MAGS · Convergence Trade
Sparse data (32% 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
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 0.29% 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 | +$29.07 | -$20.93 | -$70.93 |
| Round-trip fees | −$29.00 | −$29.00 | −$29.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.91 | +$0.91 | +$0.91 |
| Net potential | +$0.98 | -$49.02 | -$99.02 |
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.41%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 136 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/hl-xyz.svg){kind=icon}
trade[XYZ](dex)- Mark Price
- $72.2400
- Exchange Ticker
- xyz:MAGS
- Taker / Maker
- 0.09% / 0.03%
- Funding APR(1h)
- -79.63%
- OI
- $383.22K
- 24h Vol
- $83.02K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Bybit(cex)- Mark Price
- $72.4500
- Exchange Ticker
- MAGSUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(8h)
- +0.00%
- OI
- $193.04K
- 24h Vol
- $153.15K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short93 long / 100 short samples · 2 days · auto-refresh every 30s