OP · 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 0.50% 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 | +$50.16 | +$0.16 | -$49.84 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.61 | +$0.61 | +$0.61 |
| Net potential | +$30.77 | -$19.23 | -$69.23 |
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.50%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 279 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.
Backpack(cex)- Mark Price
- $0.1296
- Exchange Ticker
- OP_USDC_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- -1.17%
- OI
- $172.05K
- 24h Vol
- $156.33K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
HTX(cex)- Mark Price
- $0.1302
- Exchange Ticker
- OP-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- +52.46%
- OI
- $225.56K
- 24h Vol
- $139.43K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short240 long / 253 short samples · 2 days · auto-refresh every 30s