PONS · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.21%, but entry and exit cost 0.32% of the position. The trade is a loss at entry regardless of how the spread moves afterwards. Reduce the size, or pick another pair.
Three scenarios: the current spread 0.21% compresses to the target (0% = full convergence). Sized at $10,000 per leg.
| If spread converges to↓ target spread | 0% | 0.50% | 1.00% |
|---|---|---|---|
| Gross profit | +$20.89 | -$29.11 | -$79.11 |
| Round-trip fees | −$10.00 | −$10.00 | −$10.00 |
| Slippage(orderbook) | −$21.88 | −$21.88 | −$21.88 |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$10.99 | -$60.99 | -$110.99 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.11% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 58 comparable episodes over 1D. Check the position roughly every ~1h.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 282 samples
Live spread — order book
on size $10,000Rebuilt 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.
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
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
234 long / 276 short samples · 2 days · auto-refresh every 30s