1000PEPE · Convergence Trade
Current Spread (mark)
updated 36s ago-0.037%higher than 66% of spread values(window 1D)
long $0.004913 · short $0.004911
Entry Spread (order book)-0.269%on $10,000
long $0.004924 · short $0.004911(average execution prices, not mark)
market median $0.004910· long +0.1%· short +0.0%
⚠ Spread is inverted — Backpack is cheaper than Lighter. Convergence trade only profits with positive spread.
Size per leg$= $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 · 285 samples
Current
-0.037%
66 pct
Median
-0.058%
Average
-0.070%
P25 → P75
-0.108% … -0.018%
Range
-0.549% … +0.157%
Std dev
±0.088%
tf
LONG
Lighter(dex)
Lighter(dex)- Mark Price
- $0.004913
- Exchange Ticker
- 1000PEPE-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +10.52%
- OI
- $750.11K
- 24h Vol
- $525.15K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Backpack(cex)
Backpack(cex)- Mark Price
- $0.004911
- Exchange Ticker
- kPEPE_USDC_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- +25.82%
- OI
- $153.92K
- 24h Vol
- $139.22K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short285 long / 285 short samples · 2 days · auto-refresh every 30s