PROVE · Convergence Trade
Profit Calculator
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% | 0.5% | 1.0% |
|---|---|---|---|
| Gross profit | +$15.98 | -$34.02 | -$84.02 |
| Round-trip fees | −$24.00 | −$24.00 | −$24.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.72 | +$0.72 | +$0.72 |
| Net potential | -$7.30 | -$57.30 | -$107.30 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.08% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 28 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 · 229 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
- $0.1502
- Exchange Ticker
- PROVEUSDTM
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- -51.68%
- OI
- $4.51M
- 24h Vol
- $4.91K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Toobit(cex)- Mark Price
- $0.1504
- Exchange Ticker
- PROVE-SWAP-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +11.09%
- OI
- $23.51K
- 24h Vol
- $7.38M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short187 long / 196 short samples · 2 days · auto-refresh every 30s