XAG · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 6m old+0.180%higher than 88% of spread values(window 1D)
long $48.7770 · short $48.8650(long 6m / short 42s old)
Entry Spread (order book)-0.012%on $10,000
long $48.8641 · short $48.8584(average execution prices, not mark)
market median $48.9254· long -0.3%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.18%, 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 0.18% 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 | +$18.04 | -$31.96 | -$81.96 |
| Round-trip fees | −$15.00 | −$15.00 | −$15.00 |
| Slippage(orderbook) | −$13.51 | −$13.51 | −$13.51 |
| Funding drag(est. 1h hold) | +$0.15 | +$0.15 | +$0.15 |
| Net potential | -$10.32 | -$60.32 | -$110.32 |
Breakeven move 0.2836%·Tradeability: 0.6× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~18mintypical time to exit(usually ~18min–~36min)
Exit target: spread compresses to the median 0.14% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 29 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 · 281 samples
Current
+0.180%
88 pct
Median
+0.043%
Average
-0.047%
P25 → P75
-0.157% … +0.131%
Range
-1.611% … +0.526%
Std dev
±0.321%
tf
LONG
Phoenix(dex)
Phoenix(dex)- Mark Price
- $48.7770
- Exchange Ticker
- SILVER
- Taker / Maker
- 0.035% / 0.005%
- Funding APR(1h)
- +7.19%
- OI
- $41.09K
SHORT
Pacifica(dex)
Pacifica(dex)- Mark Price
- $48.8650
- Exchange Ticker
- XAG
- Taker / Maker
- 0.04% / 0.015%
- Funding APR(1h)
- +20.63%
- OI
- $265.76K
- 24h Vol
- $77.26K
147 long / 281 short samples · 2 days · auto-refresh every 30s