BTC · Convergence Trade
Current Spread (mark)
updated 58s ago-0.008%higher than 48% of spread values(window 1D)
long $78,176 · short $78,169.5
Entry Spread (order book)-0.019%on $10,000
long $77,949 · short $77,934.4(average execution prices, not mark)
market median $78,158.39· long +0.0%· short +0.0%
⚠ Spread is inverted — Lighter is cheaper than Hyperliquid. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 282 samples
Current
-0.008%
48 pct
Median
-0.007%
Average
-0.007%
P25 → P75
-0.013% … -0.001%
Range
-0.048% … +0.069%
Std dev
±0.011%
Size per leg$= $20,000 total
chart range
Loading Mark Prices…
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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
- $78,176
- Exchange Ticker
- BTC
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $2861.33M
- 24h Vol
- $1895.79M
SHORT
Lighter(dex)
Lighter(dex)- Mark Price
- $78,169.5
- Exchange Ticker
- BTC-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +10.52%
- OI
- $162.97M
- 24h Vol
- $675.99M
282 long / 282 short samples · 2 days · auto-refresh every 30s