ZRO · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 3m old-0.575%higher than 9% of spread values(window 1D)
long $1.8612 · short $1.8505(long 3m / short 56s old)
Entry Spread (order book)-0.916%on $10,000
long $1.8629 · short $1.8458(average execution prices, not mark)
market median $1.8519· long +0.5%· short -0.1%
⚠ Spread is inverted — Hyperliquid is cheaper than Lighter. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 285 samples
Current
-0.575%
9 pct
Median
-0.060%
Average
-0.048%
P25 → P75
-0.259% … +0.157%
Range
-1.532% … +1.568%
Std dev
±0.423%
Size per leg$= $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(dex)
- Mark Price
- $1.8612
- Exchange Ticker
- ZRO-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +23.67%
- OI
- $6.97M
- 24h Vol
- $1.86M
SHORT
Hyperliquid(dex)
- Mark Price
- $1.8505
- Exchange Ticker
- ZRO
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +55.72%
- OI
- $40.06M
- 24h Vol
- $34.19M
262 long / 285 short samples · 2 days · auto-refresh every 30s