ICP · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 5m old-0.031%higher than 27% of spread values(window 1D)
long $3.2590 · short $3.2580(long 4m / short 5m old)
Entry Spread (order book)-0.652%on $10,000thin book — size does not fully fill
long $3.2846 · short $3.2632(average execution prices, not mark)
market median $3.2590· long +0.0%· short -0.0%
⚠ Spread is inverted — BloFin is cheaper than Phemex. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 282 samples
Current
-0.031%
27 pct
Median
+0.060%
Average
+0.061%
P25 → P75
-0.059% … +0.184%
Range
-0.898% … +1.069%
Std dev
±0.206%
Size per leg$= $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
Phemex(cex)
Phemex(cex)- Mark Price
- $3.2590
- Exchange Ticker
- ICPUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(8h)
- -51.44%
- OI
- $1.71M
- 24h Vol
- $600.46K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
BloFin(cex)
BloFin(cex)- Mark Price
- $3.2580
- Exchange Ticker
- ICP-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- +18.53%
- OI
- $1.38M
- 24h Vol
- $743.17K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short258 long / 256 short samples · 2 days · auto-refresh every 30s