After costs, if the gap returns to its 7d average, $10k−$15
spread now+0.137%7d average−0.005%fees + slippage, in and out−$29spread needed0.289%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack AVAX_USDC_PERP | 10.913 | −0.0119 | get 0.0015% / 1h | 34m 33s | $303K | $544K | 15x |
| Short | Popdex AVAXUSDT | 10.928 | 0.0096 | get 0.0012% / 1h | 34m 33s | $12K | $754K | 50x |
Backpack AVAX_USDC_PERP
Popdex AVAXUSDTPrice 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
- $13.75
- Funding while held
- $6.44
- Slippage, 4 orders
- −$12.46
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$8.67
- Spread needed to break even
- 0.289%
Slippage from Backpack: live order book, 66 min ago; Popdex: live order book, 31 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0215%
- Per $10,000 a day
- +$6.44
- 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, 66 min ago | 2.73 bp | 8.1 bp −$8 | 31.6 bp −$316 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 31 min ago | 0.92 bp | 7.2 bp −$7 | 20.1 bp −$201 | doesn't fit | doesn't fit |
AVAX price on every exchange
against the cheapest. Click to use as the short leg.Backpack10.913cheapest
SoDEX10.915+0.018%Deribit10.915+0.018%Phemex10.918+0.046%Aevo10.919+0.060%Bybit10.921+0.073%BloFin10.921+0.073%HTX10.921+0.078%gTrade (Gains Network)10.922+0.080%Nado10.922+0.087%OKX10.924+0.101%Bitget10.924+0.101%Reya10.924+0.103%Extended10.924+0.104%GMX10.925+0.109%Kraken Futures10.926+0.118%Gate10.926+0.119%Polymarket Perps10.926+0.119%Lighter10.927+0.125%BingX10.927+0.128%Paradex10.927+0.130%Binance10.927+0.131%
SoDEX
Deribit
Phemex
Aevo
Bybit
BloFin
HTX
gTrade (Gains Network)
Nado
OKX
Bitget
Reya
Extended
GMX
Kraken Futures
Gate
Polymarket Perps
Lighter
BingX
Paradex
BinancePopdex10.928+0.137%
KuCoin10.928+0.137%Orderly10.928+0.137%ApeX Omni10.931+0.165%Pacifica10.932+0.176%Variational Omni10.933+0.182%Aster10.933+0.183%MEXC10.933+0.183%dYdX10.938+0.234%Coinbase International10.940+0.247%Hyperliquid10.944+0.284%SunX10.950+0.343%Injective11.170+2.355%
KuCoin
Orderly
ApeX Omni
Pacifica
Variational Omni
Aster
MEXC
dYdX
Coinbase International
Hyperliquid
SunX
InjectiveAVAX on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Backpack AVAX_USDC_PERPlong | 0.000% | −0.0119% | 1h | $303K | $544K | 15x | |
| SoDEX AVAX-USD | +0.018% | +0.0012% | 1h | $18K | $74K | 10x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | +0.018% | −0.0391% | 1h | $5.2M | $10.2M | 25x | as long as short |
| Phemex AVAXUSDT | +0.046% | +0.0021% | 8h | $29.2M | $4.9M | 50x | as long as short |
| Aevo AVAX-PERP | +0.060% | +0.0088% | 1h | $251K | — | 3x | as long as short |
| Bybit AVAXUSDT | +0.073% | −0.0233% | 8h | $86.0M | $152.6M | 75x | as long as short |
| BloFin AVAX-USDT | +0.073% | +0.0072% | 8h | $5.0M | $9.4M | 100x | as long as short |
| HTX AVAX-USDT | +0.078% | +0.0100% | 8h | $347K | $1.3M | 75x | as long as short |
| gTrade (Gains Network) AVAX/USD | +0.080% | L +0.0002% / S −0.0003% | 1h | $12K | — | 150x | as long as short |
| Nado AVAX-PERP | +0.087% | −0.0244% | 1h | $320K | $1.0M | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX AVAX-USDT-SWAP | +0.101% | −0.0059% | 8h | $19.3M | $147.3M | 50x | as long as short |
| Bitget AVAXUSDT | +0.101% | +0.0035% | 8h | $33.4M | $64.1M | 75x | as long as short |
| Reya AVAXRUSDPERP | +0.103% | +0.0243% | 1h | $1K | — | 20x | as long as short |
| Extended AVAX-USD | +0.104% | +0.0104% | 1h | $611K | $2.2M | 25x | as long as short |
| GMX AVAX/USD [AVAX-USDC] | +0.109% | L +0.0411% / S −0.0244% | 1h | $235K | — | 120x | as long as short |
| Kraken Futures PF_AVAXUSD | +0.118% | −0.0004% | 1h | $4.5M | $14.2M | 50x | as long as short |
| Gate AVAX_USDT | +0.119% | −0.0127% | 8h | $12.0M | $41.5M | 75x | as long as short |
| Polymarket Perps AVAX-USD | +0.119% | +0.0100% | 1h | $108K | $460K | 10x | as long as short |
| Lighter AVAX | +0.125% | +0.0096% | 1h | $1.2M | $3.2M | 10x | as long as short |
| BingX AVAX-USDT | +0.128% | +0.0037% | 8h | — | $97.9M | — | as long as short |
| Paradex AVAX-USD-PERP | +0.130% | +0.0066% | 8h | $12K | $766 | 20x | as long as short |
| Binance AVAXUSDT | +0.131% | +0.0018% | 8h | $117.4M | $558.0M | 75x | as long as short |
| Popdex AVAXUSDTshort | +0.137% | +0.0096% | 1h | $12K | $754K | 50x | |
| KuCoin AVAXUSDTM | +0.137% | +0.0100% | 8h | $14.9M | $25.1M | 75x | as long as short |
| Orderly PERP_AVAX_USDC | +0.137% | +0.0100% | 8h | $203K | $412K | 20x | as long as short |
| ApeX Omni AVAXUSDT | +0.165% | +0.0100% | 1h | $176K | $711K | 50x | as long as short |
| Pacifica AVAX | +0.176% | +0.0100% | 1h | $295K | $137K | 10x | as long as short |
| Variational Omni AVAX | +0.182% | −0.0309% | 8h | $2.9M | $2.2M | — | as long as short |
| Aster AVAXUSDT | +0.183% | −0.0017% | 8h | $2.2M | $2.1M | 75x | as long as short |
| MEXC AVAX_USDT | +0.183% | +0.0017% | 8h | $52.7M | $125.2M | 200x | as long as short |
| dYdX AVAX-USD | +0.234% | 0.0000% | 1h | $86K | $148K | 10x | as long as short |
| Coinbase International AVAX-PERP-INTX | +0.247% | +0.0040% | 1h | $807K | $8.5M | 50x | as long as short |
| Hyperliquid AVAX | +0.284% | +0.0100% | 1h | $40.4M | $61.3M | 10x | as long as short |
| SunX AVAX-USDT | +0.343% | +0.0100% | 8h | $11K | $685K | 20x | as long as short |
| Injective AVAX/USDC PERP | +2.355% | +0.0033% | 1h | $17K | $35K | 12x | as long as short |