BTC · Convergence Trade
Current Spread (mark)
updated 25s ago-0.096%higher than 66% of spread values(window 1D)
long $81,233.1 · short $81,155
Entry Spread (order book)-0.096%on $10,000
long $81,232 · short $81,153.9(average execution prices, not mark)
market median $81,229.65· long +0.0%· short -0.1%
⚠ Spread is inverted — Backpack is cheaper than Hyperliquid. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 285 samples
Current
-0.096%
66 pct
Median
-0.101%
Average
-0.103%
P25 → P75
-0.112% … -0.094%
Range
-0.151% … -0.048%
Std dev
±0.016%
Size per leg$= $20,000 total
chart range
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Live spread — order book
on size $10,000Collecting live order-book data…
Rebuilt from stored order books (last 3h) and updated every ~15s while the page is open. IN is the spread to open the position, OUT is the spread to close it; positive means the trade works in your favour. Both are walked for your position size, so they already include what depth costs you.
LONG
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $81,233.1
- Exchange Ticker
- BTC
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +6.74%
- OI
- $3367.76M
- 24h Vol
- $757.70M
SHORT
Backpack(cex)
Backpack(cex)- Mark Price
- $81,155
- Exchange Ticker
- BTC_USDC_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- +10.96%
- OI
- $43.95M
- 24h Vol
- $34.08M
285 long / 285 short samples · 2 days · auto-refresh every 30s