PIPPIN · Convergence Trade
Profit Calculator
Three scenarios: the current spread 0.03% 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 | +$2.75 | -$47.25 | -$97.25 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.15 | +$0.15 | +$0.15 |
| Net potential | -$17.10 | -$67.10 | -$117.10 |
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.10%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 285 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
- $0.01729
- Exchange Ticker
- PIPPIN-SWAP-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- -3.26%
- OI
- $83.86K
- 24h Vol
- $911.37K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Aster(dex)- Mark Price
- $0.01729
- Exchange Ticker
- PIPPINUSDT
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- +9.90%
- OI
- $95.47K
- 24h Vol
- $6.48K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short285 long / 226 short samples · 2 days · auto-refresh every 30s