JPY · 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 0.18% 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 | +$18.27 | -$31.73 | -$81.73 |
| Round-trip fees | −$16.00 | −$16.00 | −$16.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.93 | +$0.93 | +$0.93 |
| Net potential | +$3.20 | -$46.80 | -$96.80 |
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.18%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 275 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.
TxFlow(dex)- Mark Price
- $157.6690
- Exchange Ticker
- USDJPY
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- -76.01%
- OI
- $27.72K
- 24h Vol
- $137.82K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Ondo(dex)- Mark Price
- $157.9570
- Exchange Ticker
- USDJPY-USD.P
- Taker / Maker
- 0.035% / 0.015%
- Funding APR(1h)
- +5.52%
- OI
- $49.47K
- 24h Vol
- $8.45K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short245 long / 239 short samples · 2 days · auto-refresh every 30s