SPY · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 2m old-0.116%higher than 93% of spread values(window 1D)
long $770.2000 · short $769.3100(long 2m / short 2m old)
Entry Spread (order book)-0.106%on $10,000
long $770.3300 · short $769.5151(average execution prices, not mark)
market median $769.8900· long +0.0%· short -0.1%
⚠ Spread is inverted — Coinbase International is cheaper than Lighter Robinhood. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 235 samples
Current
-0.116%
93 pct
Median
-0.153%
Average
-0.152%
P25 → P75
-0.166% … -0.141%
Range
-0.197% … -0.057%
Std dev
±0.021%
Size per leg$= $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 Robinhood(dex)
Lighter Robinhood(dex)- Mark Price
- $770.2000
- Exchange Ticker
- SPY-USDG
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $51.84M
- 24h Vol
- $52.26M
SHORT
Coinbase International(cex)
Coinbase International(cex)- Mark Price
- $769.3100
- Exchange Ticker
- SPY-PERP
- Taker / Maker
- 0.04% / 0.02%
- Funding APR(1h)
- +36.82%
- OI
- $825.71K
- 24h Vol
- $193.65K
235 long / 235 short samples · 1 day · auto-refresh every 30s