CHIP · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.12%, but entry and exit cost 0.20% 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 0.12% 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 | +$11.69 | -$38.31 | -$88.31 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.09 | −$0.09 | −$0.09 |
| Net potential | -$8.40 | -$58.40 | -$108.40 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.11% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 72 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 · 285 samples
Bybit(cex)- Mark Price
- $0.02993
- Exchange Ticker
- CHIPUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(4h)
- +10.96%
- OI
- $4.05M
- 24h Vol
- $1.42M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Hyperliquid(dex)- Mark Price
- $0.02996
- Exchange Ticker
- CHIP
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +2.85%
- OI
- $5.75M
- 24h Vol
- $787.90K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short258 long / 285 short samples · 2 days · auto-refresh every 30s