1000PEPE · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.06%, but entry and exit cost 0.12% 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 0.06% 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 | +$6.17 | -$43.83 | -$93.83 |
| Round-trip fees | −$12.00 | −$12.00 | −$12.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.09 | +$0.09 | +$0.09 |
| Net potential | -$5.74 | -$55.74 | -$105.74 |
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.10%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 280 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
- $0.004375
- Exchange Ticker
- u1000PEPEUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(8h)
- +2.23%
- OI
- $2.22M
- 24h Vol
- $4.20M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Lighter(dex)- Mark Price
- $0.004378
- Exchange Ticker
- 1000PEPE-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +10.52%
- OI
- $1.33M
- 24h Vol
- $386.36K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short280 long / 278 short samples · 1 day · auto-refresh every 30s