IBM · Convergence Trade
Profit Calculator
Three scenarios: the current spread 0.04% compresses to the target (0% = full convergence). Sized at $10,000 per leg.
| If spread converges to↓ target spread | 0% | 0.5% | 1.0% |
|---|---|---|---|
| Gross profit | +$3.99 | -$46.01 | -$96.01 |
| Round-trip fees | −$10.00 | −$10.00 | −$10.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$6.01 | -$56.01 | -$106.01 |
⏱ 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: 7d · 1,395 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.
Variational(dex)- Mark Price
- $228.6790
- Exchange Ticker
- IBM
- Taker / Maker
- 0% / 0%
- Funding APR(8h)
- +0.00%
- OI
- $410.96K
- 24h Vol
- $103.29K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
grvt(dex)- Mark Price
- $228.7703
- Exchange Ticker
- IBM_USDT_Perp
- Taker / Maker
- 0.05% / 0.01%
- Funding APR(8h)
- +0.00%
- OI
- $391.20
- 24h Vol
- $97.58K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short1312 long / 1309 short samples · 8 days · auto-refresh every 30s