BTC · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.01%, but entry and exit cost 0.19% 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 0.01% 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 | +$0.87 | -$49.13 | -$99.13 |
| Round-trip fees | −$19.00 | −$19.00 | −$19.00 |
| Slippage(orderbook) | −$0.13 | −$0.13 | −$0.13 |
| Funding drag(est. 1h hold) | +$0.04 | +$0.04 | +$0.04 |
| Net potential | -$18.22 | -$68.22 | -$118.22 |
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.02%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 281 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.
Pionex(cex)- Mark Price
- $84,362.7
- Exchange Ticker
- BTC_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- +2.16%
- OI
- $114.33M
- 24h Vol
- $2541.27M
Hyperliquid(dex)- Mark Price
- $84,370
- Exchange Ticker
- BTC
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +5.26%
- OI
- $1556.36M
- 24h Vol
- $1227.24M
281 long / 279 short samples · 2 days · auto-refresh every 30s