1000PEPE · Convergence Trade
Current Spread (mark)
updated 55s ago-0.096%higher than 11% of spread values(window 1D)
long $0.004275 · short $0.004271
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $0.004275· long -0.0%· short -0.1%
⚠ Spread is inverted — Phemex is cheaper than Hyperliquid. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 283 samples
Current
-0.096%
11 pct
Median
+0.002%
Average
-0.001%
P25 → P75
-0.044% … +0.045%
Range
-0.285% … +0.270%
Std dev
±0.083%
tf
LONG
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $0.004275
- Exchange Ticker
- kPEPE
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $43.50M
- 24h Vol
- $21.84M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Phemex(cex)
Phemex(cex)- Mark Price
- $0.004271
- Exchange Ticker
- u1000PEPEUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(8h)
- -22.64%
- OI
- $2.12M
- 24h Vol
- $5.75M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short283 long / 283 short samples · 2 days · auto-refresh every 30s