GLW · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.15%, but entry and exit cost 0.23% 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 0.15% 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 | +$15.17 | -$34.83 | -$84.83 |
| Round-trip fees | −$23.00 | −$23.00 | −$23.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$7.83 | -$57.83 | -$107.83 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.09% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 43 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 · 238 samples
Bybit(cex)- Mark Price
- $112.0700
- Exchange Ticker
- GLWUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(8h)
- +0.00%
- OI
- $512.83K
- 24h Vol
- $199.42K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Hotcoin(cex)- Mark Price
- $112.2400
- Exchange Ticker
- GLWUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- -0.07%
- OI
- $1.55M
- 24h Vol
- $747.66K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short203 long / 198 short samples · 2 days · auto-refresh every 30s