AVAX · Convergence Trade
Current Spread (mark)
updated 1m ago+0.012%higher than 63% of spread values(window 1D)
long $7.9850 · short $7.9860(long 1m / short 1m old)
Entry Spread (order book)-0.213%on $10,000
long $7.9965 · short $7.9795(average execution prices, not mark)
market median $7.9815· long +0.0%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.01%, but entry and exit cost 0.32% 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 | +$1.19 | -$48.81 | -$98.81 |
| Round-trip fees | −$22.00 | −$22.00 | −$22.00 |
| Slippage(orderbook) | −$10.22 | −$10.22 | −$10.22 |
| Funding drag(est. 1h hold) | +$0.06 | +$0.06 | +$0.06 |
| Net potential | -$30.97 | -$80.97 | -$130.97 |
Breakeven move 0.3216%·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 0.03%) — 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
+0.012%
63 pct
Median
-0.001%
Average
-0.009%
P25 → P75
-0.038% … +0.025%
Range
-0.644% … +0.227%
Std dev
±0.076%
tf
LONG
Phemex(cex)
Phemex(cex)- Mark Price
- $7.9850
- Exchange Ticker
- AVAXUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(8h)
- -13.23%
- OI
- $23.44M
- 24h Vol
- $3.87M
SHORT
Pionex(cex)
Pionex(cex)- Mark Price
- $7.9860
- Exchange Ticker
- AVAX_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- -7.70%
- OI
- $813.39K
- 24h Vol
- $1.99M
282 long / 281 short samples · 2 days · auto-refresh every 30s