PENDLE · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.12%, but entry and exit cost 0.34% 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 0.12% 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 | +$11.83 | -$38.17 | -$88.17 |
| Round-trip fees | −$18.00 | −$18.00 | −$18.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$22.47 | -$72.47 | -$122.47 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.10% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 59 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 · 280 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.
ApeX(dex)- Mark Price
- $2.3661
- Exchange Ticker
- PENDLE-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- +10.96%
- OI
- $84.13K
- 24h Vol
- $235.80K
Polymarket(dex)- Mark Price
- $2.3689
- Exchange Ticker
- PENDLE-USD
- Taker / Maker
- 0.04% / 0.0125%
- Funding APR(1h)
- +10.96%
- OI
- $25.82K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short244 long / 257 short samples · 2 days · auto-refresh every 30s