MEGA · 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
This spread does not cover its own costs
The spread is 5.73%, but entry and exit cost -0.03% 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 5.73% 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 | +$573.22 | +$523.22 | +$473.22 |
| Round-trip fees | −$17.00 | −$17.00 | −$17.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$20.17 | +$20.17 | +$20.17 |
| Net potential | +$576.39 | +$526.39 | +$476.39 |
⏱ Hold time (estimated from history)
Over 1D the spread rarely converged to the median 1.84% (75% of episodes never did). The spread may be structural rather than mean-reverting — do not count on a quick exit; take profit on actual compression, not on a timer.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 282 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.
Coinbase International(cex)- Mark Price
- $0.04265
- Exchange Ticker
- MEGA-PERP
- Taker / Maker
- 0.04% / 0.02%
- Funding APR(1h)
- -1708.49%
- OI
- $1.47K
- 24h Vol
- $347.68
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Hyperliquid(dex)- Mark Price
- $0.04510
- Exchange Ticker
- MEGA
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +58.83%
- OI
- $3.74M
- 24h Vol
- $765.95K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short93 long / 282 short samples · 2 days · auto-refresh every 30s