OPENAI · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 5m old-0.594%higher than 76% of spread values(window 1D)
long $1,588.89 · short $1,579.45(long 3m / short 5m old)
Entry Spread (order book)-0.826%on $10,000
long $1,589.84 · short $1,576.71(average execution prices, not mark)
market median $1,585.74· long +0.2%· short -0.4%
⚠ Spread is inverted — Hotcoin is cheaper than Variational. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 282 samples
Current
-0.594%
76 pct
Median
-0.666%
Average
-0.681%
P25 → P75
-0.761% … -0.597%
Range
-1.036% … -0.315%
Std dev
±0.120%
Size per leg$= $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
Variational(dex)
Variational(dex)- Mark Price
- $1,588.89
- Exchange Ticker
- OPENAI
- Taker / Maker
- 0% / 0%
- Funding APR(8h)
- +5.48%
- OI
- $1.14M
- 24h Vol
- $1.11M
SHORT
Hotcoin(cex)
Hotcoin(cex)- Mark Price
- $1,579.45
- Exchange Ticker
- OPENAIUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- +5.48%
- OI
- $3.01M
- 24h Vol
- $4.27M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short256 long / 259 short samples · 2 days · auto-refresh every 30s