MON · Convergence Trade
Current Spread
updated 0s ago-0.481%
long $0.02204 · short $0.02194(long 13s / short 8m old)
market median $0.02199· long +0.2%· short -0.3%
⚠ Spread is inverted — Backpack is cheaper than Bybit. Convergence trade only profits with positive spread.
Profit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 275 samples
Current
-0.481%
0 pct
Median
+0.047%
Average
+0.048%
P25 → P75
-0.019% … +0.099%
Range
-0.353% … +0.724%
Std dev
±0.141%
Size$
chart range
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LONG
Bybit(cex)
Bybit(cex)- Mark Price
- $0.02204
- Exchange Ticker
- MONUSDT
- Taker / Maker
- 5.5 / 2 bps
- Funding APR(8h)
- +10.95%
- OI
- $11.99M
- 24h Vol
- $3.27M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Backpack(cex)
Backpack(cex)- Mark Price
- $0.02194
- Exchange Ticker
- MON_USDC_PERP
- Taker / Maker
- 5 / 2 bps
- Funding APR(1h)
- +118.24%
- OI
- $211.59K
- 24h Vol
- $150.69K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short259 long / 215 short samples · 2 days · auto-refresh every 30s