MSTR · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 6m old-0.035%higher than 61% of spread values(window 1D)
long $130.9600 · short $130.9140(long 6m / short 4m old)
Entry Spread (order book)-0.224%on $10,000
long $131.2500 · short $130.9565(average execution prices, not mark)
market median $130.6700· long +0.2%· short +0.2%
⚠ Spread is inverted — Phoenix is cheaper than Toobit. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 260 samples
Current
-0.035%
61 pct
Median
-0.148%
Average
-0.141%
P25 → P75
-0.481% … +0.139%
Range
-1.262% … +1.818%
Std dev
±0.525%
Size per leg$= $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
Toobit(cex)
Toobit(cex)- Mark Price
- $130.9600
- Exchange Ticker
- MSTR-SWAP-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- +0.00%
- OI
- $108.34K
- 24h Vol
- $74.84M
SHORT
Phoenix(dex)
Phoenix(dex)- Mark Price
- $130.9140
- Exchange Ticker
- MSTR
- Taker / Maker
- 0.035% / 0.005%
- Funding APR(1h)
- +0.14%
- OI
- $42.93K
207 long / 202 short samples · 2 days · auto-refresh every 30s