BTC · Convergence Trade
Current Spread (mark)
updated 4s ago-0.158%higher than 23% of spread values(window 1D)
long $81,058 · short $80,930.1
Entry Spread (order book)+0.079%on $10,000
long $80,872.41 · short $80,936.34(average execution prices, not mark)
market median $80,934.3· long +0.2%· short -0.0%
⚠ Spread is inverted — Perpl is cheaper than Phoenix. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 265 samples
Current
-0.158%
23 pct
Median
-0.050%
Average
+0.032%
P25 → P75
-0.137% … +0.119%
Range
-0.439% … +2.881%
Std dev
±0.362%
Size per leg$= $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
Phoenix(dex)
Phoenix(dex)- Mark Price
- $81,058
- Exchange Ticker
- BTC
- Taker / Maker
- 0.035% / 0.005%
- Funding APR(1h)
- -31.79%
- OI
- $3.07M
SHORT
Perpl(dex)
Perpl(dex)- Mark Price
- $80,930.1
- Exchange Ticker
- BTC
- Taker / Maker
- 0.088% / 0.05%
- Funding APR(43m)
- +0.00%
- OI
- $527.99K
- 24h Vol
- $15.18M
265 long / 264 short samples · 2 days · auto-refresh every 30s