ENA · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.06%, but entry and exit cost 0.94% 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 0.06% 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 | +$6.05 | -$43.95 | -$93.95 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(orderbook) | −$76.80 | −$76.80 | −$76.80 |
| Funding drag(est. 1h hold) | +$2.61 | +$2.61 | +$2.61 |
| Net potential | -$88.14 | -$138.14 | -$188.14 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.05% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 74 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 · 280 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.
Backpack(cex)- Mark Price
- $0.2056
- Exchange Ticker
- ENA_USDC_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- +39.89%
- OI
- $359.48K
- 24h Vol
- $422.93K
dYdX(dex)- Mark Price
- $0.2057
- Exchange Ticker
- ENA-USD
- Taker / Maker
- 0.05% / 0.01%
- Funding APR(1h)
- +268.24%
- OI
- $137.77K
- 24h Vol
- $37.86K
279 long / 280 short samples · 2 days · auto-refresh every 30s