OP · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.14%, but entry and exit cost 0.19% of the position. The trade is a loss at entry regardless of how the spread moves afterwards. Reduce the size, or pick another pair.
Three scenarios: the current spread 0.14% 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 | +$14.17 | -$35.83 | -$85.83 |
| Round-trip fees | −$19.00 | −$19.00 | −$19.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.30 | +$0.30 | +$0.30 |
| Net potential | -$4.53 | -$54.53 | -$104.53 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.08% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 54 comparable episodes over 1D. Check the position roughly every ~1h.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 284 samples
Binance Futures(cex)- Mark Price
- $0.1267
- Exchange Ticker
- OPUSDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- -15.62%
- OI
- $17.94M
- 24h Vol
- $32.81M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Hyperliquid(dex)- Mark Price
- $0.1269
- Exchange Ticker
- OP
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $4.41M
- 24h Vol
- $925.57K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short257 long / 283 short samples · 2 days · auto-refresh every 30s