PENGU · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 5m old+0.051%higher than 56% of spread values(window 1D)
long $0.005821 · short $0.005824(long 5m / short 5m old)
Entry Spread (order book)-0.164%on $10,000
long $0.005809 · short $0.005799(average execution prices, not mark)
market median $0.005820· long +0.0%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.05%, 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 0.05% 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 | +$5.15 | -$44.85 | -$94.85 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.51 | +$0.51 | +$0.51 |
| Net potential | -$14.34 | -$64.34 | -$114.34 |
Breakeven move 0.1949%·Tradeability: 0.3× round-trip cost · do not trade — spread below breakeven
⏱ 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: 24h · 279 samples
Current
+0.051%
56 pct
Median
+0.036%
Average
+0.035%
P25 → P75
-0.047% … +0.111%
Range
-0.762% … +0.719%
Std dev
±0.155%
tf
LONG
KuCoin(cex)
KuCoin(cex)- Mark Price
- $0.005821
- Exchange Ticker
- PENGUUSDTM
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- -33.31%
- OI
- $3.50M
- 24h Vol
- $14.80M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Aster(dex)
Aster(dex)- Mark Price
- $0.005824
- Exchange Ticker
- PENGUUSDT
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(4h)
- +10.96%
- OI
- $85.05K
- 24h Vol
- $73.83K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short261 long / 258 short samples · 2 days · auto-refresh every 30s