BTC · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 1m old-0.033%higher than 25% of spread values(window 1D)
long $82,408 · short $82,381(long 1m / short 40s old)
Entry Spread (order book)+0.080%on $10,000
long $82,493 · short $82,558.64(average execution prices, not mark)
market median $82,373.3· long +0.0%· short +0.0%
⚠ Spread is inverted — Phoenix is cheaper than Hyperliquid. Convergence trade only profits with positive spread.
Size per leg$= $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
-0.033%
25 pct
Median
+0.079%
Average
+0.092%
P25 → P75
-0.028% … +0.225%
Range
-0.592% … +0.885%
Std dev
±0.241%
tf
LONG
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $82,408
- Exchange Ticker
- BTC
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $3296.85M
- 24h Vol
- $2382.77M
SHORT
Phoenix(dex)
Phoenix(dex)- Mark Price
- $82,381
- Exchange Ticker
- BTC
- Taker / Maker
- 0.035% / 0.005%
- Funding APR(1h)
- +17.88%
- OI
- $2.76M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short272 long / 283 short samples · 2 days · auto-refresh every 30s