CRCL · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.19%, but entry and exit cost 0.37% 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 0.19% 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 | +$19.14 | -$30.86 | -$80.86 |
| Round-trip fees | −$18.00 | −$18.00 | −$18.00 |
| Slippage(orderbook) | −$19.11 | −$19.11 | −$19.11 |
| Funding drag(est. 1h hold) | +$0.33 | +$0.33 | +$0.33 |
| Net potential | -$17.64 | -$67.64 | -$117.64 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.10% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 29 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 · 253 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.
Coinbase International(cex)- Mark Price
- $88.8400
- Exchange Ticker
- CRCL-PERP
- Taker / Maker
- 0.04% / 0.02%
- Funding APR(1h)
- -38.57%
- OI
- $1.17M
- 24h Vol
- $19.95K
Pionex(cex)- Mark Price
- $89.0100
- Exchange Ticker
- CRCLX_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- -9.31%
- OI
- $2.42M
- 24h Vol
- $1.28M
237 long / 233 short samples · 1 day · auto-refresh every 30s