BTC · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.04%, but entry and exit cost 0.16% 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 0.04% 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 | +$4.44 | -$45.56 | -$95.56 |
| Round-trip fees | −$16.00 | −$16.00 | −$16.00 |
| Slippage(orderbook) | −$1.07 | −$1.07 | −$1.07 |
| Funding drag(est. 1h hold) | +$0.67 | +$0.67 | +$0.67 |
| Net potential | -$11.96 | -$61.96 | -$111.96 |
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.14%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 263 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
- $80,831
- Exchange Ticker
- BTC
- Taker / Maker
- 0.035% / 0.005%
- Funding APR(1h)
- -35.25%
- OI
- $3.06M
Hibachi(dex)- Mark Price
- $80,866.91
- Exchange Ticker
- BTC/USDT-P
- Taker / Maker
- 0.045% / 0%
- Funding APR(1h)
- +23.67%
- OI
- $758.10K
- 24h Vol
- $10.03M
263 long / 263 short samples · 1 day · auto-refresh every 30s