INJ · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 4m old+0.114%higher than 82% of spread values(window 1D)
long $7.9060 · short $7.9150(long 52s / short 4m old)
Entry Spread (order book)-0.164%on $10,000
long $7.9014 · short $7.8884(average execution prices, not mark)
market median $7.9160· long -0.1%· short -0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.11%, but entry and exit cost 0.20% 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 0.11% 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 | +$11.38 | -$38.62 | -$88.62 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.02 | −$0.02 | −$0.02 |
| Net potential | -$8.64 | -$58.64 | -$108.64 |
Breakeven move 0.2002%·Tradeability: 0.6× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.12%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 284 samples
Current
+0.114%
82 pct
Median
-0.053%
Average
-0.049%
P25 → P75
-0.148% … +0.049%
Range
-2.561% … +0.705%
Std dev
±0.269%
tf
LONG
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $7.9060
- Exchange Ticker
- INJ
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $7.89M
- 24h Vol
- $9.47M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Bybit(cex)
Bybit(cex)- Mark Price
- $7.9150
- Exchange Ticker
- INJUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(8h)
- +9.31%
- OI
- $17.44M
- 24h Vol
- $44.57M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short284 long / 255 short samples · 2 days · auto-refresh every 30s