PONS · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 5m old-0.104%higher than 6% of spread values(window 1D)
long $0.5744 · short $0.5738(long 5m / short 5m old)
Entry Spread (order book)-0.702%on $10,000
long $0.5791 · short $0.5750(average execution prices, not mark)
market median $0.5754· long -0.2%· short -0.3%
⚠ Spread is inverted — Bybit is cheaper than Phemex. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 275 samples
Current
-0.104%
6 pct
Median
-0.034%
Average
-0.028%
P25 → P75
-0.064% … +0.000%
Range
-0.171% … +0.306%
Std dev
±0.057%
Size per leg$= $20,000 total
chart range
Loading Mark Prices…
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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
- $0.5744
- Exchange Ticker
- PONSUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(4h)
- +10.96%
- OI
- $1.52M
- 24h Vol
- $2.60M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Bybit(cex)
Bybit(cex)- Mark Price
- $0.5738
- Exchange Ticker
- PONSUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(4h)
- +10.96%
- OI
- $15.57M
- 24h Vol
- $24.10M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short275 long / 275 short samples · 2 days · auto-refresh every 30s