TRX · Convergence Trade
Current Spread (mark)
updated 33s ago-0.019%higher than 28% of spread values(window 1D)
long $0.3131 · short $0.3131
Entry Spread (order book)-0.052%on $10,000
long $0.3132 · short $0.3130(average execution prices, not mark)
market median $0.3131· long +0.0%· short -0.0%
⚠ Spread is inverted — Hyperliquid is cheaper than Phemex. Convergence trade only profits with positive spread.
Size per leg$= $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
-0.019%
28 pct
Median
-0.010%
Average
-0.010%
P25 → P75
-0.019% … +0.000%
Range
-0.070% … +0.029%
Std dev
±0.015%
tf
LONG
Phemex(cex)
Phemex(cex)- Mark Price
- $0.3131
- Exchange Ticker
- TRXUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(8h)
- +9.96%
- OI
- $3.35M
- 24h Vol
- $862.09K
SHORT
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $0.3131
- Exchange Ticker
- TRX
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- -31.81%
- OI
- $11.78M
- 24h Vol
- $1.25M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short283 long / 283 short samples · 2 days · auto-refresh every 30s