PAXG · Convergence Trade
Current Spread (mark)
updated 1m ago+0.005%higher than 75% of spread values(window 1D)
long $3,867.96 · short $3,868.14(long 55s / short 1m old)
Entry Spread (order book)-0.075%on $10,000thin book — size does not fully fill
long $3,866.91 · short $3,864.01(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 0.00%, but entry and exit cost 0.19% 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 0.00% 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 | +$0.46 | -$49.54 | -$99.54 |
| Round-trip fees | −$18.00 | −$18.00 | −$18.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$18.87 | -$68.87 | -$118.87 |
Breakeven move 0.1933%·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 0.02%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 284 samples
Current
+0.005%
75 pct
Median
-0.010%
Average
-0.009%
P25 → P75
-0.026% … +0.005%
Range
-0.134% … +0.070%
Std dev
±0.024%
tf
LONG
grvt(dex)
grvt(dex)- Mark Price
- $3,867.96
- Exchange Ticker
- PAXG_USDT_Perp
- Taker / Maker
- 0.05% / 0.01%
- Funding APR(4h)
- +10.96%
- OI
- $1.38M
- 24h Vol
- $1.77M
SHORT
Aster(dex)
Aster(dex)- Mark Price
- $3,868.14
- Exchange Ticker
- PAXGUSDT
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(4h)
- +10.96%
- OI
- $1.35M
- 24h Vol
- $452.32K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short284 long / 282 short samples · 2 days · auto-refresh every 30s