After costs, if the gap returns to its 7d average, $10k−$25
spread now+0.056%7d average−0.069%fees + slippage, in and out−$38spread needed0.380%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex AVAXUSDT | 11.012 | −0.0087 | get 0.0087% / 8h | 6h 54m | $29.5M | $4.8M | 50x |
| Short | Lighter AVAX | 11.018 | 0.0096 | get 0.0012% / 1h | 54m 54s | $1.3M | $3.1M | 10x |
Phemex AVAXUSDT
Lighter 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
- $5.63
- Funding while held
- $5.49
- Slippage, 4 orders
- −$25.95
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$26.83
- Spread needed to break even
- 0.380%
Slippage from Phemex: live order book, 6 min ago; Lighter: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0183%
- Per $10,000 a day
- +$5.49
- 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, 6 min ago | 3.16 bp | 18.0 bp −$18 | 25.9 bp −$259 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 1.49 bp | 2.2 bp −$2 | 10.2 bp −$102 | 80.9 bp −$8,090 | doesn't fit |
AVAX price on every exchange
against the cheapest. Click to use as the short leg.Reya11.009cheapestBybit11.010+0.007%OKX11.010+0.007%Extended11.011+0.014%BingX11.012+0.025%
Reya
Bybit
OKX
Extended
BingXPhemex11.012+0.025%
Aster11.012+0.026%Bitget11.013+0.034%BloFin11.013+0.034%HTX11.013+0.035%Binance11.014+0.043%Gate11.015+0.052%MEXC11.015+0.052%Nado11.015+0.054%Aevo11.016+0.058%SoDEX11.016+0.061%KuCoin11.017+0.070%Popdex11.018+0.079%Polymarket Perps11.018+0.079%Deribit11.018+0.079%
Aster
Bitget
BloFin
HTX
Binance
Gate
MEXC
Nado
Aevo
SoDEX
KuCoin
Popdex
Polymarket Perps
DeribitLighter11.018+0.081%
Backpack11.019+0.088%Paradex11.021+0.104%Pacifica11.021+0.106%GMX11.021+0.107%gTrade (Gains Network)11.024+0.134%dYdX11.027+0.158%Hyperliquid11.027+0.161%Orderly11.027+0.161%Coinbase International11.029+0.179%Kraken Futures11.029+0.179%Variational Omni11.039+0.270%SunX11.046+0.334%ApeX Omni11.066+0.515%Injective11.170+1.460%
Backpack
Paradex
Pacifica
GMX
gTrade (Gains Network)
dYdX
Hyperliquid
Orderly
Coinbase International
Kraken Futures
Variational Omni
SunX
ApeX Omni
InjectiveAVAX on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya AVAXRUSDPERP | −0.025% | +0.0243% | 1h | $1K | — | 20x | as long as short |
| Bybit AVAXUSDT | −0.018% | −0.0238% | 8h | $87.3M | $157.0M | 75x | as long as short |
| OKX AVAX-USDT-SWAP | −0.018% | −0.0027% | 8h | $20.4M | $154.5M | 50x | as long as short |
| Extended AVAX-USD | −0.011% | +0.0104% | 1h | $634K | $2.3M | 25x | as long as short |
| BingX AVAX-USDC | 0.000% | +0.0065% | 8h | — | $6.6M | — | as long as short |
| Phemex AVAXUSDTlong | 0.000% | −0.0087% | 8h | $29.5M | $4.8M | 50x | |
| Aster AVAXUSDT | +0.001% | −0.0002% | 8h | $2.3M | $2.5M | 75x | as long as short |
| Bitget AVAXUSDT | +0.009% | +0.0064% | 8h | $34.2M | $66.2M | 75x | as long as short |
| BloFin AVAX-USDT | +0.009% | +0.0023% | 8h | $5.1M | $9.7M | 100x | as long as short |
| HTX AVAX-USDT | +0.010% | +0.0100% | 8h | $349K | $1.4M | 75x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance AVAXUSDT | +0.018% | +0.0006% | 8h | $119.5M | $582.6M | 75x | as long as short |
| Gate AVAX_USDT | +0.027% | −0.0007% | 8h | $12.2M | $41.7M | 75x | as long as short |
| MEXC AVAX_USDT | +0.027% | +0.0006% | 8h | $52.3M | $131.8M | 200x | as long as short |
| Nado AVAX-PERP | +0.030% | +0.0021% | 1h | $308K | $1.1M | 10x | as long as short |
| Aevo AVAX-PERP | +0.033% | +0.0080% | 1h | $253K | — | 3x | as long as short |
| SoDEX AVAX-USD | +0.036% | −0.0174% | 1h | $19K | $75K | 10x | as long as short |
| KuCoin AVAXUSDTM | +0.045% | +0.0100% | 8h | $14.8M | $25.4M | 75x | as long as short |
| Popdex AVAXUSDT | +0.054% | +0.0096% | 1h | $16K | $790K | 50x | as long as short |
| Polymarket Perps AVAX-USD | +0.054% | +0.0005% | 1h | $109K | $503K | 10x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | +0.054% | −0.0385% | 1h | $5.2M | $10.5M | 25x | as long as short |
| Lighter AVAXshort | +0.056% | +0.0096% | 1h | $1.3M | $3.1M | 10x | |
| Backpack AVAX_USDC_PERP | +0.064% | −0.0097% | 1h | $311K | $562K | 15x | as long as short |
| Paradex AVAX-USD-PERP | +0.079% | +0.0070% | 8h | $13K | $1K | 20x | as long as short |
| Pacifica AVAX | +0.082% | +0.0100% | 1h | $298K | $137K | 10x | as long as short |
| GMX AVAX/USD [AVAX-USDC] | +0.082% | L +0.0418% / S −0.0250% | 1h | $241K | — | 120x | as long as short |
| gTrade (Gains Network) AVAX/USD | +0.109% | L +0.0002% / S −0.0003% | 1h | $12K | — | 150x | as long as short |
| dYdX AVAX-USD | +0.133% | 0.0000% | 1h | $63K | $157K | 10x | as long as short |
| Hyperliquid AVAX | +0.136% | +0.0100% | 1h | $42.4M | $61.0M | 10x | as long as short |
| Orderly PERP_AVAX_USDC | +0.136% | +0.0100% | 8h | $194K | $403K | 20x | as long as short |
| Coinbase International AVAX-PERP-INTX | +0.154% | +0.0064% | 1h | $858K | $9.1M | 50x | as long as short |
| Kraken Futures PF_AVAXUSD | +0.155% | +0.0247% | 1h | $4.4M | $14.9M | 50x | as long as short |
| Variational Omni AVAX | +0.245% | −0.0272% | 8h | $2.9M | $2.2M | — | as long as short |
| SunX AVAX-USDT | +0.309% | +0.0100% | 8h | $12K | $672K | 20x | as long as short |
| ApeX Omni AVAXUSDT | +0.490% | +0.0100% | 1h | $138K | $705K | 50x | as long as short |
| Injective AVAX/USDC PERP | +1.435% | +0.0033% | 1h | $17K | $35K | 12x | as long as short |