PONS · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 8m old-0.252%higher than 7% of spread values(window 1D)
long $0.5768 · short $0.5753(long 26s / short 8m old)
Entry Spread (order book)-0.698%on $10,000
long $0.5795 · short $0.5755(average execution prices, not mark)
market median $0.5757· long +0.2%· short -0.1%
⚠ Spread is inverted — Pionex is cheaper than Phemex. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 283 samples
Current
-0.252%
7 pct
Median
-0.032%
Average
-0.023%
P25 → P75
-0.103% … +0.064%
Range
-0.679% … +0.765%
Std dev
±0.176%
Size per leg$= $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
- $0.5768
- Exchange Ticker
- PONSUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(4h)
- +10.96%
- OI
- $1.53M
- 24h Vol
- $2.60M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
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 Short276 long / 276 short samples · 1 day · auto-refresh every 30s