PAXG · Convergence Trade
Current Spread (mark)
updated 29s ago+0.026%higher than 90% of spread values(window 1D)
long $3,866.8 · short $3,867.8
Entry Spread (order book)+0.009%on $10,000
long $3,866.81 · short $3,867.17(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 0.03%, but entry and exit cost 0.22% 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 0.03% 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 | +$2.59 | -$47.41 | -$97.41 |
| Round-trip fees | −$19.00 | −$19.00 | −$19.00 |
| Slippage(orderbook) | −$3.14 | −$3.14 | −$3.14 |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$19.55 | -$69.55 | -$119.55 |
Breakeven move 0.2214%·Tradeability: 0.1× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~6min–~18min)
Exit target: spread compresses to the median 0.02% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 39 comparable episodes over 1D. Check the position roughly every ~1h.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 284 samples
Current
+0.026%
90 pct
Median
-0.004%
Average
-0.003%
P25 → P75
-0.017% … +0.012%
Range
-0.105% … +0.068%
Std dev
±0.023%
tf
LONG
Pionex(cex)
Pionex(cex)- Mark Price
- $3,866.8
- Exchange Ticker
- PAXG_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +10.96%
- OI
- $3.48M
- 24h Vol
- $803.51K
SHORT
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $3,867.8
- Exchange Ticker
- PAXG
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $23.14M
- 24h Vol
- $1.67M
283 long / 284 short samples · 2 days · auto-refresh every 30s