PONS · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 4m old+0.016%higher than 49% of spread values(window 1D)
long $0.2735 · short $0.2736(long 4m / short 45s old)
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $0.2735· long +0.0%· short +0.0%
Size per leg$= $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 0.08% 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 | +$1.57 | -$48.43 | -$98.43 |
| Round-trip fees | −$8.00 | −$8.00 | −$8.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.19 | +$0.19 | +$0.19 |
| Net potential | -$6.24 | -$56.24 | -$106.24 |
Breakeven move 0.0781%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.16%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 271 samples
Current
+0.016%
49 pct
Median
+0.018%
Average
+0.005%
P25 → P75
-0.134% … +0.177%
Range
-2.032% … +2.185%
Std dev
±0.426%
tf
LONG
Lighter(dex)
Lighter(dex)- Mark Price
- $0.2735
- Exchange Ticker
- PONS-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- -5.26%
- OI
- $697.26K
- 24h Vol
- $298.28K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Aster(dex)
Aster(dex)- Mark Price
- $0.2736
- Exchange Ticker
- PONSUSDT
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(4h)
- +10.96%
- OI
- $816.09K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short259 long / 158 short samples · 2 days · auto-refresh every 30s