1000PEPE · Convergence Trade
Current Spread (mark)
updated 1m ago+0.068%higher than 62% of spread values(window 1D)
long $0.004288 · short $0.004291(long 34s / short 1m old)
Entry Spread (order book)+0.157%on $10,000
long $0.004284 · short $0.004290(average execution prices, not mark)
market median $0.004289· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.07%, but entry and exit cost 0.31% 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 0.07% 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 | +$6.76 | -$43.24 | -$93.24 |
| Round-trip fees | −$23.00 | −$23.00 | −$23.00 |
| Slippage(orderbook) | −$7.55 | −$7.55 | −$7.55 |
| Funding drag(est. 1h hold) | +$0.01 | +$0.01 | +$0.01 |
| Net potential | -$23.78 | -$73.78 | -$123.78 |
Breakeven move 0.3054%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~6mintypical time to exit(usually ~6min–~12min)
Exit target: spread compresses to the median 0.06% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 70 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 · 285 samples
Current
+0.068%
62 pct
Median
+0.051%
Average
+0.059%
P25 → P75
+0.011% … +0.086%
Range
-0.344% … +2.168%
Std dev
±0.161%
tf
LONG
Bybit(cex)
Bybit(cex)- Mark Price
- $0.004288
- Exchange Ticker
- 1000PEPEUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(8h)
- +10.96%
- OI
- $47.88M
- 24h Vol
- $92.51M
SHORT
Toobit(cex)
Toobit(cex)- Mark Price
- $0.004291
- Exchange Ticker
- 1000PEPE-SWAP-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- +11.81%
- OI
- $12.61M
- 24h Vol
- $31.99M
285 long / 282 short samples · 2 days · auto-refresh every 30s