BIRB · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.16%, but entry and exit cost 0.24% 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 0.16% 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 | +$15.92 | -$34.08 | -$84.08 |
| Round-trip fees | −$24.00 | −$24.00 | −$24.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.14 | +$0.14 | +$0.14 |
| Net potential | -$7.94 | -$57.94 | -$107.94 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.12% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 55 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 · 256 samples
Bitget(cex)- Mark Price
- $0.06910
- Exchange Ticker
- BIRBUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- -16.22%
- OI
- $897.19K
- 24h Vol
- $1.00M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
KuCoin(cex)- Mark Price
- $0.06921
- Exchange Ticker
- BIRBUSDTM
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- -4.38%
- OI
- $1.16M
- 24h Vol
- $139.09K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short224 long / 225 short samples · 2 days · auto-refresh every 30s