BP · Convergence Trade
Sparse data (31% 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 8.04% 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 | +$803.85 | +$753.85 | +$703.85 |
| Round-trip fees | −$19.00 | −$19.00 | −$19.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.15 | −$0.15 | −$0.15 |
| Net potential | +$784.70 | +$734.70 | +$684.70 |
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 8.05%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 152 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.
Phoenix(dex)- Mark Price
- $1.5060
- Exchange Ticker
- BP
- Taker / Maker
- 0.035% / 0.005%
- Funding APR(1h)
- -1.34%
- OI
- $50.34K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Hotcoin(cex)- Mark Price
- $1.6271
- Exchange Ticker
- BPUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- -14.07%
- OI
- $80.13K
- 24h Vol
- $3.48M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short89 long / 91 short samples · 2 days · auto-refresh every 30s