OPENAI · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 4m old-4.522%higher than 32% of spread values(window 1D)
long $1,665.1 · short $1,589.81(long 2m / short 4m old)
Entry Spread (order book)-6.394%on $10,000
long $1,698.26 · short $1,589.66(average execution prices, not mark)
market median $1,589.64· long +4.7%· short +0.0%
⚠ Spread is inverted — Variational is cheaper than Lighter. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 277 samples
Current
-4.522%
32 pct
Median
-4.087%
Average
-4.763%
P25 → P75
-6.488% … -3.739%
Range
-7.201% … -2.881%
Std dev
±1.386%
Size per leg$= $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
Lighter(dex)
Lighter(dex)- Mark Price
- $1,665.1
- Exchange Ticker
- OPENAI-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +21.04%
- OI
- $1.42M
- 24h Vol
- $264.47K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Variational(dex)
Variational(dex)- Mark Price
- $1,589.81
- Exchange Ticker
- OPENAI
- Taker / Maker
- 0% / 0%
- Funding APR(8h)
- +5.48%
- OI
- $1.15M
- 24h Vol
- $1.16M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short259 long / 255 short samples · 2 days · auto-refresh every 30s