POPCAT · Convergence Trade
Profit Calculator
Three scenarios: the current spread 0.19% 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 | +$19.24 | -$30.76 | -$80.76 |
| Round-trip fees | −$10.00 | −$10.00 | −$10.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.80 | +$0.80 | +$0.80 |
| Net potential | +$10.04 | -$39.96 | -$89.96 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.09% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 248 comparable episodes over 7D. Check the position roughly every ~1h.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 7d · 1,972 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.
Variational(dex)- Mark Price
- $0.04158
- Exchange Ticker
- POPCAT
- Taker / Maker
- 0% / 0%
- Funding APR(4h)
- -70.53%
- OI
- $458.82K
- 24h Vol
- $78.55K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Pionex(cex)- Mark Price
- $0.04166
- Exchange Ticker
- POPCAT_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- -0.55%
- OI
- $9.13K
- 24h Vol
- $7.10K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short1612 long / 1966 short samples · 8 days · auto-refresh every 30s