PAXG · Convergence Trade
Current Spread (mark)
updated 28s ago+0.042%higher than 42% of spread values(window 1D)
long $3,865.84 · short $3,867.46
Entry Spread (order book)-0.744%on $10,000
long $3,894 · short $3,865.04(average execution prices, not mark)
market median $3,867.17· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.04%, but entry and exit cost 3.35% 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 0.04% 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 | +$4.18 | -$45.82 | -$95.82 |
| Round-trip fees | −$19.00 | −$19.00 | −$19.00 |
| Slippage(orderbook) | −$316.55 | −$316.55 | −$316.55 |
| Funding drag(est. 1h hold) | +$0.92 | +$0.92 | +$0.92 |
| Net potential | -$330.45 | -$380.45 | -$430.45 |
Breakeven move 3.3463%·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 0.05%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 285 samples
Current
+0.042%
42 pct
Median
+0.052%
Average
+0.049%
P25 → P75
+0.014% … +0.079%
Range
-0.052% … +0.165%
Std dev
±0.045%
tf
LONG
dYdX(dex)
dYdX(dex)- Mark Price
- $3,865.84
- Exchange Ticker
- PAXG-USD
- Taker / Maker
- 0.05% / 0.01%
- Funding APR(1h)
- +0.00%
- OI
- $74.24K
- 24h Vol
- $22.70K
SHORT
Hibachi(dex)
Hibachi(dex)- Mark Price
- $3,867.46
- Exchange Ticker
- PAXG/USDT-P
- Taker / Maker
- 0.045% / 0%
- Funding APR(1h)
- +80.65%
- OI
- $65.30K
- 24h Vol
- $86.63K
285 long / 285 short samples · 2 days · auto-refresh every 30s