PUMP · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 3m old+0.137%higher than 61% of spread values(window 1D)
long $0.003292 · short $0.003296(long 2m / short 3m old)
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $0.003298· long -0.2%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.14%, but entry and exit cost 0.20% 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 0.14% 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 | +$13.67 | -$36.33 | -$86.33 |
| Round-trip fees | −$10.00 | −$10.00 | −$10.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.49 | +$0.49 | +$0.49 |
| Net potential | -$5.89 | -$55.89 | -$105.89 |
Breakeven move 0.1956%·Tradeability: 0.7× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.14%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 283 samples
Current
+0.137%
61 pct
Median
+0.104%
Average
+0.097%
P25 → P75
-0.016% … +0.211%
Range
-0.891% … +0.915%
Std dev
±0.241%
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
Lighter(dex)
Lighter(dex)- Mark Price
- $0.003296
- Exchange Ticker
- PUMP-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +10.52%
- OI
- $2.07M
- 24h Vol
- $1.62M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short244 long / 267 short samples · 2 days · auto-refresh every 30s