PAXG · Convergence Trade
Current Spread (mark)
updated 1m ago+0.008%higher than 2% of spread values(window 1D)
long $3,867.45 · short $3,867.75(long 1m / short 56s old)
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $3,867.74· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.01%, but entry and exit cost 0.10% 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 0.01% 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 | +$0.78 | -$49.22 | -$99.22 |
| Round-trip fees | −$10.00 | −$10.00 | −$10.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.01 | −$0.01 | −$0.01 |
| Net potential | -$9.26 | -$59.26 | -$109.26 |
Breakeven move 0.1004%·Tradeability: 0.1× 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 · 283 samples
Current
+0.008%
2 pct
Median
+0.048%
Average
+0.050%
P25 → P75
+0.036% … +0.064%
Range
-0.038% … +0.191%
Std dev
±0.022%
tf
LONG
Pionex(cex)
Pionex(cex)- Mark Price
- $3,867.45
- Exchange Ticker
- PAXG_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +10.96%
- OI
- $3.49M
- 24h Vol
- $809.29K
SHORT
Lighter(dex)
Lighter(dex)- Mark Price
- $3,867.75
- Exchange Ticker
- PAXG-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +10.52%
- OI
- $1.64M
- 24h Vol
- $855.41K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short282 long / 283 short samples · 2 days · auto-refresh every 30s