PONS · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 1m old-0.072%higher than 43% of spread values(window 1D)
long $0.5758 · short $0.5753(long 26s / short 1m old)
Entry Spread (order book)-0.132%on $10,000
long $0.5759 · short $0.5752(average execution prices, not mark)
market median $0.5738· long +0.3%· short +0.3%
⚠ Spread is inverted — Pionex is cheaper than Hyperliquid. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 283 samples
Current
-0.072%
43 pct
Median
-0.043%
Average
-0.047%
P25 → P75
-0.138% … +0.041%
Range
-0.635% … +0.800%
Std dev
±0.196%
Size per leg$= $20,000 total
chart range
Loading Mark Prices…
Loading Price Spread…
Live spread — order book
on size $10,000Collecting live order-book data…
Rebuilt from stored order books (last 3h) and updated every ~15s while the page is open. IN is the spread to open the position, OUT is the spread to close it; positive means the trade works in your favour. Both are walked for your position size, so they already include what depth costs you.
LONG
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $0.5758
- Exchange Ticker
- PONS
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $30.06M
- 24h Vol
- $20.83M
SHORT
Pionex(cex)
Pionex(cex)- Mark Price
- $0.5753
- Exchange Ticker
- PONS_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +10.96%
- OI
- $718.19K
- 24h Vol
- $1.41M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short283 long / 276 short samples · 2 days · auto-refresh every 30s