MERL · 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 0.75% 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 | +$74.88 | +$24.88 | -$25.12 |
| Round-trip fees | −$14.00 | −$14.00 | −$14.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$7.54 | +$7.54 | +$7.54 |
| Net potential | +$68.42 | +$18.42 | -$31.58 |
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 3.63%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 276 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.
WOOFi Pro(dex)- Mark Price
- $0.03165
- Exchange Ticker
- PERP_MERL_USDC
- Taker / Maker
- 0.03% / 0%
- Funding APR(4h)
- +7.36%
- OI
- $5.20K
- 24h Vol
- $1.28M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Coinbase International(cex)- Mark Price
- $0.03189
- Exchange Ticker
- MERL-PERP
- Taker / Maker
- 0.04% / 0.02%
- Funding APR(1h)
- +667.97%
- OI
- $3.18K
- 24h Vol
- $1.72K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short236 long / 254 short samples · 2 days · auto-refresh every 30s