093%on $10,000
long $8.0174 · short $8.0100(average execution prices, not mark)
market median $8.0158· long -0.0%· short -0.0%
Size per leg$= $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 0.40% 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 | +$1.43 | -$48.57 | -$98.57 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(orderbook) | −$20.02 | −$20.02 | −$20.02 |
| Funding drag(est. 1h hold) | +$0.03 | +$0.03 | +$0.03 |
| Net potential | -$38.56 | -$88.56 | -$138.56 |
Breakeven move 0.3999%·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 0.04%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 282 samples
Current
+0.014%
64 pct
Median
+0.000%
Average
-0.005%
P25 → P75
-0.044% … +0.037%
Range
-0.201% … +0.286%
Std dev
±0.068%
tf
LONG
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
SHORT
Aster(dex)
Aster(dex)- Mark Price
- $8.0151
- Exchange Ticker
- AVAXUSDT
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(8h)
- -11.48%
- OI
- $1.76M
- 24h Vol
- $563.74K
282 long / 280 short samples · 2 days · auto-refresh every 30s