PONS · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 3m old-0.043%higher than 36% of spread values(window 1D)
long $0.5744 · short $0.5742(long 3m / short 3m old)
Entry Spread (order book)-0.741%on $10,000
long $0.5794 · short $0.5751(average execution prices, not mark)
market median $0.5752· long -0.1%· short -0.2%
⚠ Spread is inverted — Variational is cheaper than Phemex. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 276 samples
Current
-0.043%
36 pct
Median
-0.012%
Average
+0.010%
P25 → P75
-0.082% … +0.078%
Range
-0.593% … +1.205%
Std dev
±0.193%
Size per leg$= $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
- $0.5744
- 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
Variational(dex)
Variational(dex)- Mark Price
- $0.5742
- Exchange Ticker
- PONS
- Taker / Maker
- 0% / 0%
- Funding APR(4h)
- +10.96%
- OI
- $1.92M
- 24h Vol
- $4.03M
276 long / 234 short samples · 2 days · auto-refresh every 30s