MORPHO · 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 0.35% 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 | +$34.78 | -$15.22 | -$65.22 |
| Round-trip fees | −$17.00 | −$17.00 | −$17.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$2.22 | +$2.22 | +$2.22 |
| Net potential | +$12.00 | -$38.00 | -$88.00 |
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.45%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 258 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
- $2.7027
- Exchange Ticker
- MORPHO
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $162.77K
- 24h Vol
- $137.36K
Coinbase International(cex)- Mark Price
- $2.7121
- Exchange Ticker
- MORPHO-PERP
- Taker / Maker
- 0.04% / 0.02%
- Funding APR(1h)
- +205.12%
- OI
- $37.49K
- 24h Vol
- $568.95
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short231 long / 234 short samples · 2 days · auto-refresh every 30s