HOOD · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 5m old-0.028%higher than 56% of spread values(window 1D)
long $118.7614 · short $118.7280(long 5m / short 5m old)
Entry Spread (order book)-0.085%on $10,000
long $119.0260 · short $118.9254(average execution prices, not mark)
market median $118.7550· long +0.0%· short -0.0%
⚠ Spread is inverted — Lighter is cheaper than grvt. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 233 samples
Current
-0.028%
56 pct
Median
-0.030%
Average
-0.030%
P25 → P75
-0.044% … -0.018%
Range
-0.119% … +0.323%
Std dev
±0.032%
Size per leg$= $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
grvt(dex)
grvt(dex)- Mark Price
- $118.7614
- Exchange Ticker
- HOOD_USDT_Perp
- Taker / Maker
- 0.05% / 0.01%
- Funding APR(8h)
- -4.05%
- OI
- $835.39K
- 24h Vol
- $2.17M
SHORT
Lighter(dex)
Lighter(dex)- Mark Price
- $118.7280
- Exchange Ticker
- HOOD-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- -70.13%
- OI
- $1.90M
- 24h Vol
- $1.83M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short233 long / 231 short samples · 1 day · auto-refresh every 30s