BRENT · Convergence Trade
Current Spread (mark)
updated 1m ago-0.071%higher than 3% of spread values(window 1D)
long $98.5800 · short $98.5100(long 1m / short 1m old)
Entry Spread (order book)-0.411%on $10,000thin book — size does not fully fill
long $98.5800 · short $98.1744(average execution prices, not mark)
market median $98.5850· long -0.0%· short -0.1%
⚠ Spread is inverted — Phemex is cheaper than Pionex. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 280 samples
Current
-0.071%
3 pct
Median
+0.026%
Average
+0.059%
P25 → P75
-0.002% … +0.086%
Range
-0.170% … +0.409%
Std dev
±0.097%
Size per leg$= $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
Pionex(cex)
Pionex(cex)- Mark Price
- $98.5800
- Exchange Ticker
- BRENTOIL_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +0.02%
- OI
- $2.49M
- 24h Vol
- $2.03M
SHORT
Phemex(cex)
Phemex(cex)- Mark Price
- $98.5100
- Exchange Ticker
- XBRUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(4h)
- +0.00%
- OI
- $1.19M
- 24h Vol
- $56.74K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short280 long / 280 short samples · 1 day · auto-refresh every 30s