ICP · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 5m old-0.031%higher than 22% of spread values(window 1D)
long $3.2590 · short $3.2580(long 5m / short 4m old)
Entry Spread (order book)-0.665%on $10,000thin book — size does not fully fill
long $3.2850 · short $3.2631(average execution prices, not mark)
market median $3.2592· long -0.0%· short -0.0%
⚠ Spread is inverted — MEXC is cheaper than Phemex. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 282 samples
Current
-0.031%
22 pct
Median
+0.091%
Average
+0.083%
P25 → P75
-0.030% … +0.210%
Range
-0.796% … +0.646%
Std dev
±0.191%
Size per leg$= $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
MEXC(cex)
MEXC(cex)- Mark Price
- $3.2580
- Exchange Ticker
- ICP_USDT
- Taker / Maker
- 0.02% / 0%
- Funding APR(8h)
- +5.37%
- OI
- $17.00M
- 24h Vol
- $9.87M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short258 long / 262 short samples · 2 days · auto-refresh every 30s