NVDA · Convergence Trade
Current Spread (mark)
updated 1m ago+0.024%higher than 94% of spread values(window 1D)
long $162.9500 · short $162.9897(long 31s / short 1m old)
Entry Spread (order book)-0.274%on $10,000thin book — size does not fully fill
long $163.4374 · short $162.9900(average execution prices, not mark)
market median $162.9200· long +0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.02%, but entry and exit cost 0.59% of the position. The trade is a loss at entry regardless of how the spread moves afterwards. Reduce the size, or pick another pair.
Three scenarios: the current spread 0.02% compresses to the target (0% = full convergence). Sized at $10,000 per leg.
| If spread converges to↓ target spread | 0% | 0.50% | 1.00% |
|---|---|---|---|
| Gross profit | +$2.44 | -$47.56 | -$97.56 |
| Round-trip fees | −$22.00 | −$22.00 | −$22.00 |
| Slippage(orderbook) | −$36.99 | −$36.99 | −$36.99 |
| Funding drag(est. 1h hold) | +$0.03 | +$0.03 | +$0.03 |
| Net potential | -$56.52 | -$106.52 | -$156.52 |
Breakeven move 0.5896%·Tradeability: 0.0× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.04%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 283 samples
Current
+0.024%
94 pct
Median
-0.031%
Average
-0.063%
P25 → P75
-0.099% … -0.007%
Range
-0.706% … +0.173%
Std dev
±0.098%
tf
LONG
Phemex(cex)
Phemex(cex)- Mark Price
- $162.9500
- Exchange Ticker
- NVDAUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(4h)
- +0.00%
- OI
- $1.50M
- 24h Vol
- $147.27K
SHORT
Pionex(cex)
Pionex(cex)- Mark Price
- $162.9897
- Exchange Ticker
- NVDAX_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- +2.29%
- OI
- $6.00M
- 24h Vol
- $22.42M
283 long / 281 short samples · 2 days · auto-refresh every 30s