API3 · 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 0.12% 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 | +$12.23 | -$37.77 | -$87.77 |
| Round-trip fees | −$22.00 | −$22.00 | −$22.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$10.73 | +$10.73 | +$10.73 |
| Net potential | +$0.96 | -$49.04 | -$99.04 |
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.26%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 239 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.
Toobit(cex)- Mark Price
- $0.3270
- Exchange Ticker
- API3-SWAP-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- -1479.77%
- OI
- $5.18M
- 24h Vol
- $15.87M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
BingX(cex)- Mark Price
- $0.3274
- Exchange Ticker
- API3-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- -539.63%
- OI
- $4.38M
- 24h Vol
- $8.98M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short208 long / 198 short samples · 2 days · auto-refresh every 30s