PENDLE · Convergence Trade
Profit Calculator
Three scenarios: the current spread 0.05% 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 | +$4.84 | -$45.16 | -$95.16 |
| Round-trip fees | −$12.00 | −$12.00 | −$12.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.01 | +$0.01 | +$0.01 |
| Net potential | -$7.15 | -$57.15 | -$107.15 |
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.08%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 7d · 1,900 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.
Toobit(cex)- Mark Price
- $1.3214
- Exchange Ticker
- PENDLE-SWAP-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- +9.77%
- OI
- $259.64K
- 24h Vol
- $1.20M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Variational(dex)- Mark Price
- $1.3220
- Exchange Ticker
- PENDLE
- Taker / Maker
- 0% / 0%
- Funding APR(8h)
- +10.95%
- OI
- $448.20K
- 24h Vol
- $64.43K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short1584 long / 1611 short samples · 8 days · auto-refresh every 30s