INIT · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 5m old+0.712%higher than 26% of spread values(window 1D)
long $0.1011 · short $0.1018(long 5m / short 4m old)
Entry Spread (order book)+0.576%on $10,000
long $0.1008 · short $0.1014(average execution prices, not mark)
market median $0.1008· long +0.3%· short +1.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Slippage is not in these figures yet — the order book is still loading. Breakeven is understated and tradeability overstated until it arrives; wait for the refresh before judging the trade.
Three scenarios: the current spread 0.71% 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 | +$71.22 | +$21.22 | -$28.78 |
| Round-trip fees | −$12.00 | −$12.00 | −$12.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$8.62 | +$8.62 | +$8.62 |
| Net potential | +$67.84 | +$17.84 | -$32.16 |
Breakeven move 0.0338%·Tradeability: 21.1× round-trip cost · comfortable opportunity
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 3.36%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 282 samples
Current
+0.712%
26 pct
Median
+3.356%
Average
+2.709%
P25 → P75
+0.605% … +3.996%
Range
-1.304% … +6.843%
Std dev
±1.842%
tf
LONG
Variational(dex)
Variational(dex)- Mark Price
- $0.1011
- Exchange Ticker
- INIT
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- -1537.31%
- OI
- $82.68K
- 24h Vol
- $442.30K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
BloFin(cex)
BloFin(cex)- Mark Price
- $0.1018
- Exchange Ticker
- INIT-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(1h)
- -782.50%
- OI
- $388.02K
- 24h Vol
- $201.34K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short251 long / 252 short samples · 2 days · auto-refresh every 30s