PONS · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 4m old-0.129%higher than 21% of spread values(window 1D)
long $0.5742 · short $0.5734(long 2m / short 4m old)
Entry Spread (order book)+0.054%on $10,000
long $0.5750 · short $0.5753(average execution prices, not mark)
market median $0.5738· long +0.1%· short -0.1%
⚠ Spread is inverted — Binance Futures is cheaper than Variational. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 282 samples
Current
-0.129%
21 pct
Median
+0.041%
Average
+0.024%
P25 → P75
-0.099% … +0.161%
Range
-1.290% … +0.707%
Std dev
±0.261%
Size per leg$= $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
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
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Binance Futures(cex)
Binance Futures(cex)- Mark Price
- $0.5734
- Exchange Ticker
- PONSUSDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +27.24%
- OI
- $41.12M
- 24h Vol
- $52.87M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short234 long / 275 short samples · 2 days · auto-refresh every 30s