COW · Convergence Trade
Profit Calculator
Three scenarios: the current spread 1.00% compresses to the target (0% = full convergence). Sized at $10,000 per leg.
| If spread converges to↓ target spread | 0% | 0.5% | 1.0% |
|---|---|---|---|
| Gross profit | +$100.27 | +$50.27 | +$0.27 |
| Round-trip fees | −$12.00 | −$12.00 | −$12.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.87 | +$0.87 | +$0.87 |
| Net potential | +$89.14 | +$39.14 | -$10.86 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.15% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 46 comparable episodes over 7D. Check the position roughly every ~1.3h.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 7d · 1,790 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.
BloFin(cex)- Mark Price
- $0.1097
- Exchange Ticker
- COW-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- -291.06%
- OI
- $533.55K
- 24h Vol
- $111.67K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Variational(dex)- Mark Price
- $0.1108
- Exchange Ticker
- COW
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- -214.50%
- OI
- $29.93K
- 24h Vol
- $70.63K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short1577 long / 1612 short samples · 8 days · auto-refresh every 30s