PAXG · Convergence Trade
Current Spread (mark)
updated 15s ago-0.019%higher than 27% of spread values(window 1D)
long $4,180.43 · short $4,179.64
Entry Spread (order book)-0.068%on $10,000
long $4,181.3 · short $4,178.46(average execution prices, not mark)
market median $4,182.34· long -0.0%· short -0.1%
⚠ Spread is inverted — Variational is cheaper than Lighter. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 284 samples
Current
-0.019%
27 pct
Median
-0.003%
Average
-0.005%
P25 → P75
-0.020% … +0.010%
Range
-0.139% … +0.102%
Std dev
±0.029%
Size per leg$= $20,000 total
chart range
Loading Mark Prices…
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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
- $4,180.43
- Exchange Ticker
- PAXG-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- -5.26%
- OI
- $1.66M
- 24h Vol
- $371.73K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Variational(dex)
Variational(dex)- Mark Price
- $4,179.64
- Exchange Ticker
- PAXG
- Taker / Maker
- 0% / 0%
- Funding APR(4h)
- +10.96%
- OI
- $11.36M
- 24h Vol
- $24.66K
284 long / 284 short samples · 2 days · auto-refresh every 30s