PIEVERSE · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 4m old+0.165%higher than 55% of spread values(window 1D)
long $1.7630 · short $1.7659(long 4m / short 1m old)
Entry Spread (order book)-0.188%on $10,000
long $1.7627 · short $1.7594(average execution prices, not mark)
market median $1.7636· long -0.0%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.16%, but entry and exit cost 0.83% 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 0.16% 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 | +$16.45 | -$33.55 | -$83.55 |
| Round-trip fees | −$19.00 | −$19.00 | −$19.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$66.97 | -$116.97 | -$166.97 |
Breakeven move 0.8342%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.18%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 280 samples
Current
+0.165%
55 pct
Median
+0.148%
Average
+0.143%
P25 → P75
+0.005% … +0.260%
Range
-3.415% … +1.956%
Std dev
±0.428%
tf
LONG
Gate.io(cex)
Gate.io(cex)- Mark Price
- $1.7630
- Exchange Ticker
- PIEVERSE_USDT
- Taker / Maker
- 0.075% / -0.01%
- Funding APR(8h)
- +10.96%
- OI
- $6.44M
- 24h Vol
- $3.62M
SHORT
MEXC(cex)
MEXC(cex)- Mark Price
- $1.7659
- Exchange Ticker
- PIEVERSE_USDT
- Taker / Maker
- 0.02% / 0%
- Funding APR(4h)
- +10.96%
- OI
- $868.42K
- 24h Vol
- $1.03M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short257 long / 257 short samples · 2 days · auto-refresh every 30s