1000PEPE · Convergence Trade
Profit Calculator
Slippage is not in these figures yet — the order book is still loading. Breakeven is understated and tradeability overstated until it arrives; wait for the refresh before judging the trade.
Three scenarios: the current spread 0.29% 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 | +$28.61 | -$21.39 | -$71.39 |
| Round-trip fees | −$15.00 | −$15.00 | −$15.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.52 | +$0.52 | +$0.52 |
| Net potential | +$14.13 | -$35.87 | -$85.87 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.07% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 23 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
Hyperliquid(dex)- Mark Price
- $0.003792
- Exchange Ticker
- kPEPE
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- -32.95%
- OI
- $21.27M
- 24h Vol
- $47.53M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
RiseX(dex)- Mark Price
- $0.003803
- Exchange Ticker
- 1000PEPE-PERP
- Taker / Maker
- 0.03% / 0.01%
- Funding APR(1h)
- +12.49%
- OI
- $15.18K
- 24h Vol
- $345.01K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short285 long / 285 short samples · 2 days · auto-refresh every 30s