JUP · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 6m old+0.039%higher than 67% of spread values(window 1D)
long $0.2581 · short $0.2582(long 6m / short 5m old)
Entry Spread (order book)-0.114%on $10,000
long $0.2581 · short $0.2578(average execution prices, not mark)
market median $0.2584· long -0.1%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.04%, but entry and exit cost 0.22% 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 0.04% 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 | +$3.87 | -$46.13 | -$96.13 |
| Round-trip fees | −$22.00 | −$22.00 | −$22.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.09 | +$0.09 | +$0.09 |
| Net potential | -$18.04 | -$68.04 | -$118.04 |
Breakeven move 0.2191%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.11%) — 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
+0.039%
67 pct
Median
+0.000%
Average
-0.014%
P25 → P75
-0.116% … +0.114%
Range
-0.851% … +0.539%
Std dev
±0.212%
tf
LONG
OKX(cex)
OKX(cex)- Mark Price
- $0.2581
- Exchange Ticker
- JUP-USDT-SWAP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- -1.37%
- OI
- $3.81M
- 24h Vol
- $6.81M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Toobit(cex)
Toobit(cex)- Mark Price
- $0.2582
- Exchange Ticker
- JUP-SWAP-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +6.35%
- OI
- $865.14K
- 24h Vol
- $2.09M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short261 long / 259 short samples · 2 days · auto-refresh every 30s