PYTH · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 5m old-0.244%higher than 4% of spread values(window 1D)
long $0.07420 · short $0.07402(long 5m / short 3m old)
Entry Spread (order book)-1.103%on $10,000
long $0.07406 · short $0.07324(average execution prices, not mark)
market median $0.07401· long +0.3%· short +0.0%
⚠ Spread is inverted — Crypto.com is cheaper than Backpack. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 277 samples
Current
-0.244%
4 pct
Median
+0.030%
Average
+0.040%
P25 → P75
-0.047% … +0.110%
Range
-0.789% … +0.688%
Std dev
±0.173%
Size per leg$= $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
Backpack(cex)
Backpack(cex)- Mark Price
- $0.07420
- Exchange Ticker
- PYTH_USDC_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- -80.56%
- OI
- $31.75K
- 24h Vol
- $118.01K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Crypto.com(cex)
Crypto.com(cex)- Mark Price
- $0.07402
- Exchange Ticker
- PYTHUSD-PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- +63.14%
- OI
- $91.12K
- 24h Vol
- $1.39K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short244 long / 251 short samples · 2 days · auto-refresh every 30s