ON · Convergence Trade
Profit Calculator
Three scenarios: the current spread 0.11% 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 | +$10.52 | -$39.48 | -$89.48 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.37 | +$0.37 | +$0.37 |
| Net potential | -$9.11 | -$59.11 | -$109.11 |
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.19%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 227 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.
BingX(cex)- Mark Price
- $0.3804
- Exchange Ticker
- ON-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- -21.90%
- OI
- $5.92M
- 24h Vol
- $6.97M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Binance Futures(cex)- Mark Price
- $0.3808
- Exchange Ticker
- ONUSDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +10.95%
- OI
- $17.83M
- 24h Vol
- $10.02M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short173 long / 181 short samples · 2 days · auto-refresh every 30s