MSTR · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 4m old-0.012%higher than 13% of spread values(window 1D)
long $160.6700 · short $160.6500(long 4m / short 4m old)
Entry Spread (order book)-0.079%on $10,000
long $160.9468 · short $160.8200(average execution prices, not mark)
market median $160.6700· long +0.0%· short -0.0%
⚠ Spread is inverted — Pionex is cheaper than Lighter. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 258 samples
Current
-0.012%
13 pct
Median
+0.056%
Average
+0.054%
P25 → P75
+0.014% … +0.091%
Range
-0.111% … +0.241%
Std dev
±0.059%
Size per leg$= $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
Lighter(dex)
Lighter(dex)- Mark Price
- $160.6700
- Exchange Ticker
- MSTR-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- -83.28%
- OI
- $3.44M
- 24h Vol
- $2.37M
SHORT
Pionex(cex)
Pionex(cex)- Mark Price
- $160.6500
- Exchange Ticker
- MSTRX_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- +2.19%
- OI
- $7.78M
- 24h Vol
- $6.07M
231 long / 231 short samples · 1 day · auto-refresh every 30s