PONS · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 4m old-0.387%higher than 2% of spread values(window 1D)
long $0.5762 · short $0.5740(long 4m / short 3m old)
Entry Spread (order book)-0.453%on $10,000
long $0.5743 · short $0.5717(average execution prices, not mark)
market median $0.5740· long +0.4%· short +0.0%
⚠ Spread is inverted — Bitget is cheaper than Phemex. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 283 samples
Current
-0.387%
2 pct
Median
+0.074%
Average
+0.085%
P25 → P75
-0.054% … +0.208%
Range
-0.826% … +1.477%
Std dev
±0.256%
Size per leg$= $20,000 total
chart range
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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
Phemex(cex)
Phemex(cex)- Mark Price
- $0.5762
- Exchange Ticker
- PONSUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(4h)
- +10.96%
- OI
- $1.55M
- 24h Vol
- $2.61M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Bitget(cex)
Bitget(cex)- Mark Price
- $0.5740
- Exchange Ticker
- PONSUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +74.51%
- OI
- $4.28M
- 24h Vol
- $6.66M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short276 long / 231 short samples · 1 day · auto-refresh every 30s