XAG · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 2m old+0.030%higher than 63% of spread values(window 1D)
long $48.9000 · short $48.9149(long 46s / short 2m old)
Entry Spread (order book)-0.056%on $10,000
long $48.9291 · short $48.9016(average execution prices, not mark)
market median $48.9100· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.03%, but entry and exit cost 0.28% 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 0.03% 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 | +$3.04 | -$46.96 | -$96.96 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(orderbook) | −$7.87 | −$7.87 | −$7.87 |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$24.83 | -$74.83 | -$124.83 |
Breakeven move 0.2787%·Tradeability: 0.1× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.04%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 283 samples
Current
+0.030%
63 pct
Median
+0.015%
Average
+0.024%
P25 → P75
-0.019% … +0.055%
Range
-0.143% … +0.627%
Std dev
±0.074%
tf
LONG
Phemex(cex)
Phemex(cex)- Mark Price
- $48.9000
- Exchange Ticker
- XAGUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(4h)
- +0.00%
- OI
- $1.10M
- 24h Vol
- $4.85M
SHORT
Aster(dex)
Aster(dex)- Mark Price
- $48.9149
- Exchange Ticker
- XAGUSDT
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(4h)
- +0.00%
- OI
- $3.25M
- 24h Vol
- $1.69M
283 long / 283 short samples · 2 days · auto-refresh every 30s