CRCL · Convergence Trade
Current Spread (mark)
updated 1m ago-0.104%higher than 42% of spread values(window 1D)
long $60.5400 · short $60.4770(long 1m / short 54s old)
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $60.5500· long -0.0%· short -0.1%
⚠ Spread is inverted — Lighter is cheaper than Pionex. Convergence trade only profits with positive spread.
Size per leg$= $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
-0.104%
42 pct
Median
-0.096%
Average
-0.093%
P25 → P75
-0.126% … -0.065%
Range
-0.389% … +0.310%
Std dev
±0.069%
tf
LONG
Pionex(cex)
Pionex(cex)- Mark Price
- $60.5400
- Exchange Ticker
- CRCLX_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- +1.65%
- OI
- $1.61M
- 24h Vol
- $1.06M
SHORT
Lighter(dex)
Lighter(dex)- Mark Price
- $60.4770
- Exchange Ticker
- CRCL-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $1.26M
- 24h Vol
- $4.62M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short282 long / 283 short samples · 2 days · auto-refresh every 30s