CRCL · Convergence Trade
Current Spread (mark)
updated 11s ago-0.078%higher than 13% of spread values(window 1D)
long $88.9700 · short $88.9010
Entry Spread (order book)-0.401%on $10,000
long $89.3170 · short $88.9589(average execution prices, not mark)
market median $88.7300· long +0.3%· short +0.2%
⚠ Spread is inverted — Lighter is cheaper than Phemex. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 237 samples
Current
-0.078%
13 pct
Median
-0.042%
Average
-0.043%
P25 → P75
-0.066% … -0.023%
Range
-0.205% … +0.104%
Std dev
±0.036%
Size per leg$= $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
- $88.9700
- Exchange Ticker
- CRCLUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(4h)
- +0.00%
- OI
- $1.01M
- 24h Vol
- $52.17K
SHORT
Lighter(dex)
Lighter(dex)- Mark Price
- $88.9010
- Exchange Ticker
- CRCL-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- -156.91%
- OI
- $1.21M
- 24h Vol
- $1.42M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short235 long / 233 short samples · 1 day · auto-refresh every 30s