PIPPIN · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 8m old-0.371%higher than 2% of spread values(window 1D)
long $0.01887 · short $0.01880(long 4m / short 8m old)
Entry Spread (order book)-1.141%on $10,000thin book — size does not fully fill
long $0.01912 · short $0.01890(average execution prices, not mark)
market median $0.01880· long +0.4%· short -0.0%
⚠ Spread is inverted — KuCoin is cheaper than Gate.io. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 271 samples
Current
-0.371%
2 pct
Median
+0.000%
Average
+0.017%
P25 → P75
-0.053% … +0.106%
Range
-1.098% … +0.477%
Std dev
±0.164%
Size per leg$= $20,000 total
chart range
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Live spread — order book
on size $10,000Collecting live order-book data…
Rebuilt 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.
LONG
Gate.io(cex)
Gate.io(cex)- Mark Price
- $0.01887
- Exchange Ticker
- PIPPIN_USDT
- Taker / Maker
- 0.075% / -0.01%
- Funding APR(4h)
- +10.96%
- OI
- $1.71M
- 24h Vol
- $66.33K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
KuCoin(cex)
KuCoin(cex)- Mark Price
- $0.01880
- Exchange Ticker
- PIPPINUSDTM
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +106.73%
- OI
- $1.67M
- 24h Vol
- $2.14M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short223 long / 231 short samples · 1 day · auto-refresh every 30s