Spread before costs (cost unknown: a leg has no order-book sample)−0.006%
7d average+0.075%if it closes, per $10,000$1funding while held, a day+$0.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter AVAX | 10.881 | 0.0096 | pay 0.0012% / 1h | 20m 33s | $1.2M | $3.2M | 10x |
| Short | Orderly PERP_AVAX_USDC | 10.880 | 0.0100 | get 0.0100% / 8h | 5h 20m | $202K | $412K | 20x |
Lighter AVAX
Orderly PERP_AVAX_USDCPrice 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
- −$0.55
- Funding while held
- $0.12
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$6.43
- Spread needed to break even
- 0.060%
Slippage unknown: Lighter: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0004%
- Per $10,000 a day
- +$0.12
- 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 Lighter live order book, 3 min ago | 1.75 bp | 1.8 bp −$2 | 8.0 bp −$80 | 74.8 bp −$7,479 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
AVAX price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni10.859cheapestHTX10.866+0.067%Backpack10.868+0.084%Deribit10.869+0.093%ApeX Omni10.870+0.102%SoDEX10.870+0.102%Aevo10.871+0.116%Nado10.872+0.121%Phemex10.872+0.121%BloFin10.873+0.130%gTrade (Gains Network)10.874+0.136%GMX10.875+0.144%Coinbase International10.875+0.148%Kraken Futures10.878+0.179%BingX10.880+0.194%
Variational Omni
HTX
Backpack
Deribit
ApeX Omni
SoDEX
Aevo
Nado
Phemex
BloFin
gTrade (Gains Network)
GMX
Coinbase International
Kraken Futures
BingXOrderly10.880+0.194%
Lighter10.881+0.200%
Paradex10.881+0.202%Gate10.881+0.204%MEXC10.882+0.213%KuCoin10.882+0.213%Aster10.882+0.215%Pacifica10.884+0.233%OKX10.885+0.241%dYdX10.885+0.244%Bybit10.886+0.250%Extended10.887+0.256%Reya10.887+0.258%Bitget10.887+0.259%Popdex10.892+0.305%Polymarket Perps10.892+0.305%Binance10.892+0.307%SunX10.899+0.371%Hyperliquid10.904+0.416%Injective11.170+2.865%
Paradex
Gate
MEXC
KuCoin
Aster
Pacifica
OKX
dYdX
Bybit
Extended
Reya
Bitget
Popdex
Polymarket Perps
Binance
SunX
Hyperliquid
InjectiveAVAX on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni AVAX | −0.200% | −0.0309% | 8h | $2.9M | $2.1M | — | as long as short |
| HTX AVAX-USDT | −0.132% | +0.0100% | 8h | $345K | $1.3M | 75x | as long as short |
| Backpack AVAX_USDC_PERP | −0.116% | −0.0097% | 1h | $302K | $544K | 15x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | −0.107% | −0.0302% | 1h | $5.1M | $10.2M | 25x | as long as short |
| ApeX Omni AVAXUSDT | −0.097% | +0.0100% | 1h | $175K | $710K | 50x | as long as short |
| SoDEX AVAX-USD | −0.097% | +0.0050% | 1h | $18K | $72K | 10x | as long as short |
| Aevo AVAX-PERP | −0.084% | +0.0088% | 1h | $250K | — | 3x | as long as short |
| Nado AVAX-PERP | −0.079% | −0.0229% | 1h | $319K | $1.0M | 10x | as long as short |
| Phemex AVAXUSDT | −0.079% | +0.0010% | 8h | $29.1M | $4.9M | 50x | as long as short |
| BloFin AVAX-USDT | −0.070% | +0.0083% | 8h | $5.0M | $9.3M | 100x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) AVAX/USD | −0.064% | L +0.0002% / S −0.0003% | 1h | $12K | — | 150x | as long as short |
| GMX AVAX/USD [AVAX-USDC] | −0.056% | L +0.0411% / S −0.0244% | 1h | $234K | — | 120x | as long as short |
| Coinbase International AVAX-PERP-INTX | −0.051% | +0.0040% | 1h | $803K | $8.4M | 50x | as long as short |
| Kraken Futures PF_AVAXUSD | −0.021% | −0.0004% | 1h | $4.4M | $14.3M | 50x | as long as short |
| BingX AVAX-USDT | −0.006% | +0.0028% | 8h | — | $97.0M | — | as long as short |
| Orderly PERP_AVAX_USDCshort | −0.006% | +0.0100% | 8h | $202K | $412K | 20x | |
| Lighter AVAXlong | 0.000% | +0.0096% | 1h | $1.2M | $3.2M | 10x | |
| Paradex AVAX-USD-PERP | +0.002% | +0.0067% | 8h | $12K | $766 | 20x | as long as short |
| Gate AVAX_USDT | +0.004% | −0.0106% | 8h | $11.9M | $41.7M | 75x | as long as short |
| MEXC AVAX_USDT | +0.013% | +0.0020% | 8h | $51.3M | $125.5M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.013% | +0.0100% | 8h | $15.0M | $25.1M | 75x | as long as short |
| Aster AVAXUSDT | +0.015% | −0.0018% | 8h | $2.2M | $2.1M | 75x | as long as short |
| Pacifica AVAX | +0.033% | +0.0100% | 1h | $294K | $137K | 10x | as long as short |
| OKX AVAX-USDT-SWAP | +0.040% | −0.0064% | 8h | $18.8M | $147.4M | 50x | as long as short |
| dYdX AVAX-USD | +0.043% | 0.0000% | 1h | $81K | $152K | 10x | as long as short |
| Bybit AVAXUSDT | +0.050% | −0.0210% | 8h | $85.5M | $152.4M | 75x | as long as short |
| Extended AVAX-USD | +0.056% | +0.0104% | 1h | $610K | $2.2M | 25x | as long as short |
| Reya AVAXRUSDPERP | +0.058% | +0.0243% | 1h | $1K | — | 20x | as long as short |
| Bitget AVAXUSDT | +0.059% | +0.0026% | 8h | $33.2M | $64.3M | 75x | as long as short |
| Popdex AVAXUSDT | +0.105% | +0.0096% | 1h | $12K | $753K | 50x | as long as short |
| Polymarket Perps AVAX-USD | +0.105% | +0.0100% | 1h | $112K | $477K | 10x | as long as short |
| Binance AVAXUSDT | +0.107% | +0.0021% | 8h | $117.0M | $557.6M | 75x | as long as short |
| SunX AVAX-USDT | +0.171% | +0.0100% | 8h | $12K | $688K | 20x | as long as short |
| Hyperliquid AVAX | +0.215% | +0.0100% | 1h | $40.3M | $61.1M | 10x | as long as short |
| Injective AVAX/USDC PERP | +2.660% | +0.0033% | 1h | $17K | $35K | 12x | as long as short |