After costs, if the gap returns to its 7d average, $10k−$20
spread now+0.128%7d average+0.027%fees + slippage, in and out−$30spread needed0.297%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack AVAX_USDC_PERP | 11.333 | 0.0075 | pay 0.0009% / 1h | 41m 04s | $312K | $687K | 15x |
| Short | Hyperliquid AVAX | 11.348 | 0.0732 | get 0.0092% / 1h | 41m 04s | $43.3M | $86.9M | 10x |
Backpack AVAX_USDC_PERP
Hyperliquid AVAXPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $12.79
- Funding while held
- $19.73
- Slippage, 4 orders
- −$10.67
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $2.85
- Spread needed to break even
- 0.297%
Slippage from Backpack: live order book, 19 min ago; Hyperliquid: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0658%
- Per $10,000 a day
- +$19.73
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Backpack live order book, 19 min ago | 0.87 bp | 8.7 bp −$9 | 30.7 bp −$307 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 0.44 bp | 7.4 bp −$7 | 11.0 bp −$110 | doesn't fit | doesn't fit |
AVAX price on every exchange
against the cheapest. Click to use as the short leg.Injective11.270cheapestVariational Omni11.307+0.330%Nado11.313+0.379%dYdX11.317+0.418%Reya11.318+0.427%Extended11.320+0.442%Deribit11.320+0.444%Paradex11.321+0.454%Aevo11.323+0.475%Pacifica11.324+0.479%Popdex11.324+0.479%SoDEX11.325+0.488%gTrade (Gains Network)11.325+0.491%HTX11.325+0.492%Polymarket Perps11.326+0.497%GMX11.326+0.497%KuCoin11.327+0.506%Lighter11.327+0.508%Phemex11.328+0.515%BloFin11.328+0.515%Aster11.329+0.521%Kraken Futures11.330+0.534%Orderly11.332+0.550%Bybit11.333+0.559%
Injective
Variational Omni
Nado
dYdX
Reya
Extended
Deribit
Paradex
Aevo
Pacifica
Popdex
SoDEX
gTrade (Gains Network)
HTX
Polymarket Perps
GMX
KuCoin
Lighter
Phemex
BloFin
Aster
Kraken Futures
Orderly
BybitBackpack11.333+0.559%
ApeX Omni11.333+0.559%OKX11.335+0.577%Gate11.335+0.577%BingX11.335+0.577%Bitget11.336+0.586%Coinbase International11.336+0.586%MEXC11.337+0.594%Binance11.338+0.606%
ApeX Omni
OKX
Gate
BingX
Bitget
Coinbase International
MEXC
BinanceHyperliquid11.348+0.688%
SunX11.355+0.752%
SunXAVAX on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective AVAX/USDC PERP | −0.556% | −0.1360% | 1h | $17K | $76K | 12x | as long as short |
| Variational Omni AVAX | −0.228% | −0.0152% | 8h | $3.1M | $3.7M | — | as long as short |
| Nado AVAX-PERP | −0.179% | +0.0100% | 1h | $327K | $2.1M | 10x | as long as short |
| dYdX AVAX-USD | −0.140% | 0.0000% | 1h | $65K | $201K | 10x | as long as short |
| Reya AVAXRUSDPERP | −0.131% | +0.0243% | 1h | $1K | — | 20x | as long as short |
| Extended AVAX-USD | −0.117% | +0.0104% | 1h | $769K | $2.0M | 25x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | −0.115% | −0.0456% | 1h | $5.5M | $13.9M | 25x | as long as short |
| Paradex AVAX-USD-PERP | −0.105% | +0.0095% | 8h | $13K | $2K | 20x | as long as short |
| Aevo AVAX-PERP | −0.084% | +0.0096% | 1h | $260K | — | 3x | as long as short |
| Pacifica AVAX | −0.079% | +0.0100% | 1h | $295K | $162K | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Popdex AVAXUSDT | −0.079% | +0.0096% | 1h | $14K | $1.0M | 50x | as long as short |
| SoDEX AVAX-USD | −0.071% | +0.0049% | 1h | $21K | $123K | 10x | as long as short |
| gTrade (Gains Network) AVAX/USD | −0.068% | L +0.0002% / S −0.0003% | 1h | $13K | — | 150x | as long as short |
| HTX AVAX-USDT | −0.066% | +0.0100% | 8h | $364K | $2.1M | 75x | as long as short |
| Polymarket Perps AVAX-USD | −0.062% | +0.0100% | 1h | $124K | $598K | 10x | as long as short |
| GMX AVAX/USD [AVAX-USDC] | −0.061% | L +0.0386% / S −0.0220% | 1h | $229K | — | 120x | as long as short |
| KuCoin AVAXUSDTM | −0.053% | +0.0069% | 8h | $14.8M | $32.2M | 75x | as long as short |
| Lighter AVAX | −0.050% | +0.0096% | 1h | $1.3M | $4.3M | 10x | as long as short |
| Phemex AVAXUSDT | −0.044% | +0.0100% | 8h | $30.3M | $5.0M | 50x | as long as short |
| BloFin AVAX-USDT | −0.044% | +0.0171% | 8h | $5.4M | $15.0M | 100x | as long as short |
| Aster AVAXUSDT | −0.038% | +0.0074% | 8h | $2.4M | $3.2M | 75x | as long as short |
| Kraken Futures PF_AVAXUSD | −0.025% | +0.0076% | 1h | $4.2M | $21.9M | 50x | as long as short |
| Orderly PERP_AVAX_USDC | −0.009% | +0.0100% | 8h | $174K | $482K | 20x | as long as short |
| Bybit AVAXUSDT | 0.000% | +0.0082% | 8h | $90.5M | $186.4M | 75x | as long as short |
| Backpack AVAX_USDC_PERPlong | 0.000% | +0.0075% | 1h | $312K | $687K | 15x | |
| ApeX Omni AVAXUSDT | 0.000% | +0.0100% | 1h | $142K | $762K | 50x | as long as short |
| OKX AVAX-USDT-SWAP | +0.018% | +0.0043% | 8h | $22.3M | $231.7M | 50x | as long as short |
| Gate AVAX_USDT | +0.018% | −0.0085% | 8h | $12.5M | $58.3M | 75x | as long as short |
| BingX AVAX-USDC | +0.018% | +0.0082% | 8h | — | $6.6M | — | as long as short |
| Bitget AVAXUSDT | +0.026% | +0.0079% | 8h | $34.5M | $91.0M | 75x | as long as short |
| Coinbase International AVAX-PERP-INTX | +0.026% | +0.0328% | 1h | $936K | $13.7M | 50x | as long as short |
| MEXC AVAX_USDT | +0.035% | +0.0049% | 8h | $57.3M | $176.3M | 200x | as long as short |
| Binance AVAXUSDT | +0.046% | +0.0051% | 8h | $125.6M | $739.9M | 75x | as long as short |
| Hyperliquid AVAXshort | +0.128% | +0.0732% | 1h | $43.3M | $86.9M | 10x | |
| SunX AVAX-USDT | +0.191% | +0.0100% | 8h | $12K | $919K | 20x | as long as short |