JPY · Convergence Trade
Sparse data (28% of expected samples) — statistics may be unreliable
Forward-fill used for gaps in mark-price history. Smaller window or current spread reading more trustworthy than long-range stats.
Profit Calculator
Three scenarios: the current spread 0.01% 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 | +$1.25 | -$48.75 | -$98.75 |
| Round-trip fees | −$26.00 | −$26.00 | −$26.00 |
| Slippage(orderbook) | −$23.35 | −$23.35 | −$23.35 |
| Funding drag(est. 1h hold) | +$0.12 | +$0.12 | +$0.12 |
| Net potential | -$47.98 | -$97.98 | -$147.98 |
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.05%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 80 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.
![trade[XYZ]](/icons/exchanges/hyperliquid.jpg){kind=icon}
trade[XYZ](dex)- Mark Price
- $159.4200
- Exchange Ticker
- xyz:JPY
- Taker / Maker
- 0.09% / 0.03%
- Funding APR(1h)
- +0.00%
- OI
- $18.26M
- 24h Vol
- $2.24M
Pacifica(dex)- Mark Price
- $159.4400
- Exchange Ticker
- USDJPY
- Taker / Maker
- 0.04% / 0.015%
- Funding APR(1h)
- +10.95%
- OI
- $92.17K
- 24h Vol
- $14.14K
80 long / 80 short samples · 2 days · auto-refresh every 30s