TAO · Convergence Trade
Current Spread (mark)
updated 49s ago-0.029%higher than 32% of spread values(window 1D)
long $207.7400 · short $207.6800
Entry Spread (order book)-0.062%on $10,000
long $207.7817 · short $207.6522(average execution prices, not mark)
market median $207.7000· long +0.0%· short -0.0%
⚠ Spread is inverted — Hyperliquid is cheaper than Phemex. Convergence trade only profits with positive spread.
Size per leg$= $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 · 283 samples
Current
-0.029%
32 pct
Median
-0.009%
Average
-0.016%
P25 → P75
-0.042% … +0.018%
Range
-0.393% … +0.170%
Std dev
±0.060%
tf
LONG
Phemex(cex)
Phemex(cex)- Mark Price
- $207.7400
- Exchange Ticker
- TAOUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(4h)
- +4.75%
- OI
- $2.32M
- 24h Vol
- $7.44M
SHORT
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $207.6800
- Exchange Ticker
- TAO
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $24.22M
- 24h Vol
- $5.54M
283 long / 283 short samples · 2 days · auto-refresh every 30s