PROVE · Convergence Trade
Profit Calculator
Three scenarios: the current spread 0.11% 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 | +$10.72 | -$39.28 | -$89.28 |
| Round-trip fees | −$23.00 | −$23.00 | −$23.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.97 | +$0.97 | +$0.97 |
| Net potential | -$11.31 | -$61.31 | -$111.31 |
⏱ 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 43 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 · 273 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.
KuCoin(cex)- Mark Price
- $0.1492
- Exchange Ticker
- PROVEUSDTM
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- -74.02%
- OI
- $4.48M
- 24h Vol
- $12.10K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Bybit(cex)- Mark Price
- $0.1494
- Exchange Ticker
- PROVEUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(4h)
- +10.95%
- OI
- $1.12M
- 24h Vol
- $356.22K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short218 long / 229 short samples · 2 days · auto-refresh every 30s