After costs, if the gap returns to its 7d average, $10k−$38
spread now+0.054%7d average+0.016%fees + slippage, in and out−$42spread needed0.416%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex AVAXUSDT | 11.198 | 0.0022 | pay 0.0022% / 8h | 7m 42s | $30.0M | $4.8M | 50x |
| Short | Hyperliquid AVAX | 11.204 | 0.0151 | get 0.0019% / 1h | 7m 42s | $43.2M | $68.9M | 10x |
Phemex AVAXUSDT
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
- $5.36
- Funding while held
- $3.89
- Slippage, 4 orders
- −$20.63
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$32.38
- Spread needed to break even
- 0.416%
Slippage from Phemex: live order book, 3 min ago; Hyperliquid: live order book, 7 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0130%
- Per $10,000 a day
- +$3.89
- 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 Phemex live order book, 3 min ago | 4.03 bp | 15.2 bp −$15 | 26.3 bp −$263 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 0.45 bp | 4.9 bp −$5 | 7.3 bp −$73 | doesn't fit | doesn't fit |
AVAX price on every exchange
against the cheapest. Click to use as the short leg.Injective11.170cheapestBybit11.181+0.098%Extended11.184+0.123%BingX11.184+0.125%Bitget11.186+0.143%Variational Omni11.187+0.152%OKX11.187+0.152%Gate11.187+0.152%Reya11.188+0.162%Paradex11.189+0.167%Lighter11.189+0.168%Binance11.189+0.169%Aster11.190+0.179%MEXC11.190+0.179%Backpack11.190+0.179%SoDEX11.190+0.179%BloFin11.190+0.179%Deribit11.192+0.197%KuCoin11.193+0.206%Aevo11.194+0.215%Pacifica11.194+0.216%dYdX11.196+0.237%ApeX Omni11.197+0.242%HTX11.197+0.245%Orderly11.198+0.251%Coinbase International11.198+0.251%
Injective
Bybit
Extended
BingX
Bitget
Variational Omni
OKX
Gate
Reya
Paradex
Lighter
Binance
Aster
MEXC
Backpack
SoDEX
BloFin
Deribit
KuCoin
Aevo
Pacifica
dYdX
ApeX Omni
HTX
Orderly
Coinbase InternationalPhemex11.198+0.251%
GMX11.198+0.254%gTrade (Gains Network)11.199+0.260%Nado11.200+0.264%Popdex11.201+0.278%Kraken Futures11.202+0.286%
GMX
gTrade (Gains Network)
Nado
Popdex
Kraken FuturesHyperliquid11.204+0.304%
Polymarket Perps11.204+0.304%SunX11.220+0.446%
Polymarket Perps
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 | −0.250% | −0.0022% | 1h | $17K | $79K | 12x | as long as short |
| Bybit AVAXUSDT | −0.152% | −0.0048% | 8h | $87.8M | $170.0M | 75x | as long as short |
| Extended AVAX-USD | −0.127% | +0.0104% | 1h | $661K | $2.4M | 25x | as long as short |
| BingX AVAX-USDC | −0.125% | +0.0066% | 8h | — | $6.6M | — | as long as short |
| Bitget AVAXUSDT | −0.107% | +0.0067% | 8h | $35.0M | $76.2M | 75x | as long as short |
| Variational Omni AVAX | −0.098% | −0.0204% | 8h | $3.0M | $3.1M | — | as long as short |
| OKX AVAX-USDT-SWAP | −0.098% | +0.0002% | 8h | $20.9M | $179.1M | 50x | as long as short |
| Gate AVAX_USDT | −0.098% | −0.0066% | 8h | $12.5M | $50.3M | 75x | as long as short |
| Reya AVAXRUSDPERP | −0.089% | +0.0243% | 1h | $1K | — | 20x | as long as short |
| Paradex AVAX-USD-PERP | −0.083% | +0.0055% | 8h | $13K | $2K | 20x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter AVAX | −0.082% | +0.0096% | 1h | $1.3M | $3.3M | 10x | as long as short |
| Binance AVAXUSDT | −0.082% | +0.0019% | 8h | $122.1M | $651.5M | 75x | as long as short |
| Aster AVAXUSDT | −0.071% | +0.0036% | 8h | $2.3M | $2.7M | 75x | as long as short |
| MEXC AVAX_USDT | −0.071% | +0.0018% | 8h | $55.5M | $161.4M | 200x | as long as short |
| Backpack AVAX_USDC_PERP | −0.071% | +0.0079% | 1h | $321K | $611K | 15x | as long as short |
| SoDEX AVAX-USD | −0.071% | −0.0172% | 1h | $19K | $76K | 10x | as long as short |
| BloFin AVAX-USDT | −0.071% | +0.0075% | 8h | $5.3M | $11.6M | 100x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | −0.054% | −0.0286% | 1h | $5.3M | $12.0M | 25x | as long as short |
| KuCoin AVAXUSDTM | −0.045% | +0.0100% | 8h | $15.4M | $27.5M | 75x | as long as short |
| Aevo AVAX-PERP | −0.036% | +0.0088% | 1h | $257K | — | 3x | as long as short |
| Pacifica AVAX | −0.035% | +0.0100% | 1h | $302K | $137K | 10x | as long as short |
| dYdX AVAX-USD | −0.014% | 0.0000% | 1h | $64K | $175K | 10x | as long as short |
| ApeX Omni AVAXUSDT | −0.009% | +0.0100% | 1h | $140K | $737K | 50x | as long as short |
| HTX AVAX-USDT | −0.005% | +0.0100% | 8h | $361K | $1.4M | 75x | as long as short |
| Orderly PERP_AVAX_USDC | 0.000% | +0.0100% | 8h | $197K | $404K | 20x | as long as short |
| Coinbase International AVAX-PERP-INTX | 0.000% | +0.0176% | 1h | $854K | $10.8M | 50x | as long as short |
| Phemex AVAXUSDTlong | 0.000% | +0.0022% | 8h | $30.0M | $4.8M | 50x | |
| GMX AVAX/USD [AVAX-USDC] | +0.003% | L +0.0403% / S −0.0236% | 1h | $237K | — | 120x | as long as short |
| gTrade (Gains Network) AVAX/USD | +0.009% | L +0.0002% / S −0.0003% | 1h | $13K | — | 150x | as long as short |
| Nado AVAX-PERP | +0.013% | +0.0074% | 1h | $316K | $1.4M | 10x | as long as short |
| Popdex AVAXUSDT | +0.027% | +0.0096% | 1h | $16K | $908K | 50x | as long as short |
| Kraken Futures PF_AVAXUSD | +0.035% | +0.0241% | 1h | $4.5M | $18.2M | 50x | as long as short |
| Hyperliquid AVAXshort | +0.054% | +0.0151% | 1h | $43.2M | $68.9M | 10x | |
| Polymarket Perps AVAX-USD | +0.054% | +0.0017% | 1h | $111K | $513K | 10x | as long as short |
| SunX AVAX-USDT | +0.195% | +0.0100% | 8h | $12K | $714K | 20x | as long as short |