MORPHO · Convergence Trade
Current Spread (mark)
updated 23s ago-0.052%higher than 30% of spread values(window 1D)
long $2.7040 · short $2.7026
Entry Spread (order book)-0.327%on $10,000
long $2.7096 · short $2.7007(average execution prices, not mark)
market median $2.7084· long -0.2%· short -0.2%
⚠ Spread is inverted — Variational is cheaper than Bybit. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 234 samples
Current
-0.052%
30 pct
Median
-0.020%
Average
-0.027%
P25 → P75
-0.061% … +0.018%
Range
-0.740% … +0.644%
Std dev
±0.119%
Size per leg$= $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
Bybit(cex)
Bybit(cex)- Mark Price
- $2.7040
- Exchange Ticker
- MORPHOUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(4h)
- +10.96%
- OI
- $8.56M
- 24h Vol
- $5.10M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Variational(dex)
Variational(dex)- Mark Price
- $2.7026
- Exchange Ticker
- MORPHO
- Taker / Maker
- 0% / 0%
- Funding APR(4h)
- +10.96%
- OI
- $529.23K
- 24h Vol
- $228.13K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short234 long / 234 short samples · 2 days · auto-refresh every 30s