ZEC · Convergence Trade
Current Spread (mark)
updated 19s ago-0.111%higher than 56% of spread values(window 1D)
long $1,122.4 · short $1,121.16
Entry Spread (order book)-0.121%on $10,000
long $1,122.27 · short $1,120.91(average execution prices, not mark)
market median $1,122.2· long +0.0%· short -0.1%
⚠ Spread is inverted — Backpack is cheaper than Hyperliquid. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 285 samples
Current
-0.111%
56 pct
Median
-0.118%
Average
-0.111%
P25 → P75
-0.145% … -0.074%
Range
-0.401% … +0.284%
Std dev
±0.072%
Size per leg$= $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
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $1,122.4
- Exchange Ticker
- ZEC
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $536.68M
- 24h Vol
- $164.93M
SHORT
Backpack(cex)
Backpack(cex)- Mark Price
- $1,121.16
- Exchange Ticker
- ZEC_USDC_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- +10.96%
- OI
- $1.81M
- 24h Vol
- $981.85K
285 long / 285 short samples · 2 days · auto-refresh every 30s