PUMP · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 2m old+0.046%higher than 41% of spread values(window 1D)
long $0.003292 · short $0.003293(long 2m / short 1m old)
Entry Spread (order book)-0.021%on $10,000
long $0.003283 · short $0.003282(average execution prices, not mark)
market median $0.003298· long -0.2%· short -0.2%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.05%, but entry and exit cost 0.32% of the position. The trade is a loss at entry regardless of how the spread moves afterwards. Reduce the size, or pick another pair.
Three scenarios: the current spread 0.05% compresses to the target (0% = full convergence). Sized at $10,000 per leg.
| If spread converges to↓ target spread | 0% | 0.50% | 1.00% |
|---|---|---|---|
| Gross profit | +$4.56 | -$45.44 | -$95.44 |
| Round-trip fees | −$22.00 | −$22.00 | −$22.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.50 | +$0.50 | +$0.50 |
| Net potential | -$26.99 | -$76.99 | -$126.99 |
Breakeven move 0.3155%·Tradeability: 0.1× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.13%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 279 samples
Current
+0.046%
41 pct
Median
+0.076%
Average
+0.059%
P25 → P75
-0.015% … +0.166%
Range
-1.303% … +0.944%
Std dev
±0.249%
tf
LONG
Backpack(cex)
Backpack(cex)- Mark Price
- $0.003292
- Exchange Ticker
- PUMP_USDC_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- -32.11%
- OI
- $745.86K
- 24h Vol
- $344.47K
SHORT
BloFin(cex)
BloFin(cex)- Mark Price
- $0.003293
- Exchange Ticker
- PUMP-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +11.63%
- OI
- $2.52M
- 24h Vol
- $4.74M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short243 long / 253 short samples · 2 days · auto-refresh every 30s