BTC · Convergence Trade
Current Spread (mark)
updated 45s ago-0.010%higher than 31% of spread values(window 1D)
long $83,971.4 · short $83,963
Entry Spread (order book)+0.228%on $10,000
long $83,906.09 · short $84,097.67(average execution prices, not mark)
market median $83,925.83· long +0.1%· short +0.0%
⚠ Spread is inverted — Phoenix is cheaper than Perpl. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 285 samples
Current
-0.010%
31 pct
Median
+0.077%
Average
+0.107%
P25 → P75
-0.042% … +0.209%
Range
-1.736% … +1.306%
Std dev
±0.343%
Size per leg$= $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
Perpl(dex)
Perpl(dex)- Mark Price
- $83,971.4
- Exchange Ticker
- BTC
- Taker / Maker
- 0.088% / 0.05%
- Funding APR(43m)
- +0.00%
- OI
- $779.34K
- 24h Vol
- $15.17M
SHORT
Phoenix(dex)
Phoenix(dex)- Mark Price
- $83,963
- Exchange Ticker
- BTC
- Taker / Maker
- 0.035% / 0.005%
- Funding APR(1h)
- +20.98%
- OI
- $2.51M
285 long / 285 short samples · 2 days · auto-refresh every 30s