ICP · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 5m old-0.035%higher than 33% of spread values(window 1D)
long $2.3960 · short $2.3952(long 3m / short 5m old)
Entry Spread (order book)-1.053%on $10,000
long $2.4195 · short $2.3940(average execution prices, not mark)
market median $2.3970· long -0.0%· short -0.1%
⚠ Spread is inverted — Variational is cheaper than Phemex. Convergence trade only profits with positive spread.
Size per leg$= $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 · 278 samples
Current
-0.035%
33 pct
Median
+0.049%
Average
+0.045%
P25 → P75
-0.087% … +0.171%
Range
-0.998% … +0.733%
Std dev
±0.206%
tf
LONG
Phemex(cex)
Phemex(cex)- Mark Price
- $2.3960
- Exchange Ticker
- ICPUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(8h)
- -93.55%
- OI
- $1.61M
- 24h Vol
- $649.43K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Variational(dex)
Variational(dex)- Mark Price
- $2.3952
- Exchange Ticker
- ICP
- Taker / Maker
- 0% / 0%
- Funding APR(8h)
- -2.44%
- OI
- $626.73K
- 24h Vol
- $126.96K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short252 long / 253 short samples · 2 days · auto-refresh every 30s