RENDER · Convergence Trade
Current Spread (mark)
updated 26s ago-0.445%higher than 22% of spread values(window 1D)
long $1.9148 · short $1.9063
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $1.9070· long +0.4%· short -0.0%
⚠ Spread is inverted — dYdX is cheaper than Phoenix. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 278 samples
Current
-0.445%
22 pct
Median
-0.187%
Average
-0.138%
P25 → P75
-0.417% … +0.129%
Range
-1.748% … +2.203%
Std dev
±0.555%
Size per leg$= $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
Phoenix(dex)
Phoenix(dex)- Mark Price
- $1.9148
- Exchange Ticker
- RENDER
- Taker / Maker
- 0.035% / 0.005%
- Funding APR(1h)
- +0.18%
- OI
- $42.69K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
dYdX(dex)
dYdX(dex)- Mark Price
- $1.9063
- Exchange Ticker
- RENDER-USD
- Taker / Maker
- 0.05% / 0.01%
- Funding APR(1h)
- +87.41%
- OI
- $22.98K
- 24h Vol
- $599.77
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short255 long / 258 short samples · 2 days · auto-refresh every 30s