API3 · Convergence Trade
Sparse data (32% of expected samples) — statistics may be unreliable
Forward-fill used for gaps in mark-price history. Smaller window or current spread reading more trustworthy than long-range stats.
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 0.46% 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 | +$46.39 | -$3.61 | -$53.61 |
| Round-trip fees | −$21.00 | −$21.00 | −$21.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.40 | +$0.40 | +$0.40 |
| Net potential | +$25.79 | -$24.21 | -$74.21 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.13% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 9 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 · 160 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.
BingX(cex)- Mark Price
- $0.3018
- Exchange Ticker
- API3-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- -48.43%
- OI
- $2.42M
- 24h Vol
- $6.76M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Bybit(cex)- Mark Price
- $0.3032
- Exchange Ticker
- API3USDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(4h)
- -13.82%
- OI
- $1.58M
- 24h Vol
- $1.10M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short92 long / 91 short samples · 2 days · auto-refresh every 30s