PONS · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 3m old-0.098%higher than 19% of spread values(window 1D)
long $0.3654 · short $0.3650(long 7s / short 3m old)
Entry Spread (order book)-0.056%on $10,000
long $0.3655 · short $0.3653(average execution prices, not mark)
market median $0.3650· long +0.1%· short -0.0%
⚠ Spread is inverted — Binance Futures is cheaper than Pionex. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 279 samples
Current
-0.098%
19 pct
Median
+0.027%
Average
+0.028%
P25 → P75
-0.072% … +0.127%
Range
-0.553% … +0.768%
Std dev
±0.184%
Size per leg$= $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
Pionex(cex)
Pionex(cex)- Mark Price
- $0.3654
- Exchange Ticker
- PONS_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +10.96%
- OI
- $647.55K
- 24h Vol
- $555.52K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Binance Futures(cex)
Binance Futures(cex)- Mark Price
- $0.3650
- Exchange Ticker
- PONSUSDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +10.96%
- OI
- $34.98M
- 24h Vol
- $24.00M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short246 long / 257 short samples · 2 days · auto-refresh every 30s