ENA · Convergence Trade
Current Spread (mark)
updated 57s ago+0.023%higher than 6% of spread values(window 1D)
long $0.1857 · short $0.1857
Entry Spread (order book)+0.059%on $10,000
long $0.1856 · short $0.1857(average execution prices, not mark)
market median $0.1855· long +0.1%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.02%, but entry and exit cost 0.39% 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 0.02% 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 | +$2.32 | -$47.68 | -$97.68 |
| Round-trip fees | −$15.40 | −$15.40 | −$15.40 |
| Slippage(orderbook) | −$23.78 | −$23.78 | −$23.78 |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$36.86 | -$86.86 | -$136.86 |
Breakeven move 0.3918%·Tradeability: 0.1× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.14%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 285 samples
Current
+0.023%
6 pct
Median
+0.143%
Average
+0.129%
P25 → P75
+0.106% … +0.168%
Range
-0.053% … +0.207%
Std dev
±0.054%
tf
LONG
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $0.1857
- Exchange Ticker
- ENA
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $91.75M
- 24h Vol
- $15.66M
SHORT
PopDEX(dex)
PopDEX(dex)- Mark Price
- $0.1857
- Exchange Ticker
- ENAUSDT
- Taker / Maker
- 0.032% / 0.01%
- Funding APR(1h)
- +10.96%
- OI
- $1.07M
- 24h Vol
- $305.63K
285 long / 285 short samples · 2 days · auto-refresh every 30s