MSTR · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 5m old-0.030%higher than 23% of spread values(window 1D)
long $107.5600 · short $107.5273(long 5m / short 4m old)
Entry Spread (order book)-0.029%on $10,000
long $107.5314 · short $107.5000(average execution prices, not mark)
market median $107.5200· long +0.0%· short +0.0%
⚠ Spread is inverted — Pionex is cheaper than Phemex. Convergence trade only profits with positive spread.
Size per leg$= $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 · 283 samples
Current
-0.030%
23 pct
Median
+0.006%
Average
-0.000%
P25 → P75
-0.025% … +0.036%
Range
-0.605% … +0.392%
Std dev
±0.087%
tf
LONG
Phemex(cex)
Phemex(cex)- Mark Price
- $107.5600
- Exchange Ticker
- MSTRUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(4h)
- +0.00%
- OI
- $1.42M
- 24h Vol
- $1.01M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Pionex(cex)
Pionex(cex)- Mark Price
- $107.5273
- Exchange Ticker
- MSTRX_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- +2.41%
- OI
- $3.37M
- 24h Vol
- $9.81M
283 long / 280 short samples · 2 days · auto-refresh every 30s