CRCL · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 6m old-0.034%higher than 17% of spread values(window 1D)
long $88.7400 · short $88.7100(long 6m / short 6m old)
Entry Spread (order book)-0.426%on $10,000
long $89.1776 · short $88.7981(average execution prices, not mark)
market median $88.7100· long +0.0%· short +0.0%
⚠ Spread is inverted — Bybit is cheaper than Phemex. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 235 samples
Current
-0.034%
17 pct
Median
+0.000%
Average
-0.006%
P25 → P75
-0.033% … +0.011%
Range
-0.134% … +0.146%
Std dev
±0.036%
Size per leg$= $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
Phemex(cex)
Phemex(cex)- Mark Price
- $88.7400
- Exchange Ticker
- CRCLUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(4h)
- +0.00%
- OI
- $1.00M
- 24h Vol
- $52.36K
SHORT
Bybit(cex)
Bybit(cex)- Mark Price
- $88.7100
- Exchange Ticker
- CRCLUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(8h)
- +0.00%
- OI
- $15.36M
- 24h Vol
- $3.60M
233 long / 233 short samples · 1 day · auto-refresh every 30s