PENGU · Convergence Trade
Profit Calculator
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% | 0.5% | 1.0% |
|---|---|---|---|
| Gross profit | +$14.21 | -$35.79 | -$85.79 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.63 | +$0.63 | +$0.63 |
| Net potential | -$5.16 | -$55.16 | -$105.16 |
⏱ 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 52 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 · 282 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.
N1(dex)- Mark Price
- $0.009147
- Exchange Ticker
- PENGU
- Taker / Maker
- 0.05% / 0.01%
- Funding APR(1h)
- +28.91%
- OI
- $215.03
- 24h Vol
- $1.13K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Backpack(cex)- Mark Price
- $0.009160
- Exchange Ticker
- PENGU_USDC_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- +84.11%
- OI
- $192.70K
- 24h Vol
- $596.71K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short280 long / 282 short samples · 2 days · auto-refresh every 30s