IO · Convergence Trade
Profit 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 0.30% 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 | +$30.05 | -$19.95 | -$69.95 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.14 | +$0.14 | +$0.14 |
| Net potential | +$10.19 | -$39.81 | -$89.81 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.17% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 56 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 · 285 samples
Hyperliquid(dex)- Mark Price
- $0.1065
- Exchange Ticker
- IO
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- -1.39%
- OI
- $460.98K
- 24h Vol
- $165.17K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Bybit(cex)- Mark Price
- $0.1068
- Exchange Ticker
- IOUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(4h)
- +10.96%
- OI
- $663.16K
- 24h Vol
- $402.79K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short285 long / 92 short samples · 2 days · auto-refresh every 30s