NG · Convergence Trade
Profit Calculator
Three scenarios: the current spread 0.16% compresses to the target (0% = full convergence). Sized at $10,000 per leg.
| If spread converges to↓ target spread | 0% | 0.5% | 1.0% |
|---|---|---|---|
| Gross profit | +$16.12 | -$33.88 | -$83.88 |
| Round-trip fees | −$17.00 | −$17.00 | −$17.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$1.13 | −$1.13 | −$1.13 |
| Net potential | -$13.55 | -$63.55 | -$113.55 |
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.22%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 7d · 1,938 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.
Extended(dex)- Mark Price
- $2.7296
- Exchange Ticker
- XNG-USD
- Taker / Maker
- 0.025% / 0%
- Funding APR(1h)
- +109.50%
- OI
- $153.06K
- 24h Vol
- $469.23K
KuCoin(cex)- Mark Price
- $2.7340
- Exchange Ticker
- NATGASUSDTM
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +10.95%
- OI
- $657.51K
- 24h Vol
- $163.82K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short1922 long / 1906 short samples · 8 days · auto-refresh every 30s