ETH · Convergence Trade
Current Spread (mark)
updated 34s ago-0.060%higher than 44% of spread values(window 1D)
long $2,506.3 · short $2,504.8
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $2,504.98· long +0.1%· short -0.0%
⚠ Spread is inverted — Hyperliquid is cheaper than Phoenix. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 285 samples
Current
-0.060%
44 pct
Median
-0.046%
Average
-0.043%
P25 → P75
-0.104% … +0.012%
Range
-0.327% … +0.548%
Std dev
±0.111%
Size per leg$= $20,000 total
chart range
Loading Mark Prices…
Loading Price Spread…
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
- $2,506.3
- Exchange Ticker
- ETH
- Taker / Maker
- 0.035% / 0.005%
- Funding APR(1h)
- -1.05%
- OI
- $1.15M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $2,504.8
- Exchange Ticker
- ETH
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +6.85%
- OI
- $1420.60M
- 24h Vol
- $960.48M
285 long / 285 short samples · 2 days · auto-refresh every 30s