ENA · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.08%, 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 0.08% 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 | +$7.80 | -$42.20 | -$92.20 |
| Round-trip fees | −$11.00 | −$11.00 | −$11.00 |
| Slippage(orderbook) | −$9.98 | −$9.98 | −$9.98 |
| Funding drag(est. 1h hold) | +$2.30 | +$2.30 | +$2.30 |
| Net potential | -$10.88 | -$60.88 | -$110.88 |
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.08%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 284 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.
Meridian(dex)- Mark Price
- $0.1875
- Exchange Ticker
- ENAUSD
- Taker / Maker
- 0.03% / 0%
- Funding APR(1h)
- -190.16%
- OI
- $65.60K
- 24h Vol
- $68.35K
Extended(dex)- Mark Price
- $0.1877
- Exchange Ticker
- ENA-USD
- Taker / Maker
- 0.025% / 0%
- Funding APR(1h)
- +11.40%
- OI
- $360.92K
- 24h Vol
- $933.46K
284 long / 280 short samples · 2 days · auto-refresh every 30s