POL · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 3m old+0.024%higher than 51% of spread values(window 1D)
long $0.08291 · short $0.08293(long 1m / short 3m old)
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $0.08292· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.02%, but entry and exit cost 0.23% 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 0.02% 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 | +$2.41 | -$47.59 | -$97.59 |
| Round-trip fees | −$23.00 | −$23.00 | −$23.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.20 | +$0.20 | +$0.20 |
| Net potential | -$20.39 | -$70.39 | -$120.39 |
Breakeven move 0.2280%·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 0.08%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 280 samples
Current
+0.024%
51 pct
Median
+0.024%
Average
+0.017%
P25 → P75
-0.049% … +0.104%
Range
-0.458% … +0.412%
Std dev
±0.130%
tf
LONG
Bybit(cex)
Bybit(cex)- Mark Price
- $0.08291
- Exchange Ticker
- POLUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(4h)
- -6.93%
- OI
- $9.84M
- 24h Vol
- $3.42M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Phemex(cex)
Phemex(cex)- Mark Price
- $0.08293
- Exchange Ticker
- POLUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(4h)
- +10.96%
- OI
- $1.59M
- 24h Vol
- $709.67K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short256 long / 252 short samples · 2 days · auto-refresh every 30s