ONDO · Convergence Trade
Current Spread (mark)
updated 26s ago-0.034%higher than 27% of spread values(window 1D)
long $0.4989 · short $0.4987
Entry Spread (order book)-1.153%on $10,000
long $0.4994 · short $0.4936(average execution prices, not mark)
market median $0.4988· long +0.0%· short -0.0%
⚠ Spread is inverted — dYdX is cheaper than Phemex. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 284 samples
Current
-0.034%
27 pct
Median
+0.002%
Average
+0.006%
P25 → P75
-0.039% … +0.044%
Range
-0.124% … +0.348%
Std dev
±0.060%
Size per leg$= $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
- $0.4989
- Exchange Ticker
- ONDOUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(4h)
- +10.96%
- OI
- $3.98M
- 24h Vol
- $9.08M
SHORT
dYdX(dex)
dYdX(dex)- Mark Price
- $0.4987
- Exchange Ticker
- ONDO-USD
- Taker / Maker
- 0.05% / 0.01%
- Funding APR(1h)
- +511.81%
- OI
- $276.76K
- 24h Vol
- $56.15K
284 long / 284 short samples · 2 days · auto-refresh every 30s