Spread before costs (cost unknown: a leg has no order-book sample)+0.079%
7d average—if it closes, per $10,000$8funding while held, a day−$1.05
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex AVAX-USD-PERP | 11.198 | 0.0090 | pay 0.0090% / 8h | 1h 39m | $13K | $2K | 20x |
| Short | Phemex AVAXUSDT | 11.207 | 0.0055 | get 0.0055% / 8h | 1h 39m | $30.0M | $5.0M | 50x |
Paradex AVAX-USD-PERP
Phemex 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
- $7.88
- Funding while held
- −$1.05
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$9.17
- Spread needed to break even
- 0.160%
Slippage unknown: Paradex: no order-book sample; Phemex: live order book, 6 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0035%
- Per $10,000 a day
- −$1.05
- 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 6 min ago | 5.83 bp | 16.6 bp −$17 | 35.3 bp −$353 | doesn't fit | doesn't fit |
Paradex: 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.ApeX Omni11.178cheapestVariational Omni11.187+0.078%Nado11.197+0.172%
ApeX Omni
Variational Omni
NadoParadex11.198+0.180%
Coinbase International11.200+0.197%OKX11.201+0.206%HTX11.202+0.212%Pacifica11.202+0.216%dYdX11.203+0.220%Binance11.203+0.221%Aevo11.204+0.228%BingX11.204+0.233%BloFin11.204+0.233%Extended11.204+0.235%Reya11.205+0.239%Backpack11.205+0.242%Bybit11.206+0.250%Gate11.206+0.250%Deribit11.206+0.250%MEXC11.207+0.259%KuCoin11.207+0.259%SoDEX11.207+0.259%
Coinbase International
OKX
HTX
Pacifica
dYdX
Binance
Aevo
BingX
BloFin
Extended
Reya
Backpack
Bybit
Gate
Deribit
MEXC
KuCoin
SoDEXPhemex11.207+0.259%
Popdex11.208+0.268%Bitget11.208+0.268%Polymarket Perps11.210+0.286%GMX11.211+0.291%Lighter11.211+0.293%gTrade (Gains Network)11.211+0.293%Aster11.211+0.298%Kraken Futures11.216+0.341%Orderly11.217+0.349%Hyperliquid11.219+0.367%SunX11.225+0.424%Injective11.230+0.465%
Popdex
Bitget
Polymarket Perps
GMX
Lighter
gTrade (Gains Network)
Aster
Kraken Futures
Orderly
Hyperliquid
SunX
InjectiveAVAX on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni AVAXUSDT | −0.180% | +0.0100% | 1h | $141K | $756K | 50x | as long as short |
| Variational Omni AVAX | −0.102% | −0.0142% | 8h | $3.0M | $3.5M | — | as long as short |
| Nado AVAX-PERP | −0.008% | +0.0089% | 1h | $328K | $1.9M | 10x | as long as short |
| Paradex AVAX-USD-PERPlong | 0.000% | +0.0090% | 8h | $13K | $2K | 20x | |
| Coinbase International AVAX-PERP-INTX | +0.016% | +0.0256% | 1h | $866K | $13.0M | 50x | as long as short |
| OKX AVAX-USDT-SWAP | +0.025% | +0.0039% | 8h | $21.1M | $214.1M | 50x | as long as short |
| HTX AVAX-USDT | +0.031% | +0.0100% | 8h | $358K | $1.7M | 75x | as long as short |
| Pacifica AVAX | +0.036% | +0.0100% | 1h | $303K | $178K | 10x | as long as short |
| dYdX AVAX-USD | +0.039% | 0.0000% | 1h | $64K | $180K | 10x | as long as short |
| Binance AVAXUSDT | +0.041% | +0.0057% | 8h | $124.1M | $719.2M | 75x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo AVAX-PERP | +0.048% | +0.0096% | 1h | $257K | — | 3x | as long as short |
| BingX AVAX-USDT | +0.052% | +0.0061% | 8h | — | $113.0M | — | as long as short |
| BloFin AVAX-USDT | +0.052% | +0.0177% | 8h | $5.2M | $13.1M | 100x | as long as short |
| Extended AVAX-USD | +0.054% | +0.0104% | 1h | $715K | $2.4M | 25x | as long as short |
| Reya AVAXRUSDPERP | +0.059% | +0.0243% | 1h | $1K | — | 20x | as long as short |
| Backpack AVAX_USDC_PERP | +0.061% | −0.0003% | 1h | $304K | $658K | 15x | as long as short |
| Bybit AVAXUSDT | +0.070% | +0.0065% | 8h | $91.6M | $186.2M | 75x | as long as short |
| Gate AVAX_USDT | +0.070% | −0.0066% | 8h | $12.5M | $55.0M | 75x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | +0.070% | −0.0374% | 1h | $5.3M | $13.5M | 25x | as long as short |
| MEXC AVAX_USDT | +0.079% | +0.0056% | 8h | $49.5M | $171.9M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.079% | +0.0075% | 8h | $14.7M | $31.6M | 75x | as long as short |
| SoDEX AVAX-USD | +0.079% | +0.0028% | 1h | $19K | $119K | 10x | as long as short |
| Phemex AVAXUSDTshort | +0.079% | +0.0055% | 8h | $30.0M | $5.0M | 50x | |
| Popdex AVAXUSDT | +0.088% | +0.0096% | 1h | $11K | $1.0M | 50x | as long as short |
| Bitget AVAXUSDT | +0.088% | +0.0063% | 8h | $34.1M | $88.9M | 75x | as long as short |
| Polymarket Perps AVAX-USD | +0.106% | +0.0090% | 1h | $123K | $540K | 10x | as long as short |
| GMX AVAX/USD [AVAX-USDC] | +0.111% | L +0.0385% / S −0.0220% | 1h | $227K | — | 120x | as long as short |
| Lighter AVAX | +0.112% | +0.0096% | 1h | $1.2M | $3.8M | 10x | as long as short |
| gTrade (Gains Network) AVAX/USD | +0.113% | L +0.0002% / S −0.0002% | 1h | $27K | — | 150x | as long as short |
| Aster AVAXUSDT | +0.118% | +0.0055% | 8h | $2.3M | $3.0M | 75x | as long as short |
| Kraken Futures PF_AVAXUSD | +0.160% | −0.0085% | 1h | $4.4M | $22.0M | 50x | as long as short |
| Orderly PERP_AVAX_USDC | +0.168% | +0.0100% | 8h | $179K | $474K | 20x | as long as short |
| Hyperliquid AVAX | +0.186% | +0.0216% | 1h | $42.9M | $84.3M | 10x | as long as short |
| SunX AVAX-USDT | +0.243% | +0.0100% | 8h | $12K | $858K | 20x | as long as short |
| Injective AVAX/USDC PERP | +0.284% | −0.1461% | 1h | $17K | $48K | 12x | as long as short |