XAG · Convergence Trade
Current Spread (mark)
updated 26s ago+0.011%higher than 45% of spread values(window 1D)
long $48.9200 · short $48.9252
Entry Spread (order book)-0.036%on $10,000
long $48.9376 · short $48.9200(average execution prices, not mark)
market median $48.9300· long -0.0%· short -0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.01%, but entry and exit cost 0.30% 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 0.01% 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 | +$1.06 | -$48.94 | -$98.94 |
| Round-trip fees | −$22.00 | −$22.00 | −$22.00 |
| Slippage(orderbook) | −$7.69 | −$7.69 | −$7.69 |
| Funding drag(est. 1h hold) | +$0.02 | +$0.02 | +$0.02 |
| Net potential | -$28.61 | -$78.61 | -$128.61 |
Breakeven move 0.2967%·Tradeability: 0.0× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.03%) — 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
+0.011%
45 pct
Median
+0.015%
Average
+0.026%
P25 → P75
-0.005% … +0.060%
Range
-0.136% … +0.261%
Std dev
±0.057%
tf
LONG
Phemex(cex)
Phemex(cex)- Mark Price
- $48.9200
- Exchange Ticker
- XAGUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(4h)
- +0.00%
- OI
- $1.10M
- 24h Vol
- $4.81M
SHORT
Pionex(cex)
Pionex(cex)- Mark Price
- $48.9252
- Exchange Ticker
- XAG_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +2.05%
- OI
- $4.78M
- 24h Vol
- $3.96M
283 long / 281 short samples · 2 days · auto-refresh every 30s