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 4.79% 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 | +$479.05 | +$429.05 | +$379.05 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$19.59 | +$19.59 | +$19.59 |
| Net potential | +$458.99 | +$408.99 | +$358.99 |
⏱ Hold time (estimated from history)
Over 1D the spread rarely converged to the median 0.11% (100% of episodes never did). The spread may be structural rather than mean-reverting — do not count on a quick exit; take profit on actual compression, not on a timer.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 274 samples
Live spread — order book
on size $10,000Rebuilt from stored order books (last 3h) and updated every ~15s while the page is open. IN is the spread to open the position, OUT is the spread to close it; positive means the trade works in your favour. Both are walked for your position size, so they already include what depth costs you.
Phemex(cex)- Mark Price
- $0.004365
- Exchange Ticker
- u1000PEPEUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(8h)
- -2.90%
- OI
- $2.53M
- 24h Vol
- $4.67M
Coinbase International(cex)- Mark Price
- $0.004574
- Exchange Ticker
- 1000PEPE-PERP
- Taker / Maker
- 0.04% / 0.02%
- Funding APR(1h)
- +1712.88%
- OI
- $359.66K
- 24h Vol
- $1.59M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short274 long / 274 short samples · 2 days · auto-refresh every 30s