ICP · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.27%, but entry and exit cost 1.68% 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 0.27% 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 | +$27.35 | -$22.65 | -$72.65 |
| Round-trip fees | −$12.00 | −$12.00 | −$12.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.54 | +$0.54 | +$0.54 |
| Net potential | -$140.68 | -$190.68 | -$240.68 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.08% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 13 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 · 236 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.
Phemex(cex)- Mark Price
- $3.1150
- Exchange Ticker
- ICPUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(8h)
- -66.98%
- OI
- $1.71M
- 24h Vol
- $577.37K
Variational(dex)- Mark Price
- $3.1235
- Exchange Ticker
- ICP
- Taker / Maker
- 0% / 0%
- Funding APR(8h)
- -19.53%
- OI
- $1.28M
- 24h Vol
- $60.71K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short234 long / 234 short samples · 2 days · auto-refresh every 30s