PONS · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 2m old-0.257%higher than 16% of spread values(window 1D)
long $0.3467 · short $0.3458(long 2m / short 8s old)
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $0.3460· long +0.2%· short -0.1%
⚠ Spread is inverted — Hyperliquid is cheaper than Lighter. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 285 samples
Current
-0.257%
16 pct
Median
-0.052%
Average
-0.013%
P25 → P75
-0.164% … +0.137%
Range
-0.819% … +1.544%
Std dev
±0.336%
Size per leg$= $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
Lighter(dex)
Lighter(dex)- Mark Price
- $0.3467
- Exchange Ticker
- PONS-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +10.52%
- OI
- $1.17M
- 24h Vol
- $750.11K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $0.3458
- Exchange Ticker
- PONS
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $33.10M
- 24h Vol
- $14.20M
260 long / 285 short samples · 2 days · auto-refresh every 30s